Sterling 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 Sterling averaged 6.78% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

    The average rate for the prior week (2023-09-14) was 6.97% and one month ago for the week of 2023-08-17, the average rate was 6.68%.

    Sterling's average rate one year ago was 5.91%.

    For refis of the same type during the week of 2023-09-21, the average rate was 7.19%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-21 7.19%
    Sterling 30 Year Fixed Rate 2023-09-21 6.78%
    Sterling 30 Year Fixed Rate Refi 2023-09-21 7.19%
    Sterling 15 Year Fixed Rate 2023-09-21 6.44%
    Sterling 15 Year Fixed Rate Refi 2023-09-21 7.14%
    Sterling 30 Year FHA 2023-09-21 6.8%
    Sterling 30 Year FHA Refi 2023-09-21 7.14%
    Sterling 30 Year USDA 2023-09-21 7.12%
    Sterling 30 Year USDA Refi 2023-09-21 6.82%
    Sterling 30 Year VA 2023-09-21 6.82%
    Sterling 30 Year VA Refi 2023-09-21 6.92%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Sterling, IL.

    Sterling 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 Sterling, IL 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
    U.S. Bank 29 5.14% $2,497
    ASCENTRA 13 3.96% $1,885
    QUICKEN LOANS, LLC 13 5.17% $4,921
    GREENSTATE CREDIT UNION 11 3.89% $1,867
    I. H. MISSISSIPPI VALLEY CREDIT UNION 9 4.14% $1,845
    Ixonia Bank 9 5.05% $4,335
    Vibrant Credit Union 9 4.60% $2,149
    HOMESIDE FINANCIAL, LLC 8 5.64% $3,791
    Central Bank Illinois 7 4.84% $1,570
    Deere Employees Credit Union 6 4.54% $2,661
    Waterstone Mortgage Corporation 5 6.18% $4,692
    Midland States Bank 5 6.43% $3,379
    JPMorgan Chase Bank 5 5.17% $2,985
    FINANCE OF AMERICA MORTGAGE LLC 5 5.07% $4,202
    Mr. Cooper ( Nationstar Mortgage ) 4 5.28% $5,786
    Wells Fargo Bank 4 4.75% $3,411
    LOANDEPOT.COM, LLC 4 6.78% $4,072
    DuTrac Community Credit Union 4 4.09% $2,536
    CALIBER HOME LOANS, INC. 4 6.00% $4,012
    Morton Community Bank 4 5.06% $3,048
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 5.09% $3,748
    Fifth Third Bank 3 5.08% $2,994
    Flagstar Bank, FSB 3 4.87% $4,348
    Mortgage Research Center, LLC 3 5.13% $2,795
    Community Mortgage Banc Corporation 3 6.62% $4,741
    BROKER SOLUTIONS, INC. 3 5.54% $4,995
    R.I.A. Federal Credit Union 2 3.88% $2,296
    Bankers' Bank 2 4.13% $2,589
    NEWREZ LLC 2 5.00% $4,225
    PENNYMAC LOAN SERVICES, LLC 2 4.94% $5,814
    Key Mortgage Services, Inc. 2 5.25% $2,464
    ROYAL UNITED MORTGAGE LLC 2 4.63% $5,560
    RUHL MORTGAGE, LLC 2 5.31% $2,841
    Stillman Bank 2 4.44% $1,913
    COMPEER FINANCIAL, FLCA 2 4.75% $3,109
    FREEDOM MORTGAGE CORPORATION 2 6.19% $4,110
    UNITED WHOLESALE MORTGAGE, LLC 2 5.94% $3,372
    CROSSCOUNTRY MORTGAGE, LLC 2 5.98% $3,930
    Discover Bank 2 7.99% $0
    ZILLOW HOME LOANS, LLC 1 7.50% $3,691
    American Bank and Trust Company 1 4.50% $3,618
    Bank of America 1 3.75% $2,832
    BOKF 1 7.13% $2,762
    CHERRY CREEK MORTGAGE, LLC 1 6.88% $625
    CHURCHILL MORTGAGE CORPORATION 1 5.13% $3,516
    Citizens Bank 1 4.88% $3,320
    COMPASS MORTGAGE, INC. 1 6.50% $4,424
    DUPACO COMMUNITY 1 5.75% $2,488
    ENDEAVOR CAPITAL, LLC. 1 5.49% $4,532
    ENVOY MORTGAGE, LTD 1 4.25% $2,818
    First American Bank 1 6.63% $2,477
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 5.88% $1,747
    First Federal Savings Bank 1 5.75% $2,121
    Flanagan State Bank 1 6.38% $2,074
    GUARANTEED RATE AFFINITY, LLC 1 4.75% $3,072
    GUARANTEED RATE, INC. 1 5.58% $3,186
    ILLINOIS STATE CREDIT UNION 1 6.13% $1,913
    LAKEVIEW LOAN SERVICING, LLC 1 3.50% $3,088
    Marine Bank 1 5.25% $1,890
    MEMBER FIRST MORTGAGE, LLC 1 5.50% $2,899
    Midwest Community Bank 1 5.25% $2,141
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.38% $7,682
    NBKC BANK 1 6.38% $1,997
    Old Second National Bank 1 6.38% $5,248
    PNC Bank 1 3.38% $4,748
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.88% $6,163
    Regions Bank 1 3.38% $2,580
    Servion, Inc. 1 4.13% $3,805
    The Federal Savings Bank 1 5.88% $4,058
    THRIVENT Federal Credit Union 1 4.75% $2,586
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.00% $2,681
    WINGS FINANCIAL 1 3.88% $2,648
    Ally Bank 1 5.50% $1,095

