Sterling Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Sterling averaged 7.06% for the week of 2025-05-22, compared to the national average of 6.86% for the same period.

    The average rate for the prior week (2025-05-15) was 6.71% and one month ago for the week of 2025-04-17, the average rate was 7.03%.

    Sterling's average rate one year ago was 6.92%.

    For refis of the same type during the week of 2025-05-22, the average rate was 6.86%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-05-22 6.86%
    Sterling 30 Year Fixed Rate 2025-05-22 7.06%
    Sterling 30 Year Fixed Rate Refi 2025-05-22 6.86%
    Sterling 15 Year Fixed Rate 2025-05-22 6.01%
    Sterling 15 Year Fixed Rate Refi 2025-05-22 6.11%
    Sterling 30 Year FHA 2025-05-22 6.62%
    Sterling 30 Year FHA Refi 2025-05-22 6.81%
    Sterling 30 Year USDA 2025-05-22 6.23%
    Sterling 30 Year USDA Refi 2025-05-22 6.63%
    Sterling 30 Year VA 2025-05-22 6.42%
    Sterling 30 Year VA Refi 2025-05-22 6.32%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 19 7.00% $5,372
    U.S. Bank 17 6.81% $3,147
    GUILD MORTGAGE COMPANY 15 6.74% $4,805
    I. H. MISSISSIPPI VALLEY CREDIT UNION 10 6.33% $1,654
    GREENSTATE CREDIT UNION 8 6.19% $2,370
    ASCENTRA 6 6.42% $2,307
    Morton Community Bank 5 6.53% $2,546
    Midland States Bank 5 6.90% $4,171
    HOMESIDE FINANCIAL, LLC 5 6.87% $4,148
    Fifth Third Bank 4 6.75% $3,284
    ZILLOW HOME LOANS, LLC 4 7.03% $3,938
    UNITED WHOLESALE MORTGAGE, LLC 4 6.94% $4,571
    BROKER SOLUTIONS, INC. 4 7.62% $4,109
    JPMorgan Chase Bank 4 6.97% $2,621
    CROSSCOUNTRY MORTGAGE, LLC 3 7.13% $4,088
    Community Mortgage Banc Corporation 3 7.13% $2,790
    ENVOY MORTGAGE, LTD 3 7.42% $4,256
    NAVY FEDERAL CREDIT UNION 2 7.31% $2,033
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.50% $3,927
    First Federal Bank 2 6.88% $3,428
    FIRST STATE MORTGAGE SERVICES, LLC 2 7.13% $3,195
    GUARANTEED RATE, INC. 2 7.36% $2,712
    RUHL MORTGAGE, LLC 2 6.31% $2,212
    USAA Federal Savings Bank 2 6.88% $3,123
    Wells Fargo Bank 2 7.31% $4,203
    DUPACO COMMUNITY 1 6.13% $2,529
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.63% $6,447
    Discover Bank 1 10.29% $0
    Deere Employees Credit Union 1 6.75% $3,101
    COMPEER FINANCIAL, FLCA 1 7.25% $3,064
    INB 1 7.13% $2,762
    Ixonia Bank 1 6.88% $4,995
    CALCON MUTUAL MORTGAGE LLC 1 7.13% $3,543
    LEADERONE FINANCIAL CORPORATION 1 7.50% $3,974
    LOANDEPOT.COM, LLC 1 5.99% $4,430
    BETTER MORTGAGE CORPORATION 1 5.25% $6,487
    Bell Bank 1 7.13% $4,451
    Mr. Cooper ( Nationstar Mortgage ) 1 6.88% $3,494
    ALLIANT CREDIT UNION 1 6.50% $3,450
    Old Second National Bank 1 8.00% $3,232
    PENNYMAC LOAN SERVICES, LLC 1 6.38% $8,401
    PREMIA MORTGAGE, LLC 1 6.45% $5,199
    Barrington Bank & Trust Company, N.A. 1 6.13% $3,745
    AMERICAN FINANCING CORPORATION 1 6.88% $5,211
    Stillman Bank 1 7.60% $2,304
    DuTrac Community Credit Union 1 6.63% $5,398
    T2 FINANCIAL LLC 1 6.49% $6,988
    Bank of America 1 6.88% $3,146
    Flanagan State Bank 1 6.88% $3,879
    FLAT BRANCH MORTGAGE, INC. 1 6.63% $3,323
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.99% $2,728

    Sterling Average Closing Costs & Other Stats

    Sterling, IL's 51 lenders originated 675 loans during 2024. The total origination value was $78,275,000, with an average loan value of $115,963.

