Sturgis Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Sturgis averaged
7.1%
for the week of 2023-11-22, compared to the national average of
7.29% for the same period.
The average rate for the prior week (2023-11-16) was
7.15% and
one month ago for the week of 2023-10-19, the
average rate was 7.64%.
Sturgis's average rate one year ago was 6.72%.
For refis of the same type during the week of 2023-11-22, the average rate
was 7.29%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-22 | 7.29% |
Sturgis 30 Year Fixed Rate | 2023-11-22 | 7.1% |
Sturgis 30 Year Fixed Rate Refi | 2023-11-22 | 7.29% |
Sturgis 15 Year Fixed Rate | 2023-11-22 | 6.67% |
Sturgis 15 Year Fixed Rate Refi | 2023-11-22 | 6.87% |
Sturgis 30 Year FHA | 2023-11-22 | -0.14% |
Sturgis 30 Year FHA Refi | 2023-11-22 | -0.1% |
Sturgis 30 Year USDA | 2023-11-22 | 0% |
Sturgis 30 Year USDA Refi | 2023-11-22 | -0.1% |
Sturgis 30 Year VA | 2023-11-22 | 0.2% |
Sturgis 30 Year VA Refi | 2023-11-22 | 0% |
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 116 lenders originated 1,499
loans during 2022. The total origination value was $220,335,000, with an average loan value of
$146,988.
Sturgis's average closing costs are $3,854.
The top Sturgis lender as defined by loan originations is OAK MORTGAGE, LLC, with
102 loans originated. Their average total fees are
$3,188, which is $1,496
lower than the next largest lender,
OMNI Community Credit Union.
The lowest fee Sturgis lenders (with over 10 loans originated) are
CONSUMERS ($2,848), Flagstar Bank, FSB ($2,908), Horizon Bank ($2,913), The Huntington National Bank ($3,101) and ARBOR FINANCIAL CREDIT UNION ($3,156).
The lowest rate Sturgis lenders (with over 10 loans originated) are
ARBOR FINANCIAL CREDIT UNION (4.66%), Fifth Third Bank (4.82%), OAK MORTGAGE, LLC (4.94%), Horizon Bank (5.10%) and Mr. Cooper ( Nationstar Mortgage ) (5.11%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
OAK MORTGAGE, LLC | $55,680,000 | $28,245,000 | -49.3% | 12.8% |
QUICKEN LOANS, LLC | $26,955,000 | $16,550,000 | -38.6% | 7.5% |
Sturgis Bank & Trust Company | $2,135,000 | $13,245,000 | 520.4% | 6.0% |
OMNI Community Credit Union | $16,415,000 | $12,580,000 | -23.4% | 5.7% |
RUOFF MORTGAGE COMPANY, INC. | $25,075,000 | $12,085,000 | -51.8% | 5.5% |
AMERIFIRST FINANCIAL CORPORATION | $15,110,000 | $7,740,000 | -48.8% | 3.5% |
ARBOR FINANCIAL CREDIT UNION | $13,160,000 | $7,465,000 | -43.3% | 3.4% |
The Huntington National Bank | $7,295,000 | $6,055,000 | -17.0% | 2.7% |
Fifth Third Bank | $9,540,000 | $5,090,000 | -46.6% | 2.3% |
CONSUMERS | $6,260,000 | $4,480,000 | -28.4% | 2.0% |
Farmers State Bank | $4,525,000 | $4,270,000 | -5.6% | 1.9% |
UNITED WHOLESALE MORTGAGE, LLC | $6,905,000 | $4,060,000 | -41.2% | 1.8% |
Flagstar Bank, FSB | $8,980,000 | $3,380,000 | -62.4% | 1.5% |
Horizon Bank | $4,015,000 | $3,190,000 | -20.5% | 1.4% |
JPMorgan Chase Bank | $2,430,000 | $3,065,000 | 26.1% | 1.4% |
U.S. Bank | $880,000 | $2,845,000 | 223.3% | 1.3% |
1st Source Bank | $1,515,000 | $2,560,000 | 69.0% | 1.2% |
