Spearfish Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Spearfish averaged 6.92% for the week of 2025-04-10, compared to the national average of 6.62% for the same period.

    The average rate for the prior week (2025-04-03) was 6.94% and one month ago for the week of 2025-03-06, the average rate was 6.63%.

    Spearfish's average rate one year ago was 7.12%.

    For refis of the same type during the week of 2025-04-10, the average rate was 7.02%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-10 6.62%
    Spearfish 30 Year Fixed Rate 2025-04-10 6.92%
    Spearfish 30 Year Fixed Rate Refi 2025-04-10 7.02%
    Spearfish 15 Year Fixed Rate 2025-04-10 6.02%
    Spearfish 15 Year Fixed Rate Refi 2025-04-10 5.82%
    Spearfish 30 Year FHA 2025-04-10 6.43%
    Spearfish 30 Year FHA Refi 2025-04-10 6.33%
    Spearfish 30 Year USDA 2025-04-10 6.65%
    Spearfish 30 Year USDA Refi 2025-04-10 6.25%
    Spearfish 30 Year VA 2025-04-10 6.29%
    Spearfish 30 Year VA Refi 2025-04-10 6.49%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    CMG MORTGAGE, INC. 23 6.83% $7,517
    BLACK HILLS FEDERAL CREDIT UNION 18 6.30% $6,959
    QUICKEN LOANS, LLC 16 6.62% $9,142
    UNITED WHOLESALE MORTGAGE, LLC 12 7.01% $7,240
    Plains Commerce Bank 9 6.78% $8,160
    Granite Community Bank 9 6.88% $2,947
    Gateway First Bank 8 6.47% $3,974
    Century Mortgage Company DBA Century Lending Company 7 6.64% $10,273
    First Interstate Bank 5 6.88% $4,807
    BANKWEST, INC. 4 6.63% $5,533
    Dacotah Bank 4 6.63% $7,841
    Wells Fargo Bank 3 6.71% $6,296
    BROKER SOLUTIONS, INC. 3 7.08% $13,676
    U.S. Bank 3 6.79% $1,483
    Central Bank 3 6.67% $7,548
    NBKC BANK 2 7.06% $3,398
    Servion, Inc. 2 7.50% $5,343
    Flagstar Bank, FSB 2 7.75% $4,839
    UNION HOME MORTGAGE CORP. 2 6.81% $5,409
    American Bank & Trust 2 6.44% $7,712
    GUARANTEED RATE, INC. 2 6.59% $5,232
    First PREMIER Bank 2 6.69% $4,085
    Paramount Residential Mortgage Group, Inc. 1 8.13% $4,628
    PENNYMAC LOAN SERVICES, LLC 1 7.25% $11,107
    S1L, Inc. 1 6.38% $20,934
    A&D Mortgage LLC 1 7.99% $7,643
    The Huntington National Bank 1 6.38% $4,956
    SeaTrust Mortgage Company 1 7.38% $3,368
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.50% $7,868
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.88% $25,103
    AMERISAVE MORTGAGE CORPORATION 1 6.50% $7,581
    Bank of America 1 6.13% $4,017
    Barrington Bank & Trust Company, N.A. 1 7.38% $2,676
    BAY EQUITY LLC 1 6.49% $7,862
    CAPITAL CREDIT UNION 1 6.25% $10,959
    CARDINAL FINANCIAL 1 7.63% $16,599
    CORTRUST MORTGAGE, INC. 1 6.75% $6,893
    Dakota Community Bank & Trust 1 6.25% $4,800
    DAS Acquisition Company, LLC 1 6.99% $3,441
    Farm Credit Mid-America, ACA 1 6.88% $12,280
    First Bank & Trust 1 7.75% $16,004
    First Dakota National Bank 1 6.25% $2,908
    First Western Bank & Trust 1 6.63% $7,552
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.99% $2,534
    GUILD MORTGAGE COMPANY 1 7.25% $7,691
    IOWA BANKERS MORTGAGE CORPORATION 1 6.88% $2,516
    Morgan Stanley Private Bank 1 5.90% $3,267
    Mortgage Research Center, LLC 1 6.50% $7,737
    Northwest Bank 1 7.75% $9,940

    Spearfish Average Closing Costs & Other Stats

    Spearfish, SD's 49 lenders originated 587 loans during 2024. The total origination value was $182,825,000, with an average loan value of $311,457.

    Spearfish's average closing costs are $5,449.

