Sturgis Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Sturgis averaged
6.32%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.12% and
one month ago for the week of 2024-09-05, the
average rate was 6.25%.
Sturgis's average rate one year ago was 7.79%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.52%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Sturgis 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Sturgis 30 Year Fixed Rate Refi | 2024-10-10 | 6.52% |
Sturgis 15 Year Fixed Rate | 2024-10-10 | 5.61% |
Sturgis 15 Year Fixed Rate Refi | 2024-10-10 | 5.51% |
Sturgis 30 Year FHA | 2024-10-10 | 6.49% |
Sturgis 30 Year FHA Refi | 2024-10-10 | 6.1% |
Sturgis 30 Year USDA | 2024-10-10 | 5.98% |
Sturgis 30 Year USDA Refi | 2024-10-10 | 5.88% |
Sturgis 30 Year VA | 2024-10-10 | 5.75% |
Sturgis 30 Year VA Refi | 2024-10-10 | 6.05% |
Sturgis 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 Sturgis, MI 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.).
Sturgis Average Closing Costs & Other Stats
Sturgis, MI's 81 lenders originated 1,161
loans during 2023. The total origination value was $163,495,000, with an average loan value of
$140,823.
Sturgis's average closing costs are $4,006.
The top Sturgis lender as defined by loan originations is OAK MORTGAGE, LLC, with
73 loans originated. Their average total fees are
$3,105, which is $773
lower than the next largest lender,
RUOFF MORTGAGE COMPANY, INC..
The lowest fee Sturgis lenders (with over 10 loans originated) are
INTERRA CREDIT UNION ($3,045), OAK MORTGAGE, LLC ($3,105), CONSUMERS ($3,204), ARBOR FINANCIAL CREDIT UNION ($3,418) and OMNI Community Credit Union ($3,770).
The lowest rate Sturgis lenders (with over 10 loans originated) are
INTERRA CREDIT UNION (6.11%), ARBOR FINANCIAL CREDIT UNION (6.65%), CONSUMERS (6.82%), OAK MORTGAGE, LLC (6.86%) and RUOFF MORTGAGE COMPANY, INC. (6.89%).
Sturgis, MI 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 |
---|---|---|---|---|
OAK MORTGAGE, LLC | $28,245,000 | $19,240,000 | -31.9% | 11.8% |
Sturgis Bank & Trust Company | $13,245,000 | $12,745,000 | -3.8% | 7.8% |
OMNI Community Credit Union | $12,580,000 | $10,250,000 | -18.5% | 6.3% |
RUOFF MORTGAGE COMPANY, INC. | $12,085,000 | $9,600,000 | -20.6% | 5.9% |
QUICKEN LOANS, LLC | $16,550,000 | $7,675,000 | -53.6% | 4.7% |
UNITED WHOLESALE MORTGAGE, LLC | $4,060,000 | $5,875,000 | 44.7% | 3.6% |
Fifth Third Bank | $5,090,000 | $4,730,000 | -7.1% | 2.9% |
The Huntington National Bank | $6,055,000 | $3,725,000 | -38.5% | 2.3% |
ARBOR FINANCIAL CREDIT UNION | $7,465,000 | $3,685,000 | -50.6% | 2.3% |
LAKE MICHIGAN CREDIT UNION | $2,240,000 | $3,475,000 | 55.1% | 2.1% |
