Spearfish Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Spearfish averaged 6.35% for the week of 2024-02-22, compared to the national average of 6.9% for the same period.

The average rate for the prior week (2024-02-15) was 6.42% and one month ago for the week of 2024-01-18, the average rate was 6.15%.

Spearfish's average rate one year ago was 6.3%.

For refis of the same type during the week of 2024-02-22, the average rate was 7%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-22 6.9%
Spearfish 30 Year Fixed Rate 2024-02-22 6.35%
Spearfish 30 Year Fixed Rate Refi 2024-02-22 7%
Spearfish 15 Year Fixed Rate 2024-02-22 6.19%
Spearfish 15 Year Fixed Rate Refi 2024-02-22 6.49%
Spearfish 30 Year FHA 2024-02-22 0%
Spearfish 30 Year FHA Refi 2024-02-22 -0.2%
Spearfish 30 Year USDA 2024-02-22 0%
Spearfish 30 Year USDA Refi 2024-02-22 0.1%
Spearfish 30 Year VA 2024-02-22 0%
Spearfish 30 Year VA Refi 2024-02-22 -0.1%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Spearfish, SD.

Spearfish Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Spearfish, SD market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
CMG MORTGAGE, INC. 38 4.79% $5,378
BLACK HILLS FEDERAL CREDIT UNION 35 4.42% $5,866
Gateway First Bank 33 4.81% $4,754
First Interstate Bank 30 4.81% $5,718
QUICKEN LOANS, LLC 19 4.76% $8,280
Plains Commerce Bank 16 4.91% $5,367
First National Bank 11 4.87% $5,430
Unify Home Lending Inc. 9 4.93% $5,988
LOANDEPOT.COM, LLC 8 4.18% $8,217
UNITED WHOLESALE MORTGAGE, LLC 7 6.16% $4,149
Wells Fargo Bank 7 4.18% $4,171
U.S. Bank 6 4.60% $4,687
BANKWEST, INC. 5 5.30% $6,481
PENNYMAC LOAN SERVICES, LLC 4 4.91% $8,435
First Dakota National Bank 4 4.16% $7,541
Flagstar Bank, FSB 3 5.23% $14,540
Central Bank 3 3.96% $6,677
Dacotah Bank 3 5.96% $3,197
BROKER SOLUTIONS, INC. 3 4.41% $5,275
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.04% $7,960
CROSSCOUNTRY MORTGAGE, LLC 3 4.83% $7,667
CARDINAL FINANCIAL 3 4.88% $11,720
AMERISAVE MORTGAGE CORPORATION 2 4.69% $5,674
CALIBER HOME LOANS, INC. 2 6.50% $16,603
HOMESTAR FINANCIAL CORPORATION 2 5.50% $4,381
JPMorgan Chase Bank 2 2.81% $4,180
Lend Smart Mortgage, LLC 2 4.38% $9,526
ANGEL OAK MORTGAGE SOLUTIONS LLC 2 4.62% $16,208
MOVEMENT MORTGAGE, LLC 2 5.12% $6,399
First Guaranty Mortgage Corporation 2 5.06% $10,571
Pinnacle Bank - Wyoming 2 3.44% $7,227
PNC Bank 2 4.13% $3,402
Servion, Inc. 2 4.06% $6,393
The First National Bank in Sioux Falls 2 3.31% $8,655
First PREMIER Bank 2 4.69% $7,643
FREEDOM MORTGAGE CORPORATION 2 4.19% $3,370
West Gate Bank 1 3.25% $2,400
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.50% $13,263
Bank of America 1 7.13% $3,793
BAY EQUITY LLC 1 3.13% $5,301
Bell Bank 1 4.63% $3,174
BMO Harris Bank 1 5.00% $9,517
Bremer Bank 1 4.75% $5,693
Choice Financial Group 1 3.13% $13,267
CHURCHILL MORTGAGE CORPORATION 1 4.88% $12,275
CITIZENS EQUITY FIRST 1 3.88% $2,449
City National Bank 1 2.72% $3,213
Core Bank 1 3.99% $5,482
CORTRUST MORTGAGE, INC. 1 7.00% $3,840
CU MORTGAGE DIRECT, LLC 1 3.75% $0
DEEPHAVEN MORTGAGE LLC 1 7.13% $6,787
EASTMAN 1 5.25% $2,373
Farm Credit Mid-America, ACA 1 4.30% $9,824
Florida Capital Bank 1 3.88% $5,172
Frandsen Bank & Trust 1 4.88% $5,122
Goldwater Bank, N.A. 1 4.25% $4,311
Great Western Bank 1 2.50% $14,138
GUILD MORTGAGE COMPANY 1 3.38% $11,141
HOME POINT FINANCIAL CORPORATION 1 2.99% $8,525
HOMESIDE FINANCIAL, LLC 1 6.13% $5,671
IncredibleBank 1 6.13% $4,678
LAKEVIEW LOAN SERVICING, LLC 1 4.50% $11,431
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $5,469
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $5,388
NEWREZ LLC 1 6.13% $9,325
Northwest Bank 1 4.65% $7,291
OPEN MORTGAGE, LLC 1 6.62% $5,834
Raymond James Bank 1 3.75% $5,033
The Union Bank Company 1 3.13% $4,322
Toyota Financial Savings Bank 1 4.25% $4,362
Truist 1 5.50% $13,263
American Bank & Trust 1 3.25% $6,587