    Sterling Average Closing Costs & Other Stats

    Sterling, IL's 73 lenders originated 904 loans during 2022. The total origination value was $104,650,000, with an average loan value of $115,763.

    Sterling's average closing costs are $3,561.

    The top Sterling lender as defined by loan originations is U.S. Bank, with 29 loans originated. Their average total fees are $2,497, which is $612 higher than the next largest lender, ASCENTRA.

    The lowest fee Sterling lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION ($1,867), ASCENTRA ($1,885), U.S. Bank ($2,497), QUICKEN LOANS, LLC ($4,921) and .

    The lowest rate Sterling lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION (3.89%), ASCENTRA (3.96%), U.S. Bank (5.14%), QUICKEN LOANS, LLC (5.17%) and .

    Sterling, IL 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
    Sauk Valley Bank & Trust Company $16,545,000 $10,225,000 -38.2% 9.8%
    U.S. Bank $16,910,000 $8,445,000 -50.1% 8.1%
    Central Bank Illinois $6,550,000 $6,435,000 -1.8% 6.1%
    Farmers National Bank $13,495,000 $6,330,000 -53.1% 6.0%
    QUICKEN LOANS, LLC $9,805,000 $5,860,000 -40.2% 5.6%
    Ixonia Bank $8,555,000 $5,135,000 -40.0% 4.9%
    Mortgage Research Center, LLC $5,340,000 $3,850,000 -27.9% 3.7%
    HOMESIDE FINANCIAL, LLC $6,810,000 $2,865,000 -57.9% 2.7%
    Morton Community Bank $2,270,000 $2,825,000 24.4% 2.7%
    ASCENTRA $4,005,000 $2,655,000 -33.7% 2.5%
    FINANCE OF AMERICA MORTGAGE LLC $4,210,000 $2,590,000 -38.5% 2.5%
    Waterstone Mortgage Corporation $2,120,000 n/a 2.0%
    BROKER SOLUTIONS, INC. $1,045,000 $1,890,000 80.9% 1.8%
    GREENSTATE CREDIT UNION $1,465,000 $1,825,000 24.6% 1.7%
    Midland States Bank $2,690,000 $1,795,000 -33.3% 1.7%
    Vibrant Credit Union $1,640,000 $1,780,000 8.5% 1.7%
    I. H. MISSISSIPPI VALLEY CREDIT UNION $2,945,000 $1,765,000 -40.1% 1.7%
    CALIBER HOME LOANS, INC. $2,670,000 $1,545,000 -42.1% 1.5%
    COMPEER FINANCIAL, FLCA $685,000 $1,540,000 124.8% 1.5%
    Deere Employees Credit Union $500,000 $1,300,000 160.0% 1.2%
    LOANDEPOT.COM, LLC $2,190,000 $1,170,000 -46.6% 1.1%
    First Central State Bank $1,605,000 $1,060,000 -34.0% 1.0%
    JPMorgan Chase Bank $930,000 $1,015,000 9.1% 1.0%
    FREEDOM MORTGAGE CORPORATION $3,155,000 $960,000 -69.6% 0.9%
    AMERICAN PACIFIC MORTGAGE CORPORATION $835,000 $875,000 4.8% 0.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $595,000 $865,000 45.4% 0.8%
    Fifth Third Bank $980,000 $865,000 -11.7% 0.8%
    Wells Fargo Bank $1,800,000 $825,000 -54.2% 0.8%