    The top Spearfish lender as defined by loan originations is CMG MORTGAGE, INC., with 23 loans originated. Their average total fees are $7,517, which is $558 higher than the next largest lender, BLACK HILLS FEDERAL CREDIT UNION.

    The lowest fee Spearfish lenders (with over 10 loans originated) are BLACK HILLS FEDERAL CREDIT UNION ($6,959), UNITED WHOLESALE MORTGAGE, LLC ($7,240), CMG MORTGAGE, INC. ($7,517), QUICKEN LOANS, LLC ($9,142) and .

    The lowest rate Spearfish lenders (with over 10 loans originated) are BLACK HILLS FEDERAL CREDIT UNION (6.30%), QUICKEN LOANS, LLC (6.62%), CMG MORTGAGE, INC. (6.83%), UNITED WHOLESALE MORTGAGE, LLC (7.01%) and .

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    BLACK HILLS FEDERAL CREDIT UNION $18,035,000 $20,550,000 13.9% 11.2%
    Pioneer Bank & Trust $9,920,000 $18,475,000 86.2% 10.1%
    CMG MORTGAGE, INC. $17,950,000 $15,125,000 -15.7% 8.3%
    UNITED WHOLESALE MORTGAGE, LLC $5,305,000 $11,340,000 113.8% 6.2%
    First Interstate Bank $9,790,000 $11,335,000 15.8% 6.2%
    QUICKEN LOANS, LLC $5,625,000 $8,575,000 52.4% 4.7%
    Black Hills Community Bank $9,255,000 $7,395,000 -20.1% 4.0%
    Plains Commerce Bank $8,145,000 $5,245,000 -35.6% 2.9%
    Dacotah Bank $3,860,000 $4,630,000 19.9% 2.5%
    Century Mortgage Company DBA Century Lending Company $625,000 $4,050,000 548.0% 2.2%
    Gateway First Bank $3,490,000 $3,615,000 3.6% 2.0%
    Granite Community Bank $3,580,000 n/a 2.0%
    Central Bank $800,000 $3,420,000 327.5% 1.9%
    BANKWEST, INC. $2,805,000 $3,360,000 19.8% 1.8%
    PENNYMAC LOAN SERVICES, LLC $3,620,000 $3,060,000 -15.5% 1.7%
    First National Bank $3,855,000 $2,940,000 -23.7% 1.6%
    Farm Credit Mid-America, ACA $1,695,000 $2,445,000 44.2% 1.3%
    NBKC BANK $2,415,000 n/a 1.3%
    U.S. Bank $4,935,000 $2,215,000 -55.1% 1.2%
    First Bank & Trust $4,250,000 $2,160,000 -49.2% 1.2%
    AgCountry Farm Credit Services, FLCA $1,930,000 n/a 1.1%
    Mortgage Research Center, LLC $610,000 $1,865,000 205.7% 1.0%
    BROKER SOLUTIONS, INC. $305,000 $1,645,000 439.3% 0.9%
    Flagstar Bank, FSB $840,000 $1,420,000 69.0% 0.8%
    SENTINEL FEDERAL CREDIT UNION $1,405,000 n/a 0.8%
    GUARANTEED RATE, INC. $185,000 $1,350,000 629.7% 0.7%
    Dakota Community Bank & Trust $550,000 $1,315,000 139.1% 0.7%
    CARDINAL FINANCIAL $1,300,000 n/a 0.7%
    Northern Hills FCU $3,835,000 $1,280,000 -66.6% 0.7%
    American Bank & Trust $4,040,000 $1,195,000 -70.4% 0.7%
    Midwest Bank $3,900,000 $1,195,000 -69.4% 0.7%
    HIGHMARK $1,270,000 $1,135,000 -10.6% 0.6%
    FREEDOM MORTGAGE CORPORATION $1,000,000 n/a 0.5%
    LAKEVIEW LOAN SERVICING, LLC $910,000 n/a 0.5%
    LOANDEPOT.COM, LLC $155,000 $910,000 487.1% 0.5%
    NEWREZ LLC $385,000 $890,000 131.2% 0.5%
    AMERISAVE MORTGAGE CORPORATION $175,000 $845,000 382.9% 0.5%
    BankFirst $855,000 $845,000 -1.2% 0.5%
    First PREMIER Bank $275,000 $835,000 203.6% 0.5%
    GUILD MORTGAGE COMPANY $345,000 $820,000 137.7% 0.4%
    CorTrust Bank $75,000 $805,000 973.3% 0.4%
    Peoples Bank $805,000 n/a 0.4%
    Northwest Bank $765,000 n/a 0.4%
    Wells Fargo Bank $1,335,000 $765,000 -42.7% 0.4%