Southern Michigan Bank & Trust | $9,310,000 | $2,550,000 | -72.6% | 1.2% |
Mr. Cooper ( Nationstar Mortgage ) | $3,070,000 | $2,535,000 | -17.4% | 1.2% |
INTERRA CREDIT UNION | $3,965,000 | $2,460,000 | -38.0% | 1.1% |
Mortgage Research Center, LLC | $2,905,000 | $2,310,000 | -20.5% | 1.0% |
LAKE MICHIGAN CREDIT UNION | $7,510,000 | $2,240,000 | -70.2% | 1.0% |
SUCCESS MORTGAGE PARTNERS, INC. | $2,780,000 | $2,170,000 | -21.9% | 1.0% |
Old National Bank | $3,425,000 | $2,140,000 | -37.5% | 1.0% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,585,000 | $2,125,000 | 34.1% | 1.0% |
HANCOCK MORTGAGE PARTNERS, LLC | $1,660,000 | $2,070,000 | 24.7% | 0.9% |
LOANDEPOT.COM, LLC | $2,350,000 | $1,975,000 | -16.0% | 0.9% |
GUARANTEED RATE, INC. | $2,895,000 | $1,965,000 | -32.1% | 0.9% |
CROSSCOUNTRY MORTGAGE, LLC | $2,825,000 | $1,680,000 | -40.5% | 0.8% |
Kellogg Community Credit Union | $4,930,000 | $1,620,000 | -67.1% | 0.7% |
AMERISAVE MORTGAGE CORPORATION | $3,860,000 | $1,580,000 | -59.1% | 0.7% |
FREEDOM MORTGAGE CORPORATION | $5,015,000 | $1,450,000 | -71.1% | 0.7% |
Wells Fargo Bank | $2,575,000 | $1,445,000 | -43.9% | 0.7% |
MEMBER FIRST MORTGAGE, LLC | $1,240,000 | $1,430,000 | 15.3% | 0.6% |
PNC Bank | $1,225,000 | $1,425,000 | 16.3% | 0.6% |
First Federal Savings Bank | $545,000 | $1,370,000 | 151.4% | 0.6% |
Lake City Bank | $1,065,000 | $1,330,000 | 24.9% | 0.6% |
First State Bank of Middlebury | $4,325,000 | $1,280,000 | -70.4% | 0.6% |
Honor Credit Union | $1,625,000 | $1,225,000 | -24.6% | 0.6% |
KeyBank | $3,750,000 | $1,225,000 | -67.3% | 0.6% |
The Dart Bank | $165,000 | $1,155,000 | 600.0% | 0.5% |
Carrington Mortgage Services, LLC | $935,000 | $1,135,000 | 21.4% | 0.5% |
Circle Federal Credit Union | $1,440,000 | $1,130,000 | -21.5% | 0.5% |
USAA Federal Savings Bank | $765,000 | $1,120,000 | 46.4% | 0.5% |
Pacor Mortgage Corp | $790,000 | $1,005,000 | 27.2% | 0.5% |
LAKEVIEW LOAN SERVICING, LLC | $1,215,000 | $945,000 | -22.2% | 0.4% |
Northpointe Bank | $190,000 | $940,000 | 394.7% | 0.4% |
Citizens Bank | $835,000 | $875,000 | 4.8% | 0.4% |
GVC MORTGAGE, INC. | $1,295,000 | $830,000 | -35.9% | 0.4% |
Farm Credit Mid-America, ACA | $185,000 | $775,000 | 318.9% | 0.4% |
MORTGAGE CENTER L.C | $2,120,000 | $745,000 | -64.9% | 0.3% |
PENNYMAC LOAN SERVICES, LLC | $1,610,000 | $745,000 | -53.7% | 0.3% |
GreenStone Farm Credit Services, FLCA | $1,750,000 | $710,000 | -59.4% | 0.3% |
PREMIA MORTGAGE, LLC | $215,000 | $685,000 | 218.6% | 0.3% |
Associated Bank | $500,000 | $645,000 | 29.0% | 0.3% |
Barrington Bank & Trust Company, N.A. | $680,000 | $600,000 | -11.8% | 0.3% |
Neighborhood Loans, Inc. | $565,000 | n/a | 0.3% | |
NEWREZ LLC | $735,000 | $560,000 | -23.8% | 0.3% |
VAN DYK MORTGAGE CORPORATION | $595,000 | $525,000 | -11.8% | 0.2% |
HOMESTEAD FUNDING CORP. | $515,000 | n/a | 0.2% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,595,000 | $500,000 | -80.7% | 0.2% |
CONTOUR MORTGAGE CORPORATION | $485,000 | n/a | 0.2% | |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $490,000 | $480,000 | -2.0% | 0.2% |