Neighborhood Loans, Inc. | $565,000 | $3,120,000 | 452.2% | 1.9% |
CONSUMERS | $4,480,000 | $3,075,000 | -31.4% | 1.9% |
UNION HOME MORTGAGE CORP. | $300,000 | $2,880,000 | 860.0% | 1.8% |
Flagstar Bank, FSB | $3,380,000 | $2,870,000 | -15.1% | 1.8% |
Mortgage Research Center, LLC | $2,310,000 | $2,565,000 | 11.0% | 1.6% |
CARDINAL FINANCIAL | $2,125,000 | $2,555,000 | 20.2% | 1.6% |
INTERRA CREDIT UNION | $2,460,000 | $2,495,000 | 1.4% | 1.5% |
Farmers State Bank | $4,270,000 | $2,415,000 | -43.4% | 1.5% |
Lake City Bank | $1,330,000 | $2,060,000 | 54.9% | 1.3% |
GVC MORTGAGE, INC. | $830,000 | $2,025,000 | 144.0% | 1.2% |
Horizon Bank | $3,190,000 | $1,925,000 | -39.7% | 1.2% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $280,000 | $1,890,000 | 575.0% | 1.2% |
Southern Michigan Bank & Trust | $2,550,000 | $1,730,000 | -32.2% | 1.1% |
GreenStone Farm Credit Services, FLCA | $710,000 | $1,585,000 | 123.2% | 1.0% |
SUCCESS MORTGAGE PARTNERS, INC. | $2,170,000 | $1,480,000 | -31.8% | 0.9% |
Carrington Mortgage Services, LLC | $1,135,000 | $1,405,000 | 23.8% | 0.9% |
JPMorgan Chase Bank | $3,065,000 | $1,395,000 | -54.5% | 0.9% |
Kellogg Community Credit Union | $1,620,000 | $1,360,000 | -16.0% | 0.8% |
The Campbell & Fetter Bank | $410,000 | $1,165,000 | 184.1% | 0.7% |
MEMBER FIRST MORTGAGE, LLC | $1,430,000 | $1,130,000 | -21.0% | 0.7% |
MORTGAGE CENTER L.C | $745,000 | $1,130,000 | 51.7% | 0.7% |
The Fountain Trust Company | $1,105,000 | n/a | 0.7% | |
HALLMARK HOME MORTGAGE, LLC | $370,000 | $1,095,000 | 195.9% | 0.7% |
GUARANTEED RATE, INC. | $1,965,000 | $1,055,000 | -46.3% | 0.6% |
Old National Bank | $2,140,000 | $1,005,000 | -53.0% | 0.6% |
ADVIA | $370,000 | $995,000 | 168.9% | 0.6% |
BROKER SOLUTIONS, INC. | $315,000 | $990,000 | 214.3% | 0.6% |
Citizens Bank | $875,000 | $935,000 | 6.9% | 0.6% |
First State Bank of Middlebury | $1,280,000 | $900,000 | -29.7% | 0.6% |
CROSSCOUNTRY MORTGAGE, LLC | $1,680,000 | $890,000 | -47.0% | 0.5% |
The Farmers & Merchants State Bank | $410,000 | $870,000 | 112.2% | 0.5% |
TEACHERS CREDIT UNION | $260,000 | $845,000 | 225.0% | 0.5% |
FREEDOM MORTGAGE CORPORATION | $1,450,000 | $830,000 | -42.8% | 0.5% |
Bank of America | $800,000 | n/a | 0.5% | |
CONTOUR MORTGAGE CORPORATION | $485,000 | $770,000 | 58.8% | 0.5% |
Northpointe Bank | $940,000 | $770,000 | -18.1% | 0.5% |
Wells Fargo Bank | $1,445,000 | $750,000 | -48.1% | 0.5% |
PNC Bank | $1,425,000 | $745,000 | -47.7% | 0.5% |
First Federal Savings Bank | $1,370,000 | $725,000 | -47.1% | 0.4% |
Independent Bank | $470,000 | $720,000 | 53.2% | 0.4% |
PREMIA MORTGAGE, LLC | $685,000 | $680,000 | -0.7% | 0.4% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $500,000 | $680,000 | 36.0% | 0.4% |