Spearfish Average Closing Costs & Other Stats

Spearfish, SD's 72 lenders originated 880 loans during 2022. The total origination value was $273,640,000, with an average loan value of $310,955.

Spearfish's average closing costs are $5,016.

The top Spearfish lender as defined by loan originations is CMG MORTGAGE, INC., with 38 loans originated. Their average total fees are $5,378, which is $488 lower than the next largest lender, BLACK HILLS FEDERAL CREDIT UNION.

The lowest fee Spearfish lenders (with over 10 loans originated) are Gateway First Bank ($4,754), Plains Commerce Bank ($5,367), CMG MORTGAGE, INC. ($5,378), First National Bank ($5,430) and First Interstate Bank ($5,718).

The lowest rate Spearfish lenders (with over 10 loans originated) are BLACK HILLS FEDERAL CREDIT UNION (4.42%), QUICKEN LOANS, LLC (4.76%), CMG MORTGAGE, INC. (4.79%), First Interstate Bank (4.81%) and Gateway First Bank (4.81%).

Spearfish, SD Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
First Interstate Bank $47,355,000 $31,565,000 -33.3% 11.5%
BLACK HILLS FEDERAL CREDIT UNION $24,965,000 $28,110,000 12.6% 10.3%
CMG MORTGAGE, INC. $28,705,000 $23,435,000 -18.4% 8.6%
Pioneer Bank & Trust $40,695,000 $21,680,000 -46.7% 7.9%
Gateway First Bank $28,435,000 $14,870,000 -47.7% 5.4%
Black Hills Community Bank $15,075,000 $9,360,000 -37.9% 3.4%
QUICKEN LOANS, LLC $18,995,000 $7,690,000 -59.5% 2.8%
Plains Commerce Bank $8,305,000 $7,150,000 -13.9% 2.6%
First National Bank $8,760,000 $6,485,000 -26.0% 2.4%
U.S. Bank $7,570,000 $5,675,000 -25.0% 2.1%
Wells Fargo Bank $11,000,000 $5,450,000 -50.5% 2.0%
UNITED WHOLESALE MORTGAGE, LLC $6,635,000 $5,215,000 -21.4% 1.9%
BANKWEST, INC. $5,235,000 $4,815,000 -8.0% 1.8%
Security First Bank $750,000 $4,230,000 464.0% 1.5%
First Dakota National Bank $3,115,000 $3,675,000 18.0% 1.3%
Unify Home Lending Inc. $6,075,000 $3,455,000 -43.1% 1.3%
Northern Hills FCU $3,065,000 n/a 1.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,735,000 $2,885,000 66.3% 1.1%
Flagstar Bank, FSB $1,715,000 $2,630,000 53.4% 1.0%
Midwest Bank $2,495,000 n/a 0.9%
The First National Bank in Sioux Falls $1,355,000 $2,435,000 79.7% 0.9%
JPMorgan Chase Bank $2,695,000 $2,410,000 -10.6% 0.9%
Central Bank $2,270,000 n/a 0.8%
Dacotah Bank $3,985,000 $2,220,000 -44.3% 0.8%
First International Bank & Trust $2,245,000 $2,160,000 -3.8% 0.8%