ZILLOW HOME LOANS, LLC | $475,000 | n/a | 0.2% | |
HOMESIDE FINANCIAL, LLC | $1,350,000 | $470,000 | -65.2% | 0.2% |
Independent Bank | $910,000 | $470,000 | -48.4% | 0.2% |
BMO Harris Bank | $625,000 | $465,000 | -25.6% | 0.2% |
HOME POINT FINANCIAL CORPORATION | $1,020,000 | $465,000 | -54.4% | 0.2% |
North American Savings Bank, F.S.B. | $455,000 | n/a | 0.2% | |
PROPER RATE, LLC | $455,000 | n/a | 0.2% | |
KALSEE CREDIT UNION | $1,315,000 | $450,000 | -65.8% | 0.2% |
CALIBER HOME LOANS, INC. | $2,020,000 | $445,000 | -78.0% | 0.2% |
Hometown Lenders, Inc. | $440,000 | n/a | 0.2% | |
COMMUNITY FINANCIAL CREDIT UNION | $430,000 | n/a | 0.2% | |
Iroquois Federal Savings and Loan Association | $425,000 | n/a | 0.2% | |
Comerica Bank | $415,000 | n/a | 0.2% | |
The Campbell & Fetter Bank | $375,000 | $410,000 | 9.3% | 0.2% |
The Farmers & Merchants State Bank | $155,000 | $410,000 | 164.5% | 0.2% |
Equity Prime Mortgage LLC | $400,000 | n/a | 0.2% | |
Three Rivers Federal Credit Union | $380,000 | $400,000 | 5.3% | 0.2% |
First Merchants Bank | $420,000 | $395,000 | -6.0% | 0.2% |
FirstBank | $545,000 | $385,000 | -29.4% | 0.2% |
Beverly Bank & Trust | $375,000 | n/a | 0.2% | |
ADVIA | $665,000 | $370,000 | -44.4% | 0.2% |
HALLMARK HOME MORTGAGE, LLC | $330,000 | $370,000 | 12.1% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $1,110,000 | $370,000 | -66.7% | 0.2% |
DOW CHEMICAL EMPLOYEES' | $135,000 | $360,000 | 166.7% | 0.2% |
Mercantile Bank of Michigan | $1,125,000 | $360,000 | -68.0% | 0.2% |
Marquette Bank | $225,000 | $355,000 | 57.8% | 0.2% |
MID AMERICA MORTGAGE, INC. | $1,045,000 | $350,000 | -66.5% | 0.2% |
MORTGAGE 1 INCORPORATED | $320,000 | $350,000 | 9.4% | 0.2% |
NAVY FEDERAL CREDIT UNION | $1,005,000 | $320,000 | -68.2% | 0.1% |
BROKER SOLUTIONS, INC. | $75,000 | $315,000 | 320.0% | 0.1% |
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $605,000 | $310,000 | -48.8% | 0.1% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $870,000 | $300,000 | -65.5% | 0.1% |
UNION HOME MORTGAGE CORP. | $1,300,000 | $300,000 | -76.9% | 0.1% |
MLD MORTGAGE INC. | $425,000 | $295,000 | -30.6% | 0.1% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $575,000 | $280,000 | -51.3% | 0.1% |
ChoiceOne Bank | $215,000 | $275,000 | 27.9% | 0.1% |
EMBRACE HOME LOANS, INC. | $275,000 | n/a | 0.1% | |
CHERRY CREEK MORTGAGE, LLC | $265,000 | n/a | 0.1% | |
FIRST NORTHERN Credit Union | $265,000 | n/a | 0.1% | |
THE ANDERSON FINANCIAL GROUP, INC. | $265,000 | n/a | 0.1% | |
TEACHERS CREDIT UNION | $1,135,000 | $260,000 | -77.1% | 0.1% |
BETTER MORTGAGE CORPORATION | $1,120,000 | $255,000 | -77.2% | 0.1% |
BLUELEAF LENDING, LLC | $320,000 | $255,000 | -20.3% | 0.1% |
Busey Bank | $255,000 | n/a | 0.1% | |
CMG MORTGAGE, INC. | $125,000 | $255,000 | 104.0% | 0.1% |
LEADERONE FINANCIAL CORPORATION | $255,000 | n/a | 0.1% | |
Notre Dame Federal Credit Union Corporation | $650,000 | $250,000 | -61.5% | 0.1% |
FIRST COMMUNITY MORTGAGE, INC. | $235,000 | n/a | 0.1% | |
FLAT BRANCH MORTGAGE, INC. | $225,000 | n/a | 0.1% | |
FINANCE OF AMERICA MORTGAGE LLC | $530,000 | $220,000 | -58.5% | 0.1% |