    AMERISAVE MORTGAGE CORPORATION $950,000 $770,000 -18.9% 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $1,615,000 $730,000 -54.8% 0.7%
    Bankers' Bank $540,000 $690,000 27.8% 0.7%
    UNITED WHOLESALE MORTGAGE, LLC $1,550,000 $690,000 -55.5% 0.7%
    DuTrac Community Credit Union $525,000 $680,000 29.5% 0.6%
    Community Mortgage Banc Corporation $855,000 $615,000 -28.1% 0.6%
    PLAZA HOME MORTGAGE, INC. $115,000 $610,000 430.4% 0.6%
    TBK BANK, SSB $295,000 $570,000 93.2% 0.5%
    The Huntington National Bank $85,000 $570,000 570.6% 0.5%
    Plains Commerce Bank $845,000 $545,000 -35.5% 0.5%
    ROYAL UNITED MORTGAGE LLC $285,000 $545,000 91.2% 0.5%
    PNC Bank $105,000 $500,000 376.2% 0.5%
    Barrington Bank & Trust Company, N.A. $370,000 $485,000 31.1% 0.5%
    CHERRY CREEK MORTGAGE, LLC $470,000 n/a 0.4%
    Flagstar Bank, FSB $515,000 $465,000 -9.7% 0.4%
    CHURCHILL MORTGAGE CORPORATION $135,000 $430,000 218.5% 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $425,000 n/a 0.4%
    FIRST CENTENNIAL MORTGAGE CORPORATION $305,000 $415,000 36.1% 0.4%
    GUARANTEED RATE, INC. $740,000 $415,000 -43.9% 0.4%
    CMG MORTGAGE, INC. $370,000 n/a 0.4%
    INLAND BANK & TRUST $360,000 n/a 0.3%
    Midwest Community Bank $430,000 $355,000 -17.4% 0.3%
    RUHL MORTGAGE, LLC $1,055,000 $340,000 -67.8% 0.3%
    Mid-Continent Funding, Inc. $335,000 n/a 0.3%
    The Federal Savings Bank $335,000 n/a 0.3%
    Marine Bank $225,000 $330,000 46.7% 0.3%
    PENNYMAC LOAN SERVICES, LLC $470,000 $330,000 -29.8% 0.3%
    DUPACO COMMUNITY $325,000 n/a 0.3%
    USAA Federal Savings Bank $1,170,000 $305,000 -73.9% 0.3%
    FIRST STATE MORTGAGE SERVICES, LLC $295,000 n/a 0.3%
    R.I.A. Federal Credit Union $515,000 $295,000 -42.7% 0.3%
    Key Mortgage Services, Inc. $770,000 $290,000 -62.3% 0.3%
    HOME POINT FINANCIAL CORPORATION $200,000 $280,000 40.0% 0.3%
    NEWREZ LLC $1,050,000 $280,000 -73.3% 0.3%
    Blackhawk Bank & Trust $265,000 n/a 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $210,000 $260,000 23.8% 0.2%
    T2 FINANCIAL LLC $255,000 n/a 0.2%
    BOKF $245,000 n/a 0.2%
    First State Bank of Forrest $310,000 $245,000 -21.0% 0.2%
    Neighborhood Loans, Inc. $235,000 n/a 0.2%
    CIVIC FINANCIAL SERVICES, LLC $210,000 $225,000 7.1% 0.2%
    MARINE $25,000 $225,000 800.0% 0.2%
    Old Second National Bank $85,000 $225,000 164.7% 0.2%
    Citizens Bank $220,000 n/a 0.2%
    Discover Bank $165,000 $215,000 30.3% 0.2%
    GUARANTEED RATE AFFINITY, LLC $85,000 $215,000 152.9% 0.2%
    RF Renovo Management Company, LLC $215,000 n/a 0.2%