    Sterling's average closing costs are $3,790.

    The top Sterling lender as defined by loan originations is QUICKEN LOANS, LLC, with 19 loans originated. Their average total fees are $5,372, which is $2,225 higher than the next largest lender, U.S. Bank.

    The lowest fee Sterling lenders (with over 10 loans originated) are I. H. MISSISSIPPI VALLEY CREDIT UNION ($1,654), U.S. Bank ($3,147), GUILD MORTGAGE COMPANY ($4,805), QUICKEN LOANS, LLC ($5,372) and .

    The lowest rate Sterling lenders (with over 10 loans originated) are I. H. MISSISSIPPI VALLEY CREDIT UNION (6.33%), GUILD MORTGAGE COMPANY (6.74%), U.S. Bank (6.81%), QUICKEN LOANS, LLC (7.00%) 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    Sauk Valley Bank & Trust Company $8,005,000 $9,825,000 22.7% 12.6%
    Farmers National Bank $4,430,000 $5,580,000 26.0% 7.1%
    Central Bank Illinois $4,825,000 $4,725,000 -2.1% 6.0%
    Mortgage Research Center, LLC $2,350,000 $4,545,000 93.4% 5.8%
    QUICKEN LOANS, LLC $3,760,000 $4,415,000 17.4% 5.6%
    U.S. Bank $3,370,000 $4,230,000 25.5% 5.4%
    GUILD MORTGAGE COMPANY $3,595,000 $3,635,000 1.1% 4.6%
    GREENSTATE CREDIT UNION $2,325,000 $2,125,000 -8.6% 2.7%
    UNITED WHOLESALE MORTGAGE, LLC $1,360,000 $1,980,000 45.6% 2.5%
    BROKER SOLUTIONS, INC. $2,185,000 $1,685,000 -22.9% 2.2%
    I. H. MISSISSIPPI VALLEY CREDIT UNION $485,000 $1,660,000 242.3% 2.1%
    Midland States Bank $2,040,000 $1,640,000 -19.6% 2.1%
    NAVY FEDERAL CREDIT UNION $640,000 $1,340,000 109.4% 1.7%
    ASCENTRA $2,775,000 $1,280,000 -53.9% 1.6%
    PENNYMAC LOAN SERVICES, LLC $305,000 $1,165,000 282.0% 1.5%
    Morton Community Bank $885,000 $1,125,000 27.1% 1.4%
    First Central State Bank $15,000 $1,090,000 7,166.7% 1.4%
    Flanagan State Bank $485,000 $950,000 95.9% 1.2%
    LOANDEPOT.COM, LLC $715,000 $950,000 32.9% 1.2%
    HOMESIDE FINANCIAL, LLC $1,055,000 $880,000 -16.6% 1.1%
    Fifth Third Bank $425,000 $770,000 81.2% 1.0%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,325,000 $765,000 -42.3% 1.0%
    Key Mortgage Services, Inc. $550,000 $765,000 39.1% 1.0%
    First Federal Bank $760,000 n/a 1.0%
    FREEDOM MORTGAGE CORPORATION $560,000 $755,000 34.8% 1.0%
    JPMorgan Chase Bank $395,000 $685,000 73.4% 0.9%
    AMERISAVE MORTGAGE CORPORATION $325,000 $655,000 101.5% 0.8%
    USAA Federal Savings Bank $55,000 $600,000 990.9% 0.8%
    PREMIA MORTGAGE, LLC $590,000 n/a 0.8%
    Deere Employees Credit Union $285,000 $550,000 93.0% 0.7%
    ZILLOW HOME LOANS, LLC $65,000 $520,000 700.0% 0.7%
    Wells Fargo Bank $465,000 $490,000 5.4% 0.6%
    SUCCESS MORTGAGE PARTNERS, INC. $95,000 $475,000 400.0% 0.6%
    CROSSCOUNTRY MORTGAGE, LLC $1,705,000 $470,000 -72.4% 0.6%
    Hometown National Bank $465,000 n/a 0.6%
    CALCON MUTUAL MORTGAGE LLC $455,000 n/a 0.6%
    Barrington Bank & Trust Company, N.A. $485,000 $415,000 -14.4% 0.5%
    GUARANTEED RATE, INC. $250,000 $415,000 66.0% 0.5%
    RUHL MORTGAGE, LLC $860,000 $410,000 -52.3% 0.5%
    ENVOY MORTGAGE, LTD $400,000 n/a 0.5%
    NEWREZ LLC $535,000 $380,000 -29.0% 0.5%
    Paramount Residential Mortgage Group, Inc. $355,000 $360,000 1.4% 0.5%
    FIRST STATE MORTGAGE SERVICES, LLC $350,000 n/a 0.4%