VAN DYK MORTGAGE CORPORATION | $525,000 | $655,000 | 24.8% | 0.4% |
Honor Credit Union | $1,225,000 | $650,000 | -46.9% | 0.4% |
Municipal Trust and Savings Bank | $615,000 | n/a | 0.4% | |
Morgan Stanley Private Bank | $605,000 | n/a | 0.4% | |
CITY FIRST MORTGAGE SERVICES, L.L.C. | $600,000 | n/a | 0.4% | |
AMERISAVE MORTGAGE CORPORATION | $1,580,000 | $540,000 | -65.8% | 0.3% |
The Dart Bank | $1,155,000 | $540,000 | -53.2% | 0.3% |
MORTGAGE 1 INCORPORATED | $350,000 | $530,000 | 51.4% | 0.3% |
TOWNE MORTGAGE COMPANY | $525,000 | n/a | 0.3% | |
Mercantile Bank of Michigan | $360,000 | $515,000 | 43.1% | 0.3% |
UNITED | $115,000 | $515,000 | 347.8% | 0.3% |
MICHIGAN MUTUAL, INC. | $475,000 | n/a | 0.3% | |
1st Source Bank | $2,560,000 | $465,000 | -81.8% | 0.3% |
LAKEVIEW LOAN SERVICING, LLC | $945,000 | $420,000 | -55.6% | 0.3% |
MUTUAL OF OMAHA MORTGAGE, INC. | $370,000 | $420,000 | 13.5% | 0.3% |
NAVY FEDERAL CREDIT UNION | $320,000 | $420,000 | 31.3% | 0.3% |
GUILD MORTGAGE COMPANY | $415,000 | n/a | 0.3% | |
Figure Lending LLC | $25,000 | $385,000 | 1,440.0% | 0.2% |
Old Second National Bank | $385,000 | n/a | 0.2% | |
POLARIS HOME FUNDING CORP. | $370,000 | n/a | 0.2% | |
FINANCE OF AMERICA REVERSE LLC | $345,000 | n/a | 0.2% | |
Prosperity Home Mortgage, LLC | $340,000 | n/a | 0.2% | |
AMERICAN FINANCIAL RESOURCES, INC. | $335,000 | n/a | 0.2% | |
BLG HOLDINGS, INC. | $335,000 | n/a | 0.2% | |
Mr. Cooper ( Nationstar Mortgage ) | $2,535,000 | $310,000 | -87.8% | 0.2% |
Notre Dame Federal Credit Union Corporation | $250,000 | $310,000 | 24.0% | 0.2% |
Pacor Mortgage Corp | $1,005,000 | $310,000 | -69.2% | 0.2% |
ChoiceOne Bank | $275,000 | $300,000 | 9.1% | 0.2% |
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $310,000 | $295,000 | -4.8% | 0.2% |
U.S. Bank | $2,845,000 | $280,000 | -90.2% | 0.2% |
Summit Credit Union | $275,000 | n/a | 0.2% | |
BETTER MORTGAGE CORPORATION | $255,000 | $265,000 | 3.9% | 0.2% |
INOVA FEDERAL CREDIT UNION | $160,000 | $260,000 | 62.5% | 0.2% |
KeyBank | $1,225,000 | $250,000 | -79.6% | 0.2% |
TOP FLITE FINANCIAL, INC. | $155,000 | $250,000 | 61.3% | 0.2% |
GREAT LAKES | $245,000 | n/a | 0.1% | |
USAA Federal Savings Bank | $1,120,000 | $245,000 | -78.1% | 0.1% |
United Bay Community Credit Union | $235,000 | n/a | 0.1% | |
LOANDEPOT.COM, LLC | $1,975,000 | $230,000 | -88.4% | 0.1% |
Centier Bank | $25,000 | $225,000 | 800.0% | 0.1% |
NEW DAY FINANCIAL, LLC | $175,000 | $225,000 | 28.6% | 0.1% |
Platinum Home Mortgage Corporation | $225,000 | n/a | 0.1% | |
LENDINGHOME FUNDING CORPORATION | $200,000 | n/a | 0.1% | |
GENEVA FINANCIAL, LLC | $195,000 | n/a | 0.1% | |