    AMERICAN PACIFIC MORTGAGE CORPORATION $985,000 $735,000 -25.4% 0.4%
    CAPITAL CREDIT UNION $725,000 n/a 0.4%
    Morgan Stanley Private Bank $725,000 n/a 0.4%
    UNION HOME MORTGAGE CORP. $710,000 n/a 0.4%
    IOWA BANKERS MORTGAGE CORPORATION $705,000 n/a 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $810,000 $685,000 -15.4% 0.4%
    Pinnacle Bank $685,000 n/a 0.4%
    S1L, Inc. $655,000 n/a 0.4%
    BAY EQUITY LLC $125,000 $585,000 368.0% 0.3%
    JPMorgan Chase Bank $1,925,000 $585,000 -69.6% 0.3%
    VOYAGE FEDERAL CREDIT UNION $575,000 n/a 0.3%
    USAA Federal Savings Bank $2,195,000 $570,000 -74.0% 0.3%
    CORNERSTONE HOME LENDING, INC. $555,000 n/a 0.3%
    Union State Bank of Fargo $545,000 n/a 0.3%
    The Federal Savings Bank $525,000 n/a 0.3%
    First Dakota National Bank $2,180,000 $490,000 -77.5% 0.3%
    First Western Bank & Trust $720,000 $485,000 -32.6% 0.3%
    LEADERONE FINANCIAL CORPORATION $455,000 n/a 0.2%
    American Airlines Federal Credit Union $425,000 n/a 0.2%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $425,000 n/a 0.2%
    CORTRUST MORTGAGE, INC. $990,000 $415,000 -58.1% 0.2%
    Servion, Inc. $465,000 $390,000 -16.1% 0.2%
    Bank of America $175,000 $375,000 114.3% 0.2%
    Western State Bank $375,000 n/a 0.2%
    Carrington Mortgage Services, LLC $570,000 $365,000 -36.0% 0.2%
    Barrington Bank & Trust Company, N.A. $205,000 $325,000 58.5% 0.2%
    Farmers Bank & Trust $315,000 n/a 0.2%
    First Federal Bank $315,000 n/a 0.2%
    SERVICE FIRST FEDERAL CREDIT UNION $245,000 n/a 0.1%
    Citizens Bank $205,000 $235,000 14.6% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $235,000 n/a 0.1%
    A&D Mortgage LLC $315,000 $205,000 -34.9% 0.1%
    First United Bank and Trust Company $205,000 n/a 0.1%
    WINGS FINANCIAL $205,000 n/a 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $195,000 n/a 0.1%
    Discover Bank $85,000 $195,000 129.4% 0.1%
    Paramount Residential Mortgage Group, Inc. $175,000 n/a 0.1%
    DAS Acquisition Company, LLC $235,000 $165,000 -29.8% 0.1%
    SeaTrust Mortgage Company $165,000 n/a 0.1%
    The Huntington National Bank $165,000 n/a 0.1%
    SIOUX FALLS $155,000 $150,000 -3.2% 0.1%
    Northpointe Bank $625,000 $145,000 -76.8% 0.1%
    QUORUM FEDERAL CREDIT UNION $145,000 n/a 0.1%
    Reliabank Dakota $980,000 $145,000 -85.2% 0.1%
    NAVY FEDERAL CREDIT UNION $1,095,000 $140,000 -87.2% 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $915,000 $125,000 -86.3% 0.1%
    Security National Bank of South Dakota $125,000 n/a 0.1%
    Five Points Bank $105,000 n/a 0.1%
    Coastal Community Bank $155,000 $85,000 -45.2% 0.0%
    First Nebraska Bank $85,000 n/a 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $160,000 $85,000 -46.9% 0.0%
    The First National Bank in Sioux Falls $1,710,000 $85,000 -95.0% 0.0%
    PENTAGON FEDERAL CREDIT UNION $75,000 n/a 0.0%
    Rivers Edge Bank $105,000 $65,000 -38.1% 0.0%
    Security First Bank $685,000 $65,000 -90.5% 0.0%
    Figure Lending LLC $175,000 $45,000 -74.3% 0.0%
    Bethpage Federal Credit Union $35,000 n/a 0.0%
    FINANCE OF AMERICA REVERSE LLC $125,000 $15,000 -88.0% 0.0%