    Bank of America $345,000 n/a 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $440,000 $345,000 -21.6% 0.4%
    American Mortgage & Equity Consultants, Inc. $305,000 n/a 0.4%
    International Bank of Chicago $305,000 n/a 0.4%
    Old Second National Bank $305,000 n/a 0.4%
    Community Mortgage Banc Corporation $300,000 $285,000 -5.0% 0.4%
    S1L, Inc. $280,000 n/a 0.4%
    NEW DAY FINANCIAL, LLC $115,000 $270,000 134.8% 0.3%
    Stillman Bank $75,000 $265,000 253.3% 0.3%
    MID AMERICA MORTGAGE, INC. $265,000 $260,000 -1.9% 0.3%
    MOVEMENT MORTGAGE, LLC $260,000 n/a 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $230,000 $260,000 13.0% 0.3%
    Cornerstone Credit Union $200,000 $230,000 15.0% 0.3%
    American Bank and Trust Company $395,000 $220,000 -44.3% 0.3%
    First State Bank $120,000 $220,000 83.3% 0.3%
    Ixonia Bank $780,000 $220,000 -71.8% 0.3%
    PLAZA HOME MORTGAGE, INC. $115,000 $205,000 78.3% 0.3%
    DuTrac Community Credit Union $230,000 $195,000 -15.2% 0.2%
    Figure Lending LLC $35,000 $195,000 457.1% 0.2%
    Quad City Bank and Trust Company $195,000 n/a 0.2%
    Peoples National Bank of Kewanee $535,000 $190,000 -64.5% 0.2%
    COMMUNITY STATE BANK $185,000 n/a 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $175,000 n/a 0.2%
    AXIA FINANCIAL, LLC $175,000 n/a 0.2%
    INB $175,000 n/a 0.2%
    NORTHWEST BANK OF ROCKFORD $175,000 n/a 0.2%
    VILLAGE CAPITAL MORTGAGE $125,000 $175,000 40.0% 0.2%
    CANOPY MORTGAGE, LLC $165,000 n/a 0.2%
    COMPEER FINANCIAL, FLCA $470,000 $155,000 -67.0% 0.2%
    DUPACO COMMUNITY $80,000 $155,000 93.8% 0.2%
    OCEANSIDE MORTGAGE COMPANY $155,000 n/a 0.2%
    T2 FINANCIAL LLC $155,000 n/a 0.2%
    TOWNE MORTGAGE COMPANY $155,000 n/a 0.2%
    TruHome Solutions, LLC $155,000 n/a 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $145,000 n/a 0.2%
    BETTER MORTGAGE CORPORATION $145,000 n/a 0.2%
    Carrington Mortgage Services, LLC $145,000 n/a 0.2%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $145,000 n/a 0.2%
    Armed Forces Bank $135,000 n/a 0.2%
    North Shore Trust and Savings $130,000 n/a 0.2%
    UNION HOME MORTGAGE CORP. $140,000 $130,000 -7.1% 0.2%
    ALLIANT CREDIT UNION $125,000 n/a 0.2%
    FINANCE OF AMERICA REVERSE LLC $125,000 n/a 0.2%
    FLAT BRANCH MORTGAGE, INC. $165,000 $125,000 -24.2% 0.2%
    LEADERONE FINANCIAL CORPORATION $155,000 $125,000 -19.4% 0.2%
    THE FAMILY CREDIT UNION $125,000 n/a 0.2%
    Bell Bank $115,000 n/a 0.1%
    Union Savings Bank $105,000 n/a 0.1%
    BMO Harris Bank $75,000 $75,000 0.0% 0.1%
    Coastal Community Bank $120,000 $70,000 -41.7% 0.1%
    AMERICAN FINANCING CORPORATION $65,000 n/a 0.1%
    CIBM Bank $115,000 $65,000 -43.5% 0.1%
    Equity Prime Mortgage LLC $125,000 $65,000 -48.0% 0.1%
    First Community Credit Union $65,000 n/a 0.1%
    First Federal Savings Bank $65,000 n/a 0.1%
    TBK BANK, SSB $155,000 $55,000 -64.5% 0.1%
    Connexus Credit Union $35,000 n/a 0.0%
    Discover Bank $55,000 $35,000 -36.4% 0.0%
    Third Federal Savings and Loan Association of Cleveland $35,000 n/a 0.0%
    PNC Bank $225,000 $25,000 -88.9% 0.0%
    WINGS FINANCIAL $15,000 $25,000 66.7% 0.0%
    NUMARK CREDIT UNION $15,000 n/a 0.0%