VILLAGE CAPITAL MORTGAGE | $195,000 | n/a | 0.1% | |
First Federal Bank | $185,000 | n/a | 0.1% | |
21ST MORTGAGE CORPORATION | $80,000 | $180,000 | 125.0% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $160,000 | $180,000 | 12.5% | 0.1% |
United Bank of Michigan | $180,000 | n/a | 0.1% | |
NATIONS DIRECT MORTGAGE, LLC | $175,000 | n/a | 0.1% | |
HOWARD HANNA FINANCIAL SERVICES, INC. | $165,000 | n/a | 0.1% | |
Preston Home Loans Inc | $165,000 | n/a | 0.1% | |
J. VIRGIL, INC. | $155,000 | n/a | 0.1% | |
NEWREZ LLC | $560,000 | $155,000 | -72.3% | 0.1% |
NORTHERN MORTGAGE SERVICES, LLC | $155,000 | n/a | 0.1% | |
STOCKTON MORTGAGE CORPORATION | $155,000 | n/a | 0.1% | |
THRIVE MORTGAGE, LLC | $155,000 | n/a | 0.1% | |
BAY EQUITY LLC | $145,000 | n/a | 0.1% | |
GREENSTATE CREDIT UNION | $205,000 | $145,000 | -29.3% | 0.1% |
LONGBRIDGE FINANCIAL, LLC | $145,000 | n/a | 0.1% | |
SUMMIT HOME MORTGAGE, LLC | $145,000 | n/a | 0.1% | |
PENNYMAC LOAN SERVICES, LLC | $745,000 | $135,000 | -81.9% | 0.1% |
CREDIT UNION ONE | $125,000 | n/a | 0.1% | |
FIRST COLONY MORTGAGE CORPORATION | $125,000 | n/a | 0.1% | |
ILLINOIS STATE CREDIT UNION | $125,000 | n/a | 0.1% | |
AMERICAN FINANCING CORPORATION | $115,000 | $115,000 | 0.0% | 0.1% |
GSF Mortgage Corporation | $115,000 | n/a | 0.1% | |
MARSHALL COMMUNITY CREDIT UNION | $115,000 | n/a | 0.1% | |
Ally Bank | $205,000 | $95,000 | -53.7% | 0.1% |
LIMA ONE CAPITAL, LLC | $95,000 | n/a | 0.1% | |
Three Rivers Federal Credit Union | $400,000 | $95,000 | -76.3% | 0.1% |
PFCU | $55,000 | $90,000 | 63.6% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $85,000 | n/a | 0.1% | |
Discover Bank | $170,000 | $80,000 | -52.9% | 0.0% |
Coastal Community Bank | $75,000 | n/a | 0.0% | |
KALSEE CREDIT UNION | $450,000 | $65,000 | -85.6% | 0.0% |
Leader Bank | $65,000 | n/a | 0.0% | |
STAUNTON FINANCIAL, INC. | $65,000 | n/a | 0.0% | |
Lake Trust Credit Union | $45,000 | n/a | 0.0% | |
Lakeview Community Capital, LLC | $35,000 | n/a | 0.0% | |
EVERENCE FEDERAL CREDIT UNION | $105,000 | $25,000 | -76.2% | 0.0% |
MidFirst Bank | $25,000 | n/a | 0.0% | |
PENTAGON FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% |
Sturgis's top lender by overall market share is OAK MORTGAGE, LLC, with 11.8% market share. In second place, with 7.8%, is Sturgis Bank & Trust Company, having originated $12,745,000 in loans. In third place, with 6.3%, is OMNI Community Credit Union, having originated $10,250,000 in loans. In fourth place, with 5.9%, is RUOFF MORTGAGE COMPANY, INC., having originated $9,600,000 in loans. In fifth place, with 4.7%, is QUICKEN LOANS, LLC, having originated $7,675,000 in loans.