    Spearfish's top lender by overall market share is BLACK HILLS FEDERAL CREDIT UNION, with 11.2% market share. In second place, with 10.1%, is Pioneer Bank & Trust, having originated $18,475,000 in loans. In third place, with 8.3%, is CMG MORTGAGE, INC., having originated $15,125,000 in loans. In fourth place, with 6.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $11,340,000 in loans. In fifth place, with 6.2%, is First Interstate Bank, having originated $11,335,000 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 (18.0%) 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 (10.8%) 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 (-3.4%) 0.00 269
    2018-08-01 $352,500 (7.9%) $397,832 (-1.5%) 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 (5.8%) 0.00 243
    2018-11-01 $346,075 (-3.8%) $397,111 (2.3%) 0.00 229
    2018-12-01 $358,950 (-1.7%) $401,647 (0.9%) 0.00 216
    2019-01-01 $351,250 (-7.3%) $401,875 (-4.0%) 0.00 210
    2019-02-01 $342,248 (-8.7%) $399,977 (-3.9%) 0.00 214
    2019-03-01 $348,143 (-3.3%) $420,799 (2.5%) 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 (17.4%) 0.00 249
    2019-07-01 $404,225 (15.5%) $452,216 (14.1%) 0.00 259
    2019-08-01 $411,145 (16.6%) $460,594 (15.8%) 0.00 255
    2019-09-01 $430,189 (18.0%) $481,031 (18.8%) 0.00 254
    2019-10-01 $445,000 (24.1%) $498,305 (21.1%) 0.00 254
    2019-11-01 $437,450 (26.4%) $495,926 (24.9%) 0.00 235
    2019-12-01 $429,900 (19.8%) $487,875 (21.5%) 0.00 210
    2020-01-01 $421,250 (19.9%) $466,182 (16.0%) 0.00 191
    2020-02-01 $425,000 (24.2%) $473,738 (18.4%) 0.00 188
    2020-03-01 $431,000 (23.8%) $474,621 (12.8%) 0.00 170
    2020-04-01 $409,993 (12.6%) $455,949 (1.8%) 0.00 184
    2020-05-01 $399,000 (1.7%) $441,770 (-1.8%) 0.00 198
    2020-06-01 $399,600 (-4.3%) $457,146 (-2.3%) 0.00 201
    2020-07-01 $419,975 (3.9%) $464,338 (2.7%) 0.00 193
    2020-08-01 $395,000 (-3.9%) $424,885 (-7.8%) 0.00 181
    2020-09-01 $389,000 (-9.6%) $429,850 (-10.6%) 0.00 144
    2020-10-01 $389,000 (-12.6%) $434,174 (-12.9%) 0.00 113
    2020-11-01 $397,100 (-9.2%) $445,606 (-10.2%) 0.00 109
    2020-12-01 $412,000 (-4.2%) $452,015 (-7.4%) 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 (2.4%) $470,586 (-0.9%) 0.00 68
    2021-04-01 $525,000 (28.1%) $514,126 (12.8%) 0.00 70
    2021-05-01 $475,000 (19.1%) $560,905 (27.0%) 0.00 82
    2021-06-01 $500,000 (25.1%) $620,472 (35.7%) 0.00 87
    2021-07-01 $495,000 (17.9%) $637,388 (37.3%) 0.00 97
    2021-08-01 $499,450 (26.4%) $624,924 (47.1%) 0.00 109
    2021-09-01 $480,950 (23.6%) $599,523 (39.5%) 0.00 90