    Sterling's top lender by overall market share is Sauk Valley Bank & Trust Company, with 12.6% market share. In second place, with 7.1%, is Farmers National Bank, having originated $5,580,000 in loans. In third place, with 6.0%, is Central Bank Illinois, having originated $4,725,000 in loans. In fourth place, with 5.8%, is Mortgage Research Center, LLC, having originated $4,545,000 in loans. In fifth place, with 5.6%, is QUICKEN LOANS, LLC, having originated $4,415,000 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%) $158,318 (9.7%) 0.00 117
    2021-12-01 $99,350 (16.4%) $147,074 (10.9%) 0.00 120
    2022-01-01 $102,900 (22.7%) $152,532 (21.8%) 0.00 103
    2022-02-01 $101,824 (19.9%) $158,640 (31.4%) 0.00 83
    2022-03-01 $95,625 (19.7%) $168,810 (26.9%) 0.00 73
    2022-04-01 $105,000 (31.4%) $170,427 (27.8%) 0.00 68
    2022-05-01 $117,400 (46.9%) $161,558 (21.8%) 0.00 85
    2022-06-01 $117,400 (17.5%) $160,405 (17.9%) 0.00 95
    2022-07-01 $119,900 (14.3%) $164,474 (26.8%) 0.00 112
    2022-08-01 $131,150 (19.2%) $168,564 (16.6%) 0.00 126
    2022-09-01 $132,400 (17.7%) $170,282 (17.7%) 0.00 126
    2022-10-01 $134,900 (25.0%) $179,980 (21.2%) 0.00 121
    2022-11-01 $139,700 (21.6%) $183,577 (16.0%) 0.00 116
    2022-12-01 $129,900 (30.8%) $165,340 (12.4%) 0.00 106
    2023-01-01 $119,975 (16.6%) $158,329 (3.8%) 0.00 102
    2023-02-01 $119,900 (17.8%) $163,589 (3.1%) 0.00 99
    2023-03-01 $141,625 (48.1%) $175,535 (4.0%) 0.00 85
    2023-04-01 $148,700 (41.6%) $187,930 (10.3%) 0.00 65
    2023-05-01 $139,300 (18.7%) $196,762 (21.8%) 0.00 72
    2023-06-01 $137,900 (17.5%) $186,068 (16.0%) 0.00 77
    2023-07-01 $133,400 (11.3%) $174,525 (6.1%) 0.00 85
    2023-08-01 $133,900 (2.1%) $172,919 (2.6%) 0.00 91
    2023-09-01 $139,900 (5.7%) $185,364 (8.9%) 0.00 87
    2023-10-01 $148,100 (9.8%) $186,755 (3.8%) 0.00 86
    2023-11-01 $149,450 (7.0%) $185,916 (1.3%) 0.00 74
    2023-12-01 $145,000 (11.6%) $181,150 (9.6%) 0.00 75
    2024-01-01 $142,450 (18.7%) $178,802 (12.9%) 0.00 77
    2024-02-01 $143,675 (19.8%) $177,472 (8.5%) 0.00 69
    2024-03-01 $139,900 (-1.2%) $173,745 (-1.0%) 0.00 61
    2024-04-01 $144,900 (-2.6%) $191,504 (1.9%) 0.00 62
    2024-05-01 $146,900 (5.5%) $185,618 (-5.7%) 0.00 67
    2024-06-01 $141,950 (2.9%) $203,912 (9.6%) 0.00 79
    2024-07-01 $146,975 (10.2%) $205,549 (17.8%) 0.00 98
    2024-08-01 $157,450 (17.6%) $217,160 (25.6%) 0.00 115
    2024-09-01 $152,725 (9.2%) $210,722 (13.7%) 0.00 117
    2024-10-01 $142,400 (-3.9%) $203,489 (9.0%) 0.00 127
    2024-11-01 $146,500 (-2.0%) $195,611 (5.2%) 0.00 129
    2024-12-01 $149,900 (3.4%) $188,719 (4.2%) 0.00 121
    2025-01-01 $155,725 (9.3%) $205,345 (14.8%) 0.00 107
    2025-02-01 $158,950 (10.6%) $211,237 (19.0%) 0.00 100
    2025-03-01 $149,900 (7.2%) $212,078 (22.1%) 0.00 97
    2025-04-01 $151,975 (4.9%) $218,362 (14.0%) 0.00 99
    Sterling's median listing price for 2025-04-01 was $151,975, a difference of $7,075 (4.9%) versus the prior year and $2,075 versus the prior month.