Magnolia Bank | $275,000 | $215,000 | -21.8% | 0.1% |
Paramount Bank | $215,000 | n/a | 0.1% | |
M&T Bank | $210,000 | n/a | 0.1% | |
Ally Bank | $205,000 | n/a | 0.1% | |
GREENSTATE CREDIT UNION | $205,000 | n/a | 0.1% | |
Bethpage Federal Credit Union | $195,000 | n/a | 0.1% | |
SOFI LENDING CORP. | $195,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $185,000 | n/a | 0.1% | |
AMERICAN INTERNET MORTGAGE, INC. | $185,000 | n/a | 0.1% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $185,000 | n/a | 0.1% | |
Sunflower Bank | $185,000 | n/a | 0.1% | |
FIRST CENTENNIAL MORTGAGE CORPORATION | $295,000 | $175,000 | -40.7% | 0.1% |
NEW DAY FINANCIAL, LLC | $125,000 | $175,000 | 40.0% | 0.1% |
Discover Bank | $170,000 | n/a | 0.1% | |
Deere Employees Credit Union | $105,000 | $165,000 | 57.1% | 0.1% |
German American Bank | $165,000 | n/a | 0.1% | |
MIDWEST LOAN SOLUTIONS, INC. | $165,000 | n/a | 0.1% | |
INOVA FEDERAL CREDIT UNION | $690,000 | $160,000 | -76.8% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $360,000 | $160,000 | -55.6% | 0.1% |
Nations Lending Corporation | $155,000 | n/a | 0.1% | |
PHH Mortgage Corporation | $155,000 | n/a | 0.1% | |
RESIDENTIAL BANCORP. | $155,000 | n/a | 0.1% | |
TOP FLITE FINANCIAL, INC. | $275,000 | $155,000 | -43.6% | 0.1% |
CITIZENS EQUITY FIRST | $145,000 | n/a | 0.1% | |
EQUITY RESOURCES, INC. | $135,000 | n/a | 0.1% | |
REVERSE MORTGAGE FUNDING LLC | $135,000 | n/a | 0.1% | |
CHURCHILL MORTGAGE CORPORATION | $200,000 | $125,000 | -37.5% | 0.1% |
AMERICAN FINANCING CORPORATION | $115,000 | n/a | 0.1% | |
EVERETT FINANCIAL, INC. | $115,000 | n/a | 0.1% | |
Northwest Bank | $115,000 | n/a | 0.1% | |
UNITED | $570,000 | $115,000 | -79.8% | 0.1% |
EVERENCE FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
Isabella Bank | $75,000 | $105,000 | 40.0% | 0.0% |
LOANPAL, LLC | $105,000 | n/a | 0.0% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $95,000 | n/a | 0.0% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $525,000 | $85,000 | -83.8% | 0.0% |
Frankenmuth Credit Union | $85,000 | n/a | 0.0% | |
Key Mortgage Services, Inc. | $85,000 | n/a | 0.0% | |
21ST MORTGAGE CORPORATION | $40,000 | $80,000 | 100.0% | 0.0% |
First Guaranty Mortgage Corporation | $65,000 | n/a | 0.0% | |
BayCoast Bank | $55,000 | n/a | 0.0% | |
PFCU | $55,000 | n/a | 0.0% | |
SPRING EQ, LLC | $55,000 | $55,000 | 0.0% | 0.0% |
Stifel Bank and Trust | $55,000 | n/a | 0.0% | |
EVANSVILLE TEACHERS | $45,000 | $45,000 | 0.0% | 0.0% |
Zeal Credit Union | $45,000 | n/a | 0.0% | |
Centier Bank | $330,000 | $25,000 | -92.4% | 0.0% |
Figure Lending LLC | $55,000 | $25,000 | -54.5% | 0.0% |
GENISYS | $25,000 | n/a | 0.0% | |
COMMUNITY FIRST | $15,000 | n/a | 0.0% |