Sturgis Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Sturgis (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $161,200 (15.2%) | $205,540 (6.3%) | 0.00 | 157 |
2018-02-01 | $166,675 (19.1%) | $212,100 (11.3%) | 0.00 | 149 |
2018-03-01 | $169,900 (7.2%) | $216,607 (0.4%) | 0.00 | 144 |
2018-04-01 | $181,425 (9.3%) | $230,524 (7.7%) | 0.00 | 146 |
2018-05-01 | $202,450 (23.8%) | $236,456 (12.1%) | 0.00 | 156 |
2018-06-01 | $199,900 (21.0%) | $238,874 (12.1%) | 0.00 | 158 |
2018-07-01 | $184,975 (12.1%) | $243,687 (14.1%) | 0.00 | 184 |
2018-08-01 | $173,000 (8.2%) | $238,035 (13.3%) | 0.00 | 197 |
2018-09-01 | $167,950 (3.7%) | $235,066 (10.8%) | 0.00 | 194 |
2018-10-01 | $167,400 (3.4%) | $238,953 (12.9%) | 0.00 | 181 |
2018-11-01 | $173,675 (8.6%) | $234,879 (9.8%) | 0.00 | 179 |
2018-12-01 | $159,900 (-3.0%) | $226,745 (5.6%) | 0.00 | 174 |
2019-01-01 | $168,950 (4.8%) | $233,003 (13.4%) | 0.00 | 156 |
2019-02-01 | $178,650 (7.2%) | $247,638 (16.8%) | 0.00 | 140 |
2019-03-01 | $189,729 (11.7%) | $271,752 (25.5%) | 0.00 | 140 |
2019-04-01 | $192,904 (6.3%) | $276,797 (20.1%) | 0.00 | 149 |
2019-05-01 | $213,725 (5.6%) | $292,083 (23.5%) | 0.00 | 155 |
2019-06-01 | $213,500 (6.8%) | $284,092 (18.9%) | 0.00 | 163 |
2019-07-01 | $193,225 (4.5%) | $267,110 (9.6%) | 0.00 | 188 |
2019-08-01 | $188,873 (9.2%) | $265,822 (11.7%) | 0.00 | 200 |
2019-09-01 | $185,007 (10.2%) | $262,666 (11.7%) | 0.00 | 216 |
2019-10-01 | $180,950 (8.1%) | $258,573 (8.2%) | 0.00 | 227 |
2019-11-01 | $179,900 (3.6%) | $242,109 (3.1%) | 0.00 | 206 |
2019-12-01 | $163,825 (2.5%) | $231,212 (2.0%) | 0.00 | 198 |
2020-01-01 | $177,450 (5.0%) | $236,874 (1.7%) | 0.00 | 186 |
2020-02-01 | $181,950 (1.9%) | $246,263 (-0.6%) | 0.00 | 186 |
2020-03-01 | $183,425 (-3.3%) | $259,045 (-4.7%) | 0.00 | 167 |
2020-04-01 | $189,400 (-1.8%) | $268,313 (-3.1%) | 0.00 | 157 |
2020-05-01 | $197,250 (-7.7%) | $286,762 (-1.8%) | 0.00 | 148 |
2020-06-01 | $222,350 (4.2%) | $305,475 (7.5%) | 0.00 | 133 |
2020-07-01 | $212,273 (9.9%) | $313,943 (17.5%) | 0.00 | 125 |
2020-08-01 | $219,950 (16.5%) | $316,475 (19.1%) | 0.00 | 102 |
2020-09-01 | $193,444 (4.6%) | $301,610 (14.8%) | 0.00 | 81 |
2020-10-01 | $169,950 (-6.1%) | $289,563 (12.0%) | 0.00 | 88 |
2020-11-01 | $180,975 (0.6%) | $306,961 (26.8%) | 0.00 | 82 |
2020-12-01 | $156,800 (-4.3%) | $302,197 (30.7%) | 0.00 | 82 |
2021-01-01 | $149,950 (-15.5%) | $309,138 (30.5%) | 0.00 | 61 |
2021-02-01 | $169,150 (-7.0%) | $314,921 (27.9%) | 0.00 | 44 |
2021-03-01 | $162,150 (-11.6%) | $372,944 (44.0%) | 0.00 | 42 |
2021-04-01 | $197,400 (4.2%) | $414,570 (54.5%) | 0.00 | 34 |
2021-05-01 | $225,000 (14.1%) | $419,214 (46.2%) | 0.00 | 38 |
2021-06-01 | $232,500 (4.6%) | $383,613 (25.6%) | 0.00 | 58 |
2021-07-01 | $231,950 (9.3%) | $354,345 (12.9%) | 0.00 | 65 |
2021-08-01 | $225,000 (2.3%) | $346,263 (9.4%) | 0.00 | 74 |
2021-09-01 | $222,450 (15.0%) | $347,732 (15.3%) | 0.00 | 86 |
2021-10-01 | $225,000 (32.4%) | $387,132 (33.7%) | 0.00 | 77 |
2021-11-01 | $186,250 (2.9%) | $320,273 (4.3%) | 0.00 | 72 |
2021-12-01 | $181,950 (16.0%) | $317,323 (5.0%) | 0.00 | 64 |
2022-01-01 | $175,900 (17.3%) | $322,176 (4.2%) | 0.00 | 62 |
2022-02-01 | $174,950 (3.4%) | $287,517 (-8.7%) | 0.00 | 69 |
2022-03-01 | $175,158 (8.0%) | $306,692 (-17.8%) | 0.00 | 56 |
2022-04-01 | $239,900 (21.5%) | $354,518 (-14.5%) | 0.00 | 51 |
2022-05-01 | $256,200 (13.9%) | $340,282 (-18.8%) | 0.00 | 65 |
2022-06-01 | $267,200 (14.9%) | $381,475 (-0.6%) | 0.00 | 83 |
2022-07-01 | $247,500 (6.7%) | $319,078 (-10.0%) | 0.00 | 95 |
2022-08-01 | $213,725 (-5.0%) | $292,578 (-15.5%) | 0.00 | 103 |
2022-09-01 | $239,450 (7.6%) | $302,600 (-13.0%) | 0.00 | 98 |
2022-10-01 | $229,900 (2.2%) | $297,162 (-23.2%) | 0.00 | 92 |
2022-11-01 | $210,000 (12.8%) | $268,350 (-16.2%) | 0.00 | 95 |
2022-12-01 | $199,900 (9.9%) | $258,989 (-18.4%) | 0.00 | 94 |
2023-01-01 | $204,950 (16.5%) | $253,517 (-21.3%) | 0.00 | 84 |
2023-02-01 | $210,500 (20.3%) | $275,279 (-4.3%) | 0.00 | 65 |
2023-03-01 | $211,400 (20.7%) | $311,829 (1.7%) | 0.00 | 42 |
2023-04-01 | $249,900 (4.2%) | $310,953 (-12.3%) | 0.00 | 49 |
2023-05-01 | $247,475 (-3.4%) | $292,771 (-14.0%) | 0.00 | 59 |
2023-06-01 | $269,225 (0.8%) | $341,760 (-10.4%) | 0.00 | 67 |
2023-07-01 | $254,900 (3.0%) | $343,952 (7.8%) | 0.00 | 75 |
2023-08-01 | $254,900 (19.3%) | $340,703 (16.5%) | 0.00 | 85 |
2023-09-01 | $249,950 (4.4%) | $343,936 (13.7%) | 0.00 | 80 |
2023-10-01 | $233,650 (1.6%) | $338,395 (13.9%) | 0.00 | 89 |
2023-11-01 | $220,225 (4.9%) | $317,808 (18.4%) | 0.00 | 82 |
2023-12-01 | $229,900 (15.0%) | $345,686 (33.5%) | 0.00 | 77 |
2024-01-01 | $217,250 (6.0%) | $323,614 (27.7%) | 0.00 | 76 |
2024-02-01 | $231,500 (10.0%) | $296,590 (7.7%) | 0.00 | 71 |
2024-03-01 | $239,450 (13.3%) | $295,803 (-5.1%) | 0.00 | 83 |
2024-04-01 | $256,950 (2.8%) | $335,727 (8.0%) | 0.00 | 90 |
2024-05-01 | $289,000 (16.8%) | $381,839 (30.4%) | 0.00 | 89 |
2024-06-01 | $299,998 (11.4%) | $381,086 (11.5%) | 0.00 | 102 |
2024-07-01 | $262,450 (3.0%) | $328,715 (-4.4%) | 0.00 | 101 |
2024-08-01 | $269,900 (5.9%) | $326,970 (-4.0%) | 0.00 | 114 |
2024-09-01 | $257,400 (3.0%) | $308,897 (-10.2%) | 0.00 | 136 |
Sturgis's median listing price comes in at 0% of the national average.