    Stillman BancCorp N.A. $280,000 $210,000 -25.0% 0.2%
    First American Bank $25,000 $205,000 720.0% 0.2%
    MidAmerica National Bank $205,000 n/a 0.2%
    MOVEMENT MORTGAGE, LLC $125,000 $195,000 56.0% 0.2%
    Regions Bank $195,000 n/a 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $185,000 n/a 0.2%
    First Federal Bank $125,000 $175,000 40.0% 0.2%
    Allied First Bank,sb $165,000 n/a 0.2%
    AMERICAN FINANCING CORPORATION $165,000 n/a 0.2%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $410,000 $165,000 -59.8% 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $165,000 n/a 0.2%
    PHH Mortgage Corporation $160,000 n/a 0.2%
    NEW DAY FINANCIAL, LLC $1,170,000 $145,000 -87.6% 0.1%
    Bank of America $125,000 $135,000 8.0% 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $135,000 n/a 0.1%
    NBKC BANK $135,000 n/a 0.1%
    SIRVA MORTGAGE, INC. $135,000 n/a 0.1%
    BNC National Bank $805,000 $125,000 -84.5% 0.1%
    COMPASS MORTGAGE, INC. $125,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $125,000 n/a 0.1%
    Servion, Inc. $35,000 $125,000 257.1% 0.1%
    First State Bank $165,000 $120,000 -27.3% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $200,000 $120,000 -40.0% 0.1%
    First Savings Bank $115,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $15,000 $105,000 600.0% 0.1%
    ENDEAVOR CAPITAL, LLC. $105,000 n/a 0.1%
    MEMBER FIRST MORTGAGE, LLC $280,000 $105,000 -62.5% 0.1%
    Paramount Residential Mortgage Group, Inc. $470,000 $105,000 -77.7% 0.1%
    Flanagan State Bank $650,000 $100,000 -84.6% 0.1%
    American Bank and Trust Company $430,000 $95,000 -77.9% 0.1%
    Bank of England $155,000 $95,000 -38.7% 0.1%
    Carrington Mortgage Services, LLC $405,000 $95,000 -76.5% 0.1%
    CRESCENT MORTGAGE COMPANY $95,000 n/a 0.1%
    First Guaranty Mortgage Corporation $270,000 $95,000 -64.8% 0.1%
    WINGS FINANCIAL $95,000 n/a 0.1%
    Ally Bank $85,000 n/a 0.1%
    ILLINOIS STATE CREDIT UNION $65,000 $85,000 30.8% 0.1%
    ENVOY MORTGAGE, LTD $420,000 $75,000 -82.1% 0.1%
    Figure Lending LLC $90,000 $75,000 -16.7% 0.1%
    First Federal Savings Bank $565,000 $75,000 -86.7% 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $75,000 $75,000 0.0% 0.1%
    ZILLOW HOME LOANS, LLC $75,000 n/a 0.1%
    THRIVENT Federal Credit Union $145,000 $65,000 -55.2% 0.1%
    VILLAGE CAPITAL MORTGAGE $725,000 $65,000 -91.0% 0.1%
    Fidelity Bank & Trust $55,000 n/a 0.1%
    Union Savings Bank $205,000 $45,000 -78.0% 0.0%
    NORTHWEST BANK OF ROCKFORD $35,000 n/a 0.0%
    Transportation Federal Credit Union $35,000 n/a 0.0%