LOANDEPOT.COM, LLC $3,840,000 $1,995,000 -48.0% 0.7%
Security National Bank of South Dakota $305,000 $1,920,000 529.5% 0.7%
Lend Smart Mortgage, LLC $4,225,000 $1,860,000 -56.0% 0.7%
American Bank & Trust $680,000 $1,805,000 165.4% 0.7%
PENNYMAC LOAN SERVICES, LLC $1,860,000 $1,780,000 -4.3% 0.7%
MOVEMENT MORTGAGE, LLC $545,000 $1,700,000 211.9% 0.6%
First Guaranty Mortgage Corporation $1,670,000 n/a 0.6%
The Security National Bank of Sioux City, Iowa $1,670,000 n/a 0.6%
Mortgage Research Center, LLC $4,280,000 $1,545,000 -63.9% 0.6%
Pinnacle Bank - Wyoming $190,000 $1,535,000 707.9% 0.6%
First PREMIER Bank $645,000 $1,525,000 136.4% 0.6%
ANGEL OAK MORTGAGE SOLUTIONS LLC $485,000 $1,520,000 213.4% 0.6%
HIGHMARK $4,455,000 $1,445,000 -67.6% 0.5%
CALIBER HOME LOANS, INC. $165,000 $1,440,000 772.7% 0.5%
Core Bank $1,370,000 n/a 0.5%
Reliabank Dakota $970,000 $1,360,000 40.2% 0.5%
Bremer Bank $1,445,000 $1,325,000 -8.3% 0.5%
Northwest Bank $340,000 $1,290,000 279.4% 0.5%
Choice Financial Group $240,000 $1,270,000 429.2% 0.5%
HOMESTAR FINANCIAL CORPORATION $2,735,000 $1,225,000 -55.2% 0.4%
Gate City Bank $205,000 $1,195,000 482.9% 0.4%
CROSSCOUNTRY MORTGAGE, LLC $425,000 $1,165,000 174.1% 0.4%
Primebank $1,160,000 n/a 0.4%
Farm Credit Mid-America, ACA $960,000 $1,140,000 18.8% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $2,060,000 $1,140,000 -44.7% 0.4%
Great Western Bank $1,145,000 $1,005,000 -12.2% 0.4%
Truist $175,000 $870,000 397.1% 0.3%
Toyota Financial Savings Bank $865,000 n/a 0.3%
BROKER SOLUTIONS, INC. $1,370,000 $840,000 -38.7% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $835,000 n/a 0.3%
Kirkwood Bank & Trust Co. $830,000 n/a 0.3%
Raymond James Bank $825,000 n/a 0.3%
FREEDOM MORTGAGE CORPORATION $4,490,000 $810,000 -82.0% 0.3%
Servion, Inc. $455,000 $790,000 73.6% 0.3%
BMO Harris Bank $75,000 $715,000 853.3% 0.3%
Starion Bank $705,000 n/a 0.3%
Cornerstone Bank $245,000 $700,000 185.7% 0.3%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $855,000 $645,000 -24.6% 0.2%
CITIZENS EQUITY FIRST $645,000 n/a 0.2%
IncredibleBank $645,000 n/a 0.2%
INTERCAP LENDING INC. $645,000 n/a 0.2%
West Gate Bank $720,000 $635,000 -11.8% 0.2%
Flanagan State Bank $625,000 n/a 0.2%
VILLAGE CAPITAL MORTGAGE $625,000 n/a 0.2%
PNC Bank $295,000 $610,000 106.8% 0.2%
Dakota Community Bank & Trust $545,000 $585,000 7.3% 0.2%
