Sturgis Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Sturgis averaged
6.85%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.08% and
one month ago for the week of 2023-02-09, the
average rate was 6.27%.
Sturgis's average rate one year ago was 4.2%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.86%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Sturgis 30 Year Fixed Rate | 2023-03-16 | 6.85% |
Sturgis 30 Year Fixed Rate Refi | 2023-03-16 | 6.86% |
Sturgis 15 Year Fixed Rate | 2023-03-16 | 6.4% |
Sturgis 15 Year Fixed Rate Refi | 2023-03-16 | 6.09% |
Sturgis 30 Year FHA | 2023-03-16 | 6.68% |
Sturgis 30 Year FHA Refi | 2023-03-16 | 6.3% |
Sturgis 30 Year USDA | 2023-03-16 | 6.49% |
Sturgis 30 Year USDA Refi | 2023-03-16 | 6.64% |
Sturgis 30 Year VA | 2023-03-16 | 6.5% |
Sturgis 30 Year VA Refi | 2023-03-16 | 6.38% |
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 115 lenders originated 2,136
loans during 2021. The total origination value was $348,210,000, with an average loan value of
$163,020.
Sturgis's average closing costs are $3,620.
The top Sturgis lender as defined by loan originations is OAK MORTGAGE, LLC, with
157 loans originated. Their average total fees are
$3,219, which is $70
higher than the next largest lender,
OMNI Community Credit Union.
The lowest fee Sturