Spearfish Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Spearfish averaged 6.7% for the week of 2025-03-27, compared to the national average of 6.65% for the same period.

    The average rate for the prior week (2025-03-20) was 6.52% and one month ago for the week of 2025-02-20, the average rate was 6.9%.

    Spearfish's average rate one year ago was 6.82%.

    For refis of the same type during the week of 2025-03-27, the average rate was 6.75%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-03-27 6.65%
    Spearfish 30 Year Fixed Rate 2025-03-27 6.7%
    Spearfish 30 Year Fixed Rate Refi 2025-03-27 6.75%
    Spearfish 15 Year Fixed Rate 2025-03-27 5.69%
    Spearfish 15 Year Fixed Rate Refi 2025-03-27 6.19%
    Spearfish 30 Year FHA 2025-03-27 6.57%
    Spearfish 30 Year FHA Refi 2025-03-27 6.27%
    Spearfish 30 Year USDA 2025-03-27 6.4%
    Spearfish 30 Year USDA Refi 2025-03-27 6.5%
    Spearfish 30 Year VA 2025-03-27 5.99%
    Spearfish 30 Year VA Refi 2025-03-27 6.29%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CMG MORTGAGE, INC. 34 6.57% $6,290
    BLACK HILLS FEDERAL CREDIT UNION 18 6.23% $7,242
    UNITED WHOLESALE MORTGAGE, LLC 11 7.14% $5,607
    First National Bank 10 6.89% $4,401
    QUICKEN LOANS, LLC 10 6.66% $7,508
    First Interstate Bank 9 6.50% $5,560
    Plains Commerce Bank 8 6.83% $8,964
    Unify Home Lending Inc. 8 6.81% $7,069
    Gateway First Bank 5 6.90% $3,640
    First Bank & Trust 5 6.12% $10,752
    Dacotah Bank 4 6.56% $6,288
    U.S. Bank 4 7.06% $6,602
    USAA Federal Savings Bank 3 7.21% $3,957
    BANKWEST, INC. 3 6.63% $5,219
    Wells Fargo Bank 3 5.67% $6,987
    NAVY FEDERAL CREDIT UNION 3 6.04% $2,103
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.88% $9,163
    BETTER MORTGAGE CORPORATION 2 6.50% $6,870
    FIRST COMMUNITY MORTGAGE, INC. 2 7.06% $6,798
    First Dakota National Bank 2 6.75% $5,169
    Farm Credit Mid-America, ACA 2 7.63% $8,562
    JPMorgan Chase Bank 2 7.06% $9,909
    CORTRUST MORTGAGE, INC. 2 6.44% $8,506
    NATIONS RELIABLE LENDING, LLC 1 5.99% $12,710
    Northpointe Bank 1 6.75% $19,947
    OPEN MORTGAGE, LLC 1 5.88% $4,678
    PENNYMAC LOAN SERVICES, LLC 1 6.62% $13,910
    STAR ONE CREDIT UNION 1 5.88% $2,029
    Sunflower Bank 1 6.99% $4,445
    The First National Bank in Sioux Falls 1 6.75% $8,204
    American Bank & Trust 1 6.38% $2,455
    ZILLOW HOME LOANS, LLC 1 7.38% $6,845
    American Mortgage & Equity Consultants, Inc. 1 7.63% $6,535
    AMERISAVE MORTGAGE CORPORATION 1 6.38% $5,594
    Barrington Bank & Trust Company, N.A. 1 6.63% $3,315
    BAY EQUITY LLC 1 6.75% $5,003
    Bremer Bank 1 5.88% $7,979
    BROKER SOLUTIONS, INC. 1 7.99% $4,828
    Central Bank 1 6.75% $16,517
    Century Mortgage Company DBA Century Lending Company 1 7.88% $6,494
    Charles Schwab Bank, SSB 1 4.55% $2,299
    Choice Financial Group 1 6.63% $10,950
    CU MORTGAGE DIRECT, LLC 1 6.75% $9,600
    Dakota Community Bank & Trust 1 7.25% $5,618
    DAS Acquisition Company, LLC 1 7.50% $5,418
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.88% $5,639
    First International Bank & Trust 1 6.25% $9,808
    First PREMIER Bank 1 6.13% $5,111
    First Western Bank & Trust 1 5.75% $5,421
    Frandsen Bank & Trust 1 6.46% $4,670
    GREENSTATE CREDIT UNION 1 5.88% $2,819
    GUARANTEED RATE, INC. 1 6.88% $2,888
    HOMESTAR FINANCIAL CORPORATION 1 6.13% $2,623
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.50% $17,249

    Spearfish Average Closing Costs & Other Stats

    Spearfish, SD's 54 lenders originated 562 loans during 2023. The total origination value was $171,040,000, with an average loan value of $304,342.

    Spearfish's average closing costs are $5,221.

    The top Spearfish lender as defined by loan originations is CMG MORTGAGE, INC., with 34 loans originated. Their average total fees are $6,290, which is $952 lower than the next largest lender, BLACK HILLS FEDERAL CREDIT UNION.

    The lowest fee Spearfish lenders (with over 10 loans originated) are First National Bank ($4,401), UNITED WHOLESALE MORTGAGE, LLC ($5,607), CMG MORTGAGE, INC. ($6,290), BLACK HILLS FEDERAL CREDIT UNION ($7,242) and QUICKEN LOANS, LLC ($7,508).

    The lowest rate Spearfish lenders (with over 10 loans originated) are BLACK HILLS FEDERAL CREDIT UNION (6.23%), CMG MORTGAGE, INC. (6.57%), QUICKEN LOANS, LLC (6.66%), First National Bank (6.89%) and UNITED WHOLESALE MORTGAGE, LLC (7.14%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    BLACK HILLS FEDERAL CREDIT UNION $28,110,000 $18,035,000 -35.8% 10.5%
    CMG MORTGAGE, INC. $23,435,000 $17,950,000 -23.4% 10.5%
    Pioneer Bank & Trust $21,680,000 $9,920,000 -54.2% 5.8%
    First Interstate Bank $31,565,000 $9,790,000 -69.0% 5.7%
    Black Hills Community Bank $9,360,000 $9,255,000 -1.1% 5.4%
    Plains Commerce Bank $7,150,000 $8,145,000 13.9% 4.8%
    QUICKEN LOANS, LLC $7,690,000 $5,625,000 -26.9% 3.3%
    UNITED WHOLESALE MORTGAGE, LLC $5,215,000 $5,305,000 1.7% 3.1%
    U.S. Bank $5,675,000 $4,935,000 -13.0% 2.9%
    First Bank & Trust $275,000 $4,250,000 1,445.5% 2.5%
    American Bank & Trust $1,805,000 $4,040,000 123.8% 2.4%
    Midwest Bank $2,495,000 $3,900,000 56.3% 2.3%
    Dacotah Bank $2,220,000 $3,860,000 73.9% 2.3%
    First National Bank $6,485,000 $3,855,000 -40.6% 2.3%
    Northern Hills FCU $3,065,000 $3,835,000 25.1% 2.2%
    Unify Home Lending Inc. $3,455,000 $3,680,000 6.5% 2.2%
    PENNYMAC LOAN SERVICES, LLC $1,780,000 $3,620,000 103.4% 2.1%
    Gateway First Bank $14,870,000 $3,490,000 -76.5% 2.0%
    BANKWEST, INC. $4,815,000 $2,805,000 -41.7% 1.6%
    USAA Federal Savings Bank $490,000 $2,195,000 348.0% 1.3%
    First Dakota National Bank $3,675,000 $2,180,000 -40.7% 1.3%
    JPMorgan Chase Bank $2,410,000 $1,925,000 -20.1% 1.1%
    First International Bank & Trust $2,160,000 $1,850,000 -14.4% 1.1%
    The First National Bank in Sioux Falls $2,435,000 $1,710,000 -29.8% 1.0%
    Farm Credit Mid-America, ACA $1,140,000 $1,695,000 48.7% 1.0%
    Wells Fargo Bank $5,450,000 $1,335,000 -75.5% 0.8%
    HIGHMARK $1,445,000 $1,270,000 -12.1% 0.7%
    NAVY FEDERAL CREDIT UNION $360,000 $1,095,000 204.2% 0.6%
    CORTRUST MORTGAGE, INC. $175,000 $990,000 465.7% 0.6%
    AMERICAN PACIFIC MORTGAGE CORPORATION $985,000 n/a 0.6%
    Reliabank Dakota $1,360,000 $980,000 -27.9% 0.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $135,000 $915,000 577.8% 0.5%