Bell Bank $385,000 $560,000 45.5% 0.2%
Points West Community Bank $545,000 n/a 0.2%
GUILD MORTGAGE COMPANY $1,160,000 $535,000 -53.9% 0.2%
First National Bank of Omaha $405,000 $515,000 27.2% 0.2%
IMPAC MORTGAGE CORP. $515,000 n/a 0.2%
First State Bank Nebraska $500,000 n/a 0.2%
OPEN MORTGAGE, LLC $1,490,000 $495,000 -66.8% 0.2%
LAKEVIEW LOAN SERVICING, LLC $800,000 $490,000 -38.8% 0.2%
USAA Federal Savings Bank $1,510,000 $490,000 -67.5% 0.2%
Bank of America $260,000 $475,000 82.7% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $1,300,000 $455,000 -65.0% 0.2%
BAY EQUITY LLC $5,530,000 $440,000 -92.0% 0.2%
CORNHUSKER BANK $435,000 n/a 0.2%
M&T Bank $285,000 $420,000 47.4% 0.2%
BNC National Bank $2,070,000 $405,000 -80.4% 0.1%
Lincoln FSB of Nebraska $405,000 n/a 0.1%
NEW DAY FINANCIAL, LLC $1,335,000 $405,000 -69.7% 0.1%
The Federal Savings Bank $405,000 n/a 0.1%
The Union Bank Company $405,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $400,000 n/a 0.1%
NAVY FEDERAL CREDIT UNION $2,525,000 $360,000 -85.7% 0.1%
Florida Capital Bank $355,000 n/a 0.1%
HOME POINT FINANCIAL CORPORATION $865,000 $345,000 -60.1% 0.1%
AMERICAN ADVISORS GROUP $315,000 $330,000 4.8% 0.1%
NEWREZ LLC $1,530,000 $310,000 -79.7% 0.1%
CU MORTGAGE DIRECT, LLC $1,915,000 $295,000 -84.6% 0.1%
Northpointe Bank $285,000 n/a 0.1%
AMERISAVE MORTGAGE CORPORATION $3,435,000 $280,000 -91.8% 0.1%
First Bank & Trust $3,590,000 $275,000 -92.3% 0.1%
DEEPHAVEN MORTGAGE LLC $265,000 n/a 0.1%
DOMINION FINANCIAL SERVICES, LLC $245,000 n/a 0.1%
EASTMAN $245,000 n/a 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $235,000 n/a 0.1%
City National Bank $225,000 n/a 0.1%
POLARIS HOME FUNDING CORP. $225,000 n/a 0.1%
CHERRY CREEK MORTGAGE, LLC $215,000 n/a 0.1%
GUARANTEED RATE, INC. $220,000 $215,000 -2.3% 0.1%
Frandsen Bank & Trust $205,000 n/a 0.1%
Nations Lending Corporation $115,000 $185,000 60.9% 0.1%
CORTRUST MORTGAGE, INC. $1,010,000 $175,000 -82.7% 0.1%
Goldwater Bank, N.A. $175,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $165,000 n/a 0.1%
21ST MORTGAGE CORPORATION $145,000 n/a 0.1%
TRIAD FINANCIAL SERVICES, INC. $140,000 n/a 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,130,000 $135,000 -93.7% 0.0%
HOMESIDE FINANCIAL, LLC $115,000 n/a 0.0%
Discover Bank $155,000 $90,000 -41.9% 0.0%
Citizens Bank $325,000 $35,000 -89.2% 0.0%

Spearfish's top lender by overall market share is First Interstate Bank, with 11.5% market share. In second place, with 10.3%, is BLACK HILLS FEDERAL CREDIT UNION, having originated $28,110,000 in loans. In third place, with 8.6%, is CMG MORTGAGE, INC., having originated $23,435,000 in loans. In fourth place, with 7.9%, is Pioneer Bank & Trust, having originated $21,680,000 in loans. In fifth place, with 5.4%, is Gateway First Bank, having originated $14,870,000 in loans.


Spearfish Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Spearfish (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $379,000 (26.4%) $418,675 (18.2%) 0.00 206
2018-02-01 $375,000 (17.4%) $416,304 (15.6%) 0.00 213
2018-03-01 $359,900 (10.7%) $410,579 (10.9%) 0.00 216
2018-04-01 $364,200 (8.9%) $409,982 (8.0%) 0.00 216
2018-05-01 $348,000 (7.1%) $397,017 (4.0%) 0.00 236
2018-06-01 $354,450 (7.4%) $398,514 (1.2%) 0.00 246
2018-07-01 $349,900 (4.9%) $396,520 (-3.3%) 0.00 269
2018-08-01 $352,500 (7.9%) $397,832 (-1.4%) 0.00 268
2018-09-01 $364,500 (13.4%) $404,910 (-0.7%) 0.00 262
2018-10-01 $358,500 (7.3%) $411,352 (6.0%) 0.00 243
2018-11-01 $346,075 (-3.8%) $397,111 (2.5%) 0.00 229
2018-12-01 $358,950 (-1.7%) $401,647 (1.0%) 0.00 216
2019-01-01 $351,250 (-7.3%) $401,875 (-3.8%) 0.00 210
2019-02-01 $342,248 (-8.7%) $399,977 (-3.7%) 0.00 214
2019-03-01 $348,143 (-3.3%) $420,799 (2.6%) 0.00 224
2019-04-01 $364,000 (-0.1%) $447,893 (9.3%) 0.00 227
2019-05-01 $392,500 (12.8%) $449,914 (13.3%) 0.00 248
2019-06-01 $417,500 (17.8%) $467,654 (17.3%) 0.00 249
2019-07-01 $404,225 (15.5%) $452,216 (14.0%) 0.00 259
2019-08-01 $411,145 (16.6%) $460,594 (15.7%) 0.00 255
2019-09-01 $430,189 (18.0%) $481,031 (18.7%) 0.00 254
2019-10-01 $445,000 (24.1%) $498,305 (20.9%) 0.00 254
2019-11-01 $437,450 (26.4%) $495,926 (24.6%) 0.00 235
2019-12-01 $429,900 (19.8%) $487,875 (21.2%) 0.00 210
2020-01-01 $421,250 (19.9%) $466,182 (15.8%) 0.00 191
2020-02-01 $425,000 (24.2%) $474,357 (18.2%) 0.00 186
2020-03-01 $434,725 (24.9%) $475,321 (12.6%) 0.00 168
2020-04-01 $409,248 (12.4%) $456,395 (1.8%) 0.00 182
2020-05-01 $398,500 (1.5%) $442,037 (-1.5%) 0.00 196
2020-06-01 $398,625 (-4.5%) $457,569 (-2.2%) 0.00 199
2020-07-01 $419,975 (3.9%) $464,833 (2.7%) 0.00 191
2020-08-01 $394,500 (-4.1%) $424,991 (-7.7%) 0.00 179
2020-09-01 $385,350 (-10.4%) $430,063 (-10.6%) 0.00 142
2020-10-01 $383,250 (-13.9%) $434,483 (-12.8%) 0.00 111
2020-11-01 $394,375 (-9.9%) $446,156 (-10.1%) 0.00 107
2020-12-01 $409,500 (-4.8%) $452,383 (-7.3%) 0.00 96
2021-01-01 $375,000 (-11.0%) $431,177 (-7.5%) 0.00 88
2021-02-01 $357,625 (-15.9%) $439,055 (-7.3%) 0.00 67
2021-03-01 $441,500 (1.6%) $470,586 (-0.9%) 0.00 68
2021-04-01 $525,000 (28.3%) $514,126 (13.1%) 0.00 70
2021-05-01 $475,000 (19.2%) $560,905 (26.5%) 0.00 82
2021-06-01 $500,000 (25.4%) $620,472 (35.7%) 0.00 87
2021-07-01 $495,000 (17.9%) $637,388 (37.0%) 0.00 97
2021-08-01 $499,450 (26.6%) $624,924 (46.9%) 0.00 109
2021-09-01 $480,950 (24.8%) $599,523 (39.4%) 0.00 90
2021-10-01 $449,925 (17.4%) $572,453 (31.9%) 0.00 93
2021-11-01 $475,750 (20.6%) $661,054 (48.4%) 0.00 84
2021-12-01 $525,500 (28.3%) $676,239 (49.6%) 0.00 73
2022-01-01 $599,900 (60.0%) $787,917 (80.7%) 0.00 61
2022-02-01 $640,250 (79.0%) $745,868 (70.7%) 0.00 63
2022-03-01 $649,750 (47.2%) $736,917 (57.2%) 0.00 78
2022-04-01 $740,000 (41.0%) $790,702 (54.7%) 0.00 105
2022-05-01 $753,000 (58.5%) $873,258 (55.9%) 0.00 85
2022-06-01 $776,000 (55.2%) $862,642 (39.2%) 0.00 93
2022-07-01 $675,000 (36.4%) $838,274 (31.9%) 0.00 122
2022-08-01 $649,700 (30.1%) $823,756 (32.2%) 0.00 141
2022-09-01 $655,500 (36.3%) $826,803 (38.1%) 0.00 136
2022-10-01 $659,000 (46.5%) $869,532 (50.1%) 0.00 131
2022-11-01 $737,000 (54.9%) $897,178 (34.2%) 0.00 111
2022-12-01 $629,000 (19.7%) $836,804 (23.1%) 0.00 120
2023-01-01 $599,500 (-0.1%) $794,615 (1.3%) 0.00 115
2023-02-01 $659,500 (3.0%) $850,391 (12.8%) 0.00 114
2023-03-01 $696,825 (7.3%) $853,240 (15.2%) 0.00 107
2023-04-01 $672,000 (-9.2%) $864,264 (8.4%) 0.00 113
2023-05-01 $799,000 (6.1%) $892,940 (2.1%) 0.00 127
2023-06-01 $797,000 (2.7%) $892,496 (3.3%) 0.00 142
2023-07-01 $789,000 (16.9%) $856,943 (2.1%) 0.00 156
2023-08-01 $799,450 (23.1%) $897,417 (8.8%) 0.00 153
2023-09-01 $805,000 (22.8%) $895,056 (8.2%) 0.00 151
2023-10-01 $837,000 (27.0%) $891,381 (3.8%) 0.00 140
2023-11-01 $857,450 (16.3%) $886,710 (0.0%) 0.00 128
2023-12-01 $827,000 (31.5%) $905,556 (0.0%) 0.00 121
Spearfish's median listing price for 2023-12-01 was $827,000, a difference of $198,000 (31.5%) versus the prior year and $-30,450 versus the prior month.

Spearfish's median listing price comes in at 0% of the national average.

Spearfish's average listing price for 2023-12-01 was $905,556, a difference of $68,752 (0.0%) versus the prior year and $18,846 versus the prior month.

For the 2023-12-01 period, Spearfish had 121 MLS listings, a difference of -7 listings (-5%) versus the prior month and 1 listings (1%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Spearfish (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,420 sqft
2018-02-01 0 days 2,386 sqft
2018-03-01 0 days 2,464 sqft
2018-04-01 0 days 2,543 sqft
2018-05-01 0 days 2,434 sqft
2018-06-01 0 days 2,418 sqft
2018-07-01 0 days 2,513 sqft
2018-08-01 0 days 2,496 sqft
2018-09-01 0 days 2,527 sqft
2018-10-01 0 days 2,592 sqft
2018-11-01 0 days 2,596 sqft
2018-12-01 0 days 2,607 sqft
2019-01-01 0 days 2,532 sqft
2019-02-01 0 days 2,516 sqft
2019-03-01 0 days 2,526 sqft
2019-04-01 0 days 2,561 sqft
2019-05-01 0 days 2,551 sqft
2019-06-01 0 days 2,656 sqft
2019-07-01 0 days 2,605 sqft
2019-08-01 0 days 2,607 sqft
2019-09-01 0 days 2,677 sqft
2019-10-01 0 days 2,741 sqft
2019-11-01 0 days 2,712 sqft
2019-12-01 0 days 2,741 sqft
2020-01-01 0 days 2,700 sqft
2020-02-01 0 days 2,706 sqft
2020-03-01 0 days 2,693 sqft
2020-04-01 0 days 2,442 sqft
2020-05-01 0 days 2,368 sqft
2020-06-01 0 days 2,403 sqft
2020-07-01 0 days 2,492 sqft
2020-08-01 0 days 2,270 sqft
2020-09-01 0 days 2,197 sqft
2020-10-01 0 days 2,133 sqft
2020-11-01 0 days 2,165 sqft
2020-12-01 0 days 2,050 sqft
2021-01-01 0 days 1,977 sqft
2021-02-01 0 days 1,977 sqft
2021-03-01 0 days 1,977 sqft
2021-04-01 0 days 2,182 sqft
2021-05-01 0 days 2,158 sqft
2021-06-01 0 days 2,052 sqft
2021-07-01 0 days 2,158 sqft
2021-08-01 0 days 2,343 sqft
2021-09-01 0 days 2,205 sqft
2021-10-01 0 days 2,119 sqft
2021-11-01 0 days 2,298 sqft
2021-12-01 0 days 2,447 sqft
2022-01-01 0 days 2,633 sqft
2022-02-01 0 days 2,666 sqft
2022-03-01 0 days 2,541 sqft
2022-04-01 0 days 2,372 sqft
2022-05-01 0 days 2,530 sqft
2022-06-01 0 days 2,583 sqft
2022-07-01 0 days 2,588 sqft
2022-08-01 0 days 2,473 sqft
2022-09-01 0 days 2,423 sqft
2022-10-01 0 days 2,407 sqft
2022-11-01 0 days 2,473 sqft
2022-12-01 0 days 2,304 sqft
2023-01-01 0 days 2,312 sqft
2023-02-01 0 days 2,371 sqft
2023-03-01 0 days 2,363 sqft
2023-04-01 0 days 2,427 sqft
2023-05-01 0 days 2,669 sqft
2023-06-01 0 days 2,617 sqft
2023-07-01 0 days 2,430 sqft
2023-08-01 0 days 2,625 sqft
2023-09-01 0 days 2,665 sqft
2023-10-01 0 days 2,724 sqft
2023-11-01 0 days 2,791 sqft
2023-12-01 0 days 2,753 sqft
Spearfish's median listing age (time on market) for 2023-12-01 was 0 days.

Spearfish's median square footage for active listings during the 2023-12-01 period was 2,753 sqft. One year prior, the average listing was 2,304 sqft.

Spearfish, SD Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 523 $195,665,000 $374,120
Cash Out Refi 138 $35,910,000 $260,217
Refi 94 $23,190,000 $246,702
Home Improvement 77 $9,615,000 $124,870
Other 48 $9,260,000 $192,917

Spearfish's most frequently cited loan purpose was Home Purchase, with 523 originations. The 2nd most popular reason was Cash Out Refi, with 138 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 190 $60,540,000 $318,632
4-5% 176 $63,860,000 $362,841
5-6% 161 $51,215,000 $318,106
6-7% 93 $28,865,000 $310,376
2.5-3% 46 $15,020,000 $326,522
7-8% 30 $5,080,000 $169,333
Over 8% 18 $2,290,000 $127,222
<2.5% 17 $3,115,000 $183,235

During 2022, Spearfish's most frequently originated rate bucket was 3-4%, with 190 originations.

Loan Sizing (Spearfish, SD MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 302 $84,800,000 $280,795
$100k-200k 200 $30,270,000 $151,350
$100,000 or less 141 $7,625,000 $54,078
$400k-600k 137 $66,535,000 $485,657
$600k-1000k 78 $56,490,000 $724,231
$Over $1MM 22 $27,920,000 $1,269,091

Spearfish's loan sizing saw the bucket of loans from $200k-400k with 302 originations, totaling $84,800,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 253 $104,325,000 $412,352
80-100% 201 $73,745,000 $366,891
40-60% 114 $30,910,000 $271,140
20-40% 78 $13,220,000 $169,487
Under 20% 72 $3,890,000 $54,028
Over 100% 9 $2,845,000 $316,111

Spearfish's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 253 originations, totaling $104,325,000 in origination value.