    2021-10-01 $449,925 (15.7%) $572,453 (31.9%) 0.00 93
    2021-11-01 $475,750 (19.8%) $661,054 (48.4%) 0.00 84
    2021-12-01 $525,500 (27.6%) $676,239 (49.6%) 0.00 73
    2022-01-01 $599,900 (60.0%) $787,917 (82.7%) 0.00 62
    2022-02-01 $652,750 (82.5%) $749,445 (70.7%) 0.00 64
    2022-03-01 $657,000 (48.8%) $739,912 (57.2%) 0.00 79
    2022-04-01 $740,000 (41.0%) $792,564 (54.2%) 0.00 106
    2022-05-01 $779,000 (64.0%) $874,415 (55.9%) 0.00 86
    2022-06-01 $778,000 (55.6%) $863,774 (39.2%) 0.00 94
    2022-07-01 $687,000 (38.8%) $839,287 (31.7%) 0.00 123
    2022-08-01 $649,950 (30.1%) $824,806 (32.0%) 0.00 142
    2022-09-01 $655,500 (36.3%) $827,318 (38.0%) 0.00 137
    2022-10-01 $659,000 (46.5%) $869,532 (51.9%) 0.00 131
    2022-11-01 $737,000 (54.9%) $897,178 (35.7%) 0.00 111
    2022-12-01 $629,000 (19.7%) $836,804 (23.7%) 0.00 120
    2023-01-01 $599,500 (-0.1%) $794,615 (0.9%) 0.00 115
    2023-02-01 $659,500 (1.0%) $850,391 (13.5%) 0.00 114
    2023-03-01 $696,825 (6.1%) $853,240 (15.3%) 0.00 107
    2023-04-01 $672,000 (-9.2%) $864,264 (9.1%) 0.00 113
    2023-05-01 $799,000 (2.6%) $892,940 (2.1%) 0.00 127
    2023-06-01 $797,000 (2.4%) $892,496 (3.3%) 0.00 142
    2023-07-01 $789,000 (14.9%) $856,943 (2.1%) 0.00 156
    2023-08-01 $799,450 (23.0%) $897,272 (8.8%) 0.00 153
    2023-09-01 $805,000 (22.8%) $895,056 (8.2%) 0.00 151
    2023-10-01 $843,225 (28.0%) $896,459 (3.1%) 0.00 141
    2023-11-01 $861,225 (16.9%) $896,215 (-0.1%) 0.00 129
    2023-12-01 $849,000 (35.0%) $917,080 (9.6%) 0.00 122
    2024-01-01 $838,250 (39.8%) $895,641 (12.7%) 0.00 115
    2024-02-01 $803,725 (21.9%) $883,266 (3.9%) 0.00 114
    2024-03-01 $829,000 (19.0%) $904,055 (6.0%) 0.00 134
    2024-04-01 $841,875 (25.3%) $932,193 (7.9%) 0.00 154
    2024-05-01 $812,000 (1.6%) $891,536 (-0.2%) 0.00 176
    2024-06-01 $838,250 (5.2%) $913,685 (2.4%) 0.00 186
    2024-07-01 $824,500 (4.5%) $915,100 (6.8%) 0.00 215
    2024-08-01 $808,000 (1.1%) $928,020 (3.4%) 0.00 217
    2024-09-01 $799,450 (-0.7%) $943,386 (5.4%) 0.00 219
    2024-10-01 $786,750 (-6.7%) $912,814 (1.8%) 0.00 218
    2024-11-01 $785,500 (-8.8%) $923,870 (3.1%) 0.00 217
    2024-12-01 $791,000 (-6.8%) $928,775 (1.3%) 0.00 188
    2025-01-01 $801,250 (-4.4%) $941,514 (5.1%) 0.00 164
    2025-02-01 $825,750 (2.7%) $936,550 (6.0%) 0.00 164
    2025-03-01 $864,000 (4.2%) $938,493 (3.8%) 0.00 167
    Spearfish's median listing price for 2025-03-01 was $864,000, a difference of $35,000 (4.2%) versus the prior year and $38,250 versus the prior month.