    BankFirst $855,000 n/a 0.5%
    Flagstar Bank, FSB $2,630,000 $840,000 -68.1% 0.5%
    BETTER MORTGAGE CORPORATION $820,000 n/a 0.5%
    Starion Bank $705,000 $815,000 15.6% 0.5%
    MUTUAL OF OMAHA MORTGAGE, INC. $455,000 $810,000 78.0% 0.5%
    Central Bank $2,270,000 $800,000 -64.8% 0.5%
    Choice Financial Group $1,270,000 $785,000 -38.2% 0.5%
    FIRST COMMUNITY MORTGAGE, INC. $780,000 n/a 0.5%
    Charles Schwab Bank, SSB $745,000 n/a 0.4%
    First Western Bank & Trust $720,000 n/a 0.4%
    NATIONS RELIABLE LENDING, LLC $715,000 n/a 0.4%
    Security First Bank $4,230,000 $685,000 -83.8% 0.4%
    Cornerstone Bank $700,000 $635,000 -9.3% 0.4%
    Platte Valley Bank $630,000 n/a 0.4%
    Century Mortgage Company DBA Century Lending Company $625,000 n/a 0.4%
    Northpointe Bank $285,000 $625,000 119.3% 0.4%
    Mortgage Research Center, LLC $1,545,000 $610,000 -60.5% 0.4%
    CU MORTGAGE DIRECT, LLC $295,000 $605,000 105.1% 0.4%
    Carrington Mortgage Services, LLC $570,000 n/a 0.3%
    Dakota Community Bank & Trust $585,000 $550,000 -6.0% 0.3%
    STAR ONE CREDIT UNION $525,000 n/a 0.3%
    Frandsen Bank & Trust $205,000 $505,000 146.3% 0.3%
    Bank of Dixon County $495,000 n/a 0.3%
    ZILLOW HOME LOANS, LLC $495,000 n/a 0.3%
    Servion, Inc. $790,000 $465,000 -41.1% 0.3%
    Ally Bank $455,000 n/a 0.3%
    Gate City Bank $1,195,000 $445,000 -62.8% 0.3%
    Sunflower Bank $425,000 n/a 0.2%
    Bremer Bank $1,325,000 $405,000 -69.4% 0.2%
    NEWREZ LLC $310,000 $385,000 24.2% 0.2%
    GUILD MORTGAGE COMPANY $535,000 $345,000 -35.5% 0.2%
    A&D Mortgage LLC $315,000 n/a 0.2%
    BROKER SOLUTIONS, INC. $840,000 $305,000 -63.7% 0.2%
    First PREMIER Bank $1,525,000 $275,000 -82.0% 0.2%
    Peoples State Bank of Plainview $260,000 n/a 0.2%
    HOMESTAR FINANCIAL CORPORATION $1,225,000 $240,000 -80.4% 0.1%
    American Mortgage & Equity Consultants, Inc. $235,000 n/a 0.1%
    DAS Acquisition Company, LLC $235,000 n/a 0.1%
    OPEN MORTGAGE, LLC $495,000 $235,000 -52.5% 0.1%
    Barrington Bank & Trust Company, N.A. $205,000 n/a 0.1%
    Citizens Bank $35,000 $205,000 485.7% 0.1%
    GUARANTEED RATE, INC. $215,000 $185,000 -14.0% 0.1%
    AMERISAVE MORTGAGE CORPORATION $280,000 $175,000 -37.5% 0.1%
    Bank of America $475,000 $175,000 -63.2% 0.1%
    Figure Lending LLC $175,000 n/a 0.1%
    GREENSTATE CREDIT UNION $175,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $160,000 n/a 0.1%
    Coastal Community Bank $155,000 n/a 0.1%
    LOANDEPOT.COM, LLC $1,995,000 $155,000 -92.2% 0.1%
    SIOUX FALLS $155,000 n/a 0.1%
    Home Federal Savings & Loan Association of Grand Island $135,000 n/a 0.1%
    BAY EQUITY LLC $440,000 $125,000 -71.6% 0.1%
    FINANCE OF AMERICA REVERSE LLC $165,000 $125,000 -24.2% 0.1%
    Rivers Edge Bank $105,000 n/a 0.1%
    Discover Bank $90,000 $85,000 -5.6% 0.0%
    CorTrust Bank $75,000 n/a 0.0%
    Mr. Cooper ( Nationstar Mortgage ) $1,140,000 $55,000 -95.2% 0.0%
    VISIONBank $55,000 n/a 0.0%