    Sterling's top lender by overall market share is Sauk Valley Bank & Trust Company, with 9.8% market share. In second place, with 8.1%, is U.S. Bank, having originated $8,445,000 in loans. In third place, with 6.1%, is Central Bank Illinois, having originated $6,435,000 in loans. In fourth place, with 6.0%, is Farmers National Bank, having originated $6,330,000 in loans. In fifth place, with 5.6%, is QUICKEN LOANS, LLC, having originated $5,860,000 in loans.

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

    Realtor.com - Sterling (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 $89,900 (-9.8%) $110,614 (-9.2%) 0.00 252
    2018-02-01 $89,950 (-9.7%) $114,807 (-8.3%) 0.00 242
    2018-03-01 $89,900 (-12.7%) $117,849 (-8.5%) 0.00 224
    2018-04-01 $91,900 (-7.6%) $119,210 (-2.4%) 0.00 239
    2018-05-01 $89,900 (-9.9%) $116,679 (-8.5%) 0.00 255
    2018-06-01 $92,700 (-9.5%) $120,166 (-7.0%) 0.00 273
    2018-07-01 $99,700 (-0.2%) $133,199 (6.0%) 0.00 281
    2018-08-01 $89,998 (-9.7%) $127,828 (2.9%) 0.00 293
    2018-09-01 $94,900 (0.0%) $127,829 (6.4%) 0.00 298
    2018-10-01 $96,575 (3.2%) $126,820 (7.2%) 0.00 274
    2018-11-01 $99,900 (11.1%) $132,617 (20.8%) 0.00 256
    2018-12-01 $99,200 (10.3%) $131,227 (19.7%) 0.00 252
    2019-01-01 $98,675 (9.8%) $132,628 (19.9%) 0.00 237
    2019-02-01 $96,425 (7.2%) $133,640 (16.4%) 0.00 228
    2019-03-01 $96,614 (7.5%) $131,493 (11.6%) 0.00 229
    2019-04-01 $94,900 (3.3%) $127,804 (7.2%) 0.00 236
    2019-05-01 $97,400 (8.3%) $129,233 (10.8%) 0.00 234
    2019-06-01 $99,900 (7.8%) $132,365 (10.2%) 0.00 227
    2019-07-01 $99,900 (0.2%) $136,961 (2.8%) 0.00 236
    2019-08-01 $97,173 (8.0%) $135,370 (5.9%) 0.00 248
    2019-09-01 $93,082 (-1.9%) $132,820 (3.9%) 0.00 268
    2019-10-01 $90,175 (-6.6%) $130,708 (3.1%) 0.00 279
    2019-11-01 $89,900 (-10.0%) $129,244 (-2.5%) 0.00 274
    2019-12-01 $88,625 (-10.7%) $129,536 (-1.3%) 0.00 256
    2020-01-01 $89,375 (-9.4%) $129,886 (-2.1%) 0.00 233
    2020-02-01 $89,000 (-7.7%) $134,065 (0.3%) 0.00 210
    2020-03-01 $89,700 (-7.2%) $134,300 (2.1%) 0.00 213
    2020-04-01 $93,350 (-1.6%) $125,688 (-1.7%) 0.00 209
    2020-05-01 $91,900 (-5.7%) $127,396 (-1.4%) 0.00 194
    2020-06-01 $94,450 (-5.5%) $129,932 (-1.8%) 0.00 182
    2020-07-01 $84,900 (-15.0%) $136,083 (-0.6%) 0.00 179
    2020-08-01 $89,900 (-7.5%) $137,136 (1.3%) 0.00 182
    2020-09-01 $89,900 (-3.4%) $137,987 (3.9%) 0.00 177
    2020-10-01 $89,900 (-0.3%) $134,993 (3.3%) 0.00 167
    2020-11-01 $85,225 (-5.2%) $144,353 (11.7%) 0.00 156
    2020-12-01 $85,375 (-3.7%) $132,627 (2.4%) 0.00 156
    2021-01-01 $83,900 (-6.1%) $125,209 (-3.6%) 0.00 138
    2021-02-01 $84,925 (-4.6%) $120,703 (-10.0%) 0.00 121
    2021-03-01 $79,900 (-10.9%) $133,002 (-1.0%) 0.00 93
    2021-04-01 $79,900 (-14.4%) $133,321 (6.1%) 0.00 90
    2021-05-01 $79,900 (-13.1%) $132,624 (4.1%) 0.00 92
    2021-06-01 $99,900 (5.8%) $136,049 (4.7%) 0.00 96
    2021-07-01 $104,900 (23.6%) $129,736 (-4.7%) 0.00 108
    2021-08-01 $110,000 (22.4%) $144,557 (5.4%) 0.00 120
    2021-09-01 $112,450 (25.1%) $144,677 (4.9%) 0.00 120
    2021-10-01 $107,900 (20.0%) $148,544 (10.0%) 0.00 108
    2021-11-01 $114,900 (34.8%) $158,975 (10.1%) 0.00 117
    2021-12-01 $99,575 (16.6%) $148,412 (11.9%) 0.00 121
    2022-01-01 $103,950 (23.9%) $154,284 (23.2%) 0.00 104
    2022-02-01 $103,198 (21.5%) $160,429 (32.9%) 0.00 84
    2022-03-01 $96,475 (20.7%) $170,772 (28.4%) 0.00 74
    2022-04-01 $107,450 (34.5%) $172,194 (29.2%) 0.00 69
    2022-05-01 $117,400 (46.9%) $163,221 (23.1%) 0.00 86
    2022-06-01 $117,450 (17.6%) $161,857 (19.0%) 0.00 96
    2022-07-01 $119,900 (14.3%) $165,636 (27.7%) 0.00 113
    2022-08-01 $132,400 (20.4%) $169,714 (17.4%) 0.00 127
    2022-09-01 $133,650 (18.9%) $171,413 (18.5%) 0.00 127
    2022-10-01 $134,900 (25.0%) $181,096 (21.9%) 0.00 122
    2022-11-01 $141,075 (22.8%) $184,670 (16.2%) 0.00 116
    2022-12-01 $129,900 (30.5%) $166,755 (12.4%) 0.00 107
    2023-01-01 $121,225 (16.6%) $159,761 (3.6%) 0.00 103
    2023-02-01 $119,900 (16.2%) $163,589 (2.0%) 0.00 99
    2023-03-01 $141,625 (46.8%) $175,535 (2.8%) 0.00 85
    2023-04-01 $148,700 (38.4%) $188,494 (9.5%) 0.00 66
    2023-05-01 $141,150 (20.2%) $198,365 (21.5%) 0.00 73
    2023-06-01 $138,450 (17.9%) $186,814 (15.4%) 0.00 78
    2023-07-01 $133,400 (11.3%) $174,525 (5.4%) 0.00 86
    2023-08-01 $133,900 (1.1%) $172,919 (1.9%) 0.00 91
    Sterling's median listing price for 2023-08-01 was $133,900, a difference of $1,500 (1.1%) versus the prior year and $500 versus the prior month.