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

    Spearfish's average listing price for 2025-03-01 was $938,493, a difference of $34,438 (3.8%) versus the prior year and $1,943 versus the prior month.

    For the 2025-03-01 period, Spearfish had 167 MLS listings, a difference of 3 listings (2%) versus the prior month and 33 listings (25%) 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 2,376 sqft
    2018-02-01 0 days 2,380 sqft
    2018-03-01 0 days 2,450 sqft
    2018-04-01 0 days 2,535 sqft
    2018-05-01 0 days 2,419 sqft
    2018-06-01 0 days 2,409 sqft
    2018-07-01 0 days 2,508 sqft
    2018-08-01 0 days 2,495 sqft
    2018-09-01 0 days 2,512 sqft
    2018-10-01 0 days 2,576 sqft
    2018-11-01 0 days 2,576 sqft
    2018-12-01 0 days 2,600 sqft
    2019-01-01 0 days 2,526 sqft
    2019-02-01 0 days 2,508 sqft
    2019-03-01 0 days 2,524 sqft
    2019-04-01 0 days 2,561 sqft
    2019-05-01 0 days 2,548 sqft
    2019-06-01 0 days 2,645 sqft
    2019-07-01 0 days 2,600 sqft
    2019-08-01 0 days 2,607 sqft
    2019-09-01 0 days 2,677 sqft
    2019-10-01 0 days 2,736 sqft
    2019-11-01 0 days 2,712 sqft
    2019-12-01 0 days 2,726 sqft
    2020-01-01 0 days 2,670 sqft
    2020-02-01 0 days 2,700 sqft
    2020-03-01 0 days 2,651 sqft
    2020-04-01 0 days 2,417 sqft
    2020-05-01 0 days 2,346 sqft
    2020-06-01 0 days 2,386 sqft
    2020-07-01 0 days 2,442 sqft
    2020-08-01 0 days 2,260 sqft
    2020-09-01 0 days 2,186 sqft
    2020-10-01 0 days 2,082 sqft
    2020-11-01 0 days 2,098 sqft
    2020-12-01 0 days 2,028 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 2,144 sqft
    2021-05-01 0 days 2,157 sqft
    2021-06-01 0 days 2,021 sqft
    2021-07-01 0 days 2,089 sqft
    2021-08-01 0 days 2,301 sqft
    2021-09-01 0 days 2,170 sqft
    2021-10-01 0 days 2,104 sqft
    2021-11-01 0 days 2,257 sqft
    2021-12-01 0 days 2,420 sqft
    2022-01-01 0 days 2,586 sqft
    2022-02-01 0 days 2,642 sqft
    2022-03-01 0 days 2,515 sqft
    2022-04-01 0 days 2,392 sqft
    2022-05-01 0 days 2,515 sqft
    2022-06-01 0 days 2,574 sqft
    2022-07-01 0 days 2,579 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 2,649 sqft
    2023-09-01 0 days 2,665 sqft
    2023-10-01 0 days 2,738 sqft
    2023-11-01 0 days 2,794 sqft
    2023-12-01 0 days 2,753 sqft
    2024-01-01 0 days 2,555 sqft
    2024-02-01 0 days 2,367 sqft
    2024-03-01 0 days 2,583 sqft
    2024-04-01 0 days 2,738 sqft
    2024-05-01 0 days 2,742 sqft
    2024-06-01 0 days 2,818 sqft
    2024-07-01 0 days 2,817 sqft
    2024-08-01 0 days 2,656 sqft
    2024-09-01 0 days 2,551 sqft
    2024-10-01 0 days 2,520 sqft
    2024-11-01 0 days 2,580 sqft
    2024-12-01 0 days 2,656 sqft
    2025-01-01 0 days 2,686 sqft
    2025-02-01 0 days 2,691 sqft
    2025-03-01 0 days 2,752 sqft
    Spearfish's median listing age (time on market) for 2025-03-01 was 0 days.

    Spearfish's median square footage for active listings during the 2025-03-01 period was 2,752 sqft. One year prior, the average listing was 2,583 sqft.

    Spearfish, SD Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 319 $127,885,000 $400,893
    Refi 83 $24,955,000 $300,663
    Home Improvement 70 $8,850,000 $126,429
    Cash Out Refi 59 $14,115,000 $239,237
    Other 56 $7,020,000 $125,357

    Spearfish's most frequently cited loan purpose was Home Purchase, with 319 originations. The 2nd most popular reason was Refi, with 83 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 163 $64,485,000 $395,613
    Over 8% 141 $18,625,000 $132,092
    7-8% 107 $35,125,000 $328,271
    5-6% 52 $20,830,000 $400,577
    4-5% 5 $4,925,000 $985,000
    <2.5% 4 $200,000 $50,000
    2.5-3% 1 $25,000 $25,000

    During 2024, Spearfish's most frequently originated rate bucket was 6-7%, with 163 originations.

    Loan Sizing (Spearfish, SD MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 187 $54,005,000 $288,797
    $100,000 or less 126 $7,290,000 $57,857
    $100k-200k 113 $16,055,000 $142,080
    $400k-600k 90 $43,690,000 $485,444
    $600k-1000k 56 $40,410,000 $721,607
    $Over $1MM 15 $21,375,000 $1,425,000

    Spearfish's loan sizing saw the bucket of loans from $200k-400k with 187 originations, totaling $54,005,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 133 $51,125,000 $384,398
    20-40% 95 $19,375,000 $203,947
    60-80% 91 $45,325,000 $498,077
    Under 20% 86 $6,060,000 $70,465
    40-60% 59 $18,845,000 $319,407
    Over 100% 7 $3,335,000 $476,429

    Spearfish's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 133 originations, totaling $51,125,000 in origination value.