Sturgis's top lender by overall market share is OAK MORTGAGE, LLC, with 12.8% market share. In second place, with 7.5%, is QUICKEN LOANS, LLC, having originated $16,550,000 in loans. In third place, with 6.0%, is Sturgis Bank & Trust Company, having originated $13,245,000 in loans. In fourth place, with 5.7%, is OMNI Community Credit Union, having originated $12,580,000 in loans. In fifth place, with 5.5%, is RUOFF MORTGAGE COMPANY, INC., having originated $12,085,000 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 | $212,500 (6.3%) | $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 (4.6%) | $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 | 96 |
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 | $229,950 (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 |
Sturgis's median listing price comes in at 0% of the national average.
Sturgis's average listing price for 2023-10-01 was $338,395, a difference of $41,233 (13.9%) versus the prior year and $-5,541 versus the prior month.
For the 2023-10-01 period, Sturgis had 89 MLS listings, a difference of 9 listings (11%) versus the prior month and -3 listings (-3%) 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 | 1,934 sqft |
2018-12-01 | 0 days | 1,849 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 | 1,826 sqft |
2019-09-01 | 0 days | 1,811 sqft |
2019-10-01 | 0 days | 1,800 sqft |
2019-11-01 | 0 days | 1,799 sqft |
2019-12-01 | 0 days | 1,698 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 | 1,772 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 |
Sturgis's median square footage for active listings during the 2023-10-01 period was 1,628 sqft. One year prior, the average listing was 1,833 sqft.
Sturgis, MI Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 657 | $126,815,000 | $193,021 |
Cash Out Refi | 308 | $45,990,000 | $149,318 |
Home Improvement | 200 | $11,550,000 | $57,750 |
Other | 173 | $15,725,000 | $90,896 |
Refi | 161 | $20,255,000 | $125,807 |
Sturgis's most frequently cited loan purpose was Home Purchase, with 657 originations. The 2nd most popular reason was Cash Out Refi, with 308 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 338 | $57,770,000 | $170,917 |
4-5% | 296 | $47,500,000 | $160,473 |
3-4% | 289 | $46,465,000 | $160,779 |
6-7% | 197 | $27,775,000 | $140,990 |
2.5-3% | 77 | $12,395,000 | $160,974 |
7-8% | 64 | $5,780,000 | $90,313 |
<2.5% | 33 | $6,285,000 | $190,455 |
Over 8% | 30 | $1,400,000 | $46,667 |
During 2022, Sturgis's most frequently originated rate bucket was 5-6%, with 338 originations.
Loan Sizing (Sturgis, MI MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 600 | $85,700,000 | $142,833 |
$100,000 or less | 570 | $31,290,000 | $54,895 |
$200k-400k | 285 | $75,645,000 | $265,421 |
$400k-600k | 27 | $12,705,000 | $470,556 |
$600k-1000k | 14 | $10,540,000 | $752,857 |
$Over $1MM | 3 | $4,455,000 | $1,485,000 |
Sturgis's loan sizing saw the bucket of loans from $100k-200k with 600 originations, totaling $85,700,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 515 | $93,245,000 | $181,058 |
60-80% | 324 | $66,180,000 | $204,259 |
40-60% | 176 | $25,950,000 | $147,443 |
20-40% | 167 | $13,455,000 | $80,569 |
Under 20% | 144 | $5,360,000 | $37,222 |
Over 100% | 4 | $1,120,000 | $280,000 |
Sturgis's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 515 originations, totaling $93,245,000 in origination value.