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

    Sterling's average listing price for 2023-08-01 was $172,919, a difference of $3,205 (1.9%) versus the prior year and $-1,606 versus the prior month.

    For the 2023-08-01 period, Sterling had 91 MLS listings, a difference of 5 listings (6%) versus the prior month and -36 listings (-28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sterling (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,424 sqft
    2018-02-01 0 days 1,443 sqft
    2018-03-01 0 days 1,448 sqft
    2018-04-01 0 days 1,486 sqft
    2018-05-01 0 days 1,442 sqft
    2018-06-01 0 days 1,443 sqft
    2018-07-01 0 days 1,459 sqft
    2018-08-01 0 days 1,438 sqft
    2018-09-01 0 days 1,489 sqft
    2018-10-01 0 days 1,501 sqft
    2018-11-01 0 days 1,483 sqft
    2018-12-01 0 days 1,484 sqft
    2019-01-01 0 days 1,454 sqft
    2019-02-01 0 days 1,400 sqft
    2019-03-01 0 days 1,398 sqft
    2019-04-01 0 days 1,393 sqft
    2019-05-01 0 days 1,401 sqft
    2019-06-01 0 days 1,419 sqft
    2019-07-01 0 days 1,515 sqft
    2019-08-01 0 days 1,485 sqft
    2019-09-01 0 days 1,465 sqft
    2019-10-01 0 days 1,454 sqft
    2019-11-01 0 days 1,472 sqft
    2019-12-01 0 days 1,466 sqft
    2020-01-01 0 days 1,464 sqft
    2020-02-01 0 days 1,450 sqft
    2020-03-01 0 days 1,456 sqft
    2020-04-01 0 days 1,455 sqft
    2020-05-01 0 days 1,450 sqft
    2020-06-01 0 days 1,519 sqft
    2020-07-01 0 days 1,454 sqft
    2020-08-01 0 days 1,466 sqft
    2020-09-01 0 days 1,479 sqft
    2020-10-01 0 days 1,464 sqft
    2020-11-01 0 days 1,436 sqft
    2020-12-01 0 days 1,400 sqft
    2021-01-01 0 days 1,400 sqft
    2021-02-01 0 days 1,405 sqft
    2021-03-01 0 days 1,382 sqft
    2021-04-01 0 days 1,367 sqft
    2021-05-01 0 days 1,353 sqft
    2021-06-01 0 days 1,386 sqft
    2021-07-01 0 days 1,440 sqft
    2021-08-01 0 days 1,500 sqft
    2021-09-01 0 days 1,473 sqft
    2021-10-01 0 days 1,469 sqft
    2021-11-01 0 days 1,489 sqft
    2021-12-01 0 days 1,479 sqft
    2022-01-01 0 days 1,478 sqft
    2022-02-01 0 days 1,468 sqft
    2022-03-01 0 days 1,416 sqft
    2022-04-01 0 days 1,486 sqft
    2022-05-01 0 days 1,400 sqft
    2022-06-01 0 days 1,434 sqft
    2022-07-01 0 days 1,498 sqft
    2022-08-01 0 days 1,495 sqft
    2022-09-01 0 days 1,534 sqft
    2022-10-01 0 days 1,502 sqft
    2022-11-01 0 days 1,533 sqft
    2022-12-01 0 days 1,532 sqft
    2023-01-01 0 days 1,474 sqft
    2023-02-01 0 days 1,459 sqft
    2023-03-01 0 days 1,491 sqft
    2023-04-01 0 days 1,505 sqft
    2023-05-01 0 days 1,555 sqft
    2023-06-01 0 days 1,468 sqft
    2023-07-01 0 days 1,501 sqft
    2023-08-01 0 days 1,564 sqft
    Sterling's median listing age (time on market) for 2023-08-01 was 0 days.

    Sterling's median square footage for active listings during the 2023-08-01 period was 1,564 sqft. One year prior, the average listing was 1,495 sqft.

    Sterling, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 565 $74,085,000 $131,124
    Refi 131 $11,785,000 $89,962
    Cash Out Refi 106 $13,070,000 $123,302
    Home Improvement 56 $3,150,000 $56,250
    Other 46 $2,560,000 $55,652

    Sterling's most frequently cited loan purpose was Home Purchase, with 565 originations. The 2nd most popular reason was Refi, with 131 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 215 $26,515,000 $123,326
    4-5% 166 $20,230,000 $121,867
    3-4% 144 $18,940,000 $131,528
    6-7% 94 $10,520,000 $111,915
    <2.5% 34 $1,500,000 $44,118
    7-8% 33 $4,295,000 $130,152
    2.5-3% 25 $3,075,000 $123,000
    Over 8% 18 $630,000 $35,000

    During 2022, Sterling's most frequently originated rate bucket was 5-6%, with 215 originations.

    Loan Sizing (Sterling, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 447 $25,385,000 $56,790
    $100k-200k 353 $48,785,000 $138,201
    $200k-400k 93 $24,375,000 $262,097
    $400k-600k 9 $4,015,000 $446,111
    $600k-1000k 1 $965,000 $965,000
    $Over $1MM 1 $1,125,000 $1,125,000

    Sterling's loan sizing saw the bucket of loans from $100,000 or less with 447 originations, totaling $25,385,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 388 $53,740,000 $138,505
    60-80% 143 $18,875,000 $131,993
    Under 20% 67 $1,925,000 $28,731
    20-40% 56 $3,190,000 $56,964
    40-60% 51 $4,085,000 $80,098
    Over 100% 11 $2,335,000 $212,273

    Sterling's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 388 originations, totaling $53,740,000 in origination value.