Sturgis's average listing price for 2024-09-01 was $308,897, a difference of $-35,039 (-10.2%) versus the prior year and $-18,073 versus the prior month.
For the 2024-09-01 period, Sturgis had 136 MLS listings, a difference of 22 listings (19%) versus the prior month and 56 listings (70%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sturgis (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,754 sqft |
2018-02-01 | 0 days | 1,734 sqft |
2018-03-01 | 0 days | 1,741 sqft |
2018-04-01 | 0 days | 1,783 sqft |
2018-05-01 | 0 days | 1,804 sqft |
2018-06-01 | 0 days | 1,775 sqft |
2018-07-01 | 0 days | 1,789 sqft |
2018-08-01 | 0 days | 1,733 sqft |
2018-09-01 | 0 days | 1,877 sqft |
2018-10-01 | 0 days | 1,880 sqft |
2018-11-01 | 0 days | 1,935 sqft |
2018-12-01 | 0 days | 1,850 sqft |
2019-01-01 | 0 days | 1,946 sqft |
2019-02-01 | 0 days | 1,935 sqft |
2019-03-01 | 0 days | 1,894 sqft |
2019-04-01 | 0 days | 1,836 sqft |
2019-05-01 | 0 days | 1,879 sqft |
2019-06-01 | 0 days | 1,840 sqft |
2019-07-01 | 0 days | 1,767 sqft |
2019-08-01 | 0 days | 1,829 sqft |
2019-09-01 | 0 days | 1,818 sqft |
2019-10-01 | 0 days | 1,805 sqft |
2019-11-01 | 0 days | 1,800 sqft |
2019-12-01 | 0 days | 1,710 sqft |
2020-01-01 | 0 days | 1,766 sqft |
2020-02-01 | 0 days | 1,741 sqft |
2020-03-01 | 0 days | 1,783 sqft |
2020-04-01 | 0 days | 1,770 sqft |
2020-05-01 | 0 days | 1,801 sqft |
2020-06-01 | 0 days | 1,893 sqft |
2020-07-01 | 0 days | 1,849 sqft |
2020-08-01 | 0 days | 1,931 sqft |
2020-09-01 | 0 days | 1,756 sqft |
2020-10-01 | 0 days | 1,720 sqft |
2020-11-01 | 0 days | 1,708 sqft |
2020-12-01 | 0 days | 1,624 sqft |
2021-01-01 | 0 days | 1,654 sqft |
2021-02-01 | 0 days | 1,669 sqft |
2021-03-01 | 0 days | 1,628 sqft |
2021-04-01 | 0 days | 1,664 sqft |
2021-05-01 | 0 days | 1,844 sqft |
2021-06-01 | 0 days | 1,922 sqft |
2021-07-01 | 0 days | 1,890 sqft |
2021-08-01 | 0 days | 1,977 sqft |
2021-09-01 | 0 days | 1,799 sqft |
2021-10-01 | 0 days | 1,800 sqft |
2021-11-01 | 0 days | 1,741 sqft |
2021-12-01 | 0 days | 1,701 sqft |
2022-01-01 | 0 days | 1,700 sqft |
2022-02-01 | 0 days | 1,737 sqft |
2022-03-01 | 0 days | 1,675 sqft |
2022-04-01 | 0 days | 1,816 sqft |
2022-05-01 | 0 days | 1,822 sqft |
2022-06-01 | 0 days | 1,802 sqft |
2022-07-01 | 0 days | 1,783 sqft |
2022-08-01 | 0 days | 1,769 sqft |
2022-09-01 | 0 days | 1,731 sqft |
2022-10-01 | 0 days | 1,833 sqft |
2022-11-01 | 0 days | 1,802 sqft |
2022-12-01 | 0 days | 1,730 sqft |
2023-01-01 | 0 days | 1,786 sqft |