    Spearfish's top lender by overall market share is BLACK HILLS FEDERAL CREDIT UNION, with 10.5% market share. In second place, with 10.5%, is CMG MORTGAGE, INC., having originated $17,950,000 in loans. In third place, with 5.8%, is Pioneer Bank & Trust, having originated $9,920,000 in loans. In fourth place, with 5.7%, is First Interstate Bank, having originated $9,790,000 in loans. In fifth place, with 5.4%, is Black Hills Community Bank, having originated $9,255,000 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
    Spearfish's median listing price for 2025-02-01 was $825,750, a difference of $22,025 (2.7%) versus the prior year and $24,500 versus the prior month.

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

    Spearfish's average listing price for 2025-02-01 was $936,550, a difference of $53,284 (6.0%) versus the prior year and $-4,964 versus the prior month.

    For the 2025-02-01 period, Spearfish had 164 MLS listings, a difference of 0 listings (0%) versus the prior month and 50 listings (44%) 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
    Spearfish's median listing age (time on market) for 2025-02-01 was 0 days.

    Spearfish's median square footage for active listings during the 2025-02-01 period was 2,691 sqft. One year prior, the average listing was 2,367 sqft.

    Spearfish, SD Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 348 $132,060,000 $379,483
    Home Improvement 66 $7,140,000 $108,182
    Other 55 $5,595,000 $101,727
    Refi 48 $16,510,000 $343,958
    Cash Out Refi 45 $9,735,000 $216,333

    Spearfish's most frequently cited loan purpose was Home Purchase, with 348 originations. The 2nd most popular reason was Home Improvement, with 66 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 137 $49,515,000 $361,423
    7-8% 132 $44,810,000 $339,470
    Over 8% 91 $12,825,000 $140,934
    5-6% 74 $26,110,000 $352,838
    4-5% 8 $4,390,000 $548,750
    2.5-3% 4 $1,610,000 $402,500
    <2.5% 3 $15,000 $5,000

    During 2023, Spearfish's most frequently originated rate bucket was 6-7%, with 137 originations.

    Loan Sizing (Spearfish, SD MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 179 $51,535,000 $287,905
    $100,000 or less 127 $6,855,000 $53,976
    $100k-200k 104 $15,330,000 $147,404
    $400k-600k 87 $42,035,000 $483,161
    $600k-1000k 54 $40,330,000 $746,852
    $Over $1MM 11 $14,955,000 $1,359,545

    Spearfish's loan sizing saw the bucket of loans from $200k-400k with 179 originations, totaling $51,535,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 142 $52,980,000 $373,099
    60-80% 100 $43,560,000 $435,600
    Under 20% 79 $4,585,000 $58,038
    40-60% 63 $20,805,000 $330,238
    20-40% 56 $10,620,000 $189,643
    Over 100% 7 $5,855,000 $836,429

    Spearfish's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 142 originations, totaling $52,980,000 in origination value.