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

    Sterling's average listing price for 2025-04-01 was $218,362, a difference of $26,858 (14.0%) versus the prior year and $6,284 versus the prior month.

    For the 2025-04-01 period, Sterling had 99 MLS listings, a difference of 2 listings (2%) versus the prior month and 37 listings (60%) 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 1,443 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 1,478 sqft
    2022-01-01 0 days 1,477 sqft
    2022-02-01 0 days 1,461 sqft
    2022-03-01 0 days 1,402 sqft
    2022-04-01 0 days 1,475 sqft
    2022-05-01 0 days 1,397 sqft
    2022-06-01 0 days 1,418 sqft
    2022-07-01 0 days 1,496 sqft
    2022-08-01 0 days 1,493 sqft
    2022-09-01 0 days 1,528 sqft
    2022-10-01 0 days 1,501 sqft
    2022-11-01 0 days 1,530 sqft
    2022-12-01 0 days 1,522 sqft
    2023-01-01 0 days 1,469 sqft
    2023-02-01 0 days 1,459 sqft
    2023-03-01 0 days 1,491 sqft
    2023-04-01 0 days 1,500 sqft
    2023-05-01 0 days 1,564 sqft
    2023-06-01 0 days 1,465 sqft
    2023-07-01 0 days 1,501 sqft
    2023-08-01 0 days 1,564 sqft
    2023-09-01 0 days 1,596 sqft
    2023-10-01 0 days 1,588 sqft
    2023-11-01 0 days 1,566 sqft
    2023-12-01 0 days 1,560 sqft
    2024-01-01 0 days 1,546 sqft
    2024-02-01 0 days 1,544 sqft
    2024-03-01 0 days 1,526 sqft
    2024-04-01 0 days 1,405 sqft
    2024-05-01 0 days 1,556 sqft
    2024-06-01 0 days 1,600 sqft
    2024-07-01 0 days 1,591 sqft
    2024-08-01 0 days 1,638 sqft
    2024-09-01 0 days 1,554 sqft
    2024-10-01 0 days 1,544 sqft
    2024-11-01 0 days 1,545 sqft
    2024-12-01 0 days 1,511 sqft
    2025-01-01 0 days 1,554 sqft
    2025-02-01 0 days 1,515 sqft
    2025-03-01 0 days 1,486 sqft
    2025-04-01 0 days 1,566 sqft
    Sterling's median listing age (time on market) for 2025-04-01 was 0 days.

    Sterling's median square footage for active listings during the 2025-04-01 period was 1,566 sqft. One year prior, the average listing was 1,405 sqft.

    Sterling, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 413 $55,575,000 $134,564
    Refi 116 $11,490,000 $99,052
    Cash Out Refi 64 $7,670,000 $119,844
    Other 48 $2,310,000 $48,125
    Home Improvement 34 $1,230,000 $36,176

    Sterling's most frequently cited loan purpose was Home Purchase, with 413 originations. The 2nd most popular reason was Refi, with 116 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 240 $34,330,000 $143,042
    7-8% 101 $11,585,000 $114,703
    Over 8% 56 $2,320,000 $41,429
    5-6% 43 $5,795,000 $134,767
    <2.5% 13 $95,000 $7,308
    4-5% 12 $990,000 $82,500

    During 2024, Sterling's most frequently originated rate bucket was 6-7%, with 240 originations.

    Loan Sizing (Sterling, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 320 $17,380,000 $54,313
    $100k-200k 278 $38,200,000 $137,410
    $200k-400k 66 $17,120,000 $259,394
    $400k-600k 10 $4,490,000 $449,000
    $Over $1MM 1 $1,085,000 $1,085,000

    Sterling's loan sizing saw the bucket of loans from $100,000 or less with 320 originations, totaling $17,380,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 249 $35,895,000 $144,157
    60-80% 73 $9,385,000 $128,562
    20-40% 50 $2,650,000 $53,000
    Under 20% 50 $1,410,000 $28,200
    40-60% 29 $2,975,000 $102,586
    Over 100% 8 $1,820,000 $227,500

    Sterling's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 249 originations, totaling $35,895,000 in origination value.