2023-02-01 | 0 days | 1,800 sqft |
2023-03-01 | 0 days | 1,755 sqft |
2023-04-01 | 0 days | 1,800 sqft |
2023-05-01 | 0 days | 1,703 sqft |
2023-06-01 | 0 days | 1,867 sqft |
2023-07-01 | 0 days | 1,830 sqft |
2023-08-01 | 0 days | 1,785 sqft |
2023-09-01 | 0 days | 1,826 sqft |
2023-10-01 | 0 days | 1,628 sqft |
2023-11-01 | 0 days | 1,619 sqft |
2023-12-01 | 0 days | 1,700 sqft |
2024-01-01 | 0 days | 1,655 sqft |
2024-02-01 | 0 days | 1,635 sqft |
2024-03-01 | 0 days | 1,645 sqft |
2024-04-01 | 0 days | 1,863 sqft |
2024-05-01 | 0 days | 1,988 sqft |
2024-06-01 | 0 days | 2,000 sqft |
2024-07-01 | 0 days | 1,793 sqft |
2024-08-01 | 0 days | 1,822 sqft |
2024-09-01 | 0 days | 1,772 sqft |
Sturgis's median square footage for active listings during the 2024-09-01 period was 1,772 sqft. One year prior, the average listing was 1,826 sqft.
Sturgis, MI Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 585 | $114,495,000 | $195,718 |
Other | 197 | $13,415,000 | $68,096 |
Cash Out Refi | 165 | $20,095,000 | $121,788 |
Home Improvement | 129 | $7,865,000 | $60,969 |
Refi | 85 | $7,625,000 | $89,706 |
Sturgis's most frequently cited loan purpose was Home Purchase, with 585 originations. The 2nd most popular reason was Other, with 197 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 404 | $70,030,000 | $173,342 |
7-8% | 280 | $47,320,000 | $169,000 |
Over 8% | 158 | $11,980,000 | $75,823 |
5-6% | 93 | $15,495,000 | $166,613 |
<2.5% | 12 | $240,000 | $20,000 |
4-5% | 2 | $970,000 | $485,000 |
2.5-3% | 2 | $80,000 | $40,000 |
During 2023, Sturgis's most frequently originated rate bucket was 6-7%, with 404 originations.
Loan Sizing (Sturgis, MI MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 479 | $24,455,000 | $51,054 |
$100k-200k | 430 | $62,870,000 | $146,209 |
$200k-400k | 222 | $57,790,000 | $260,315 |
$400k-600k | 18 | $8,760,000 | $486,667 |
$600k-1000k | 10 | $6,630,000 | $663,000 |
$Over $1MM | 2 | $2,990,000 | $1,495,000 |
Sturgis's loan sizing saw the bucket of loans from $100,000 or less with 479 originations, totaling $24,455,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 413 | $78,935,000 | $191,126 |
60-80% | 194 | $38,120,000 | $196,495 |
Under 20% | 123 | $4,765,000 | $38,740 |
20-40% | 116 | $8,800,000 | $75,862 |
40-60% | 103 | $13,975,000 | $135,680 |
Over 100% | 7 | $1,885,000 | $269,286 |
Sturgis's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 413 originations, totaling $78,935,000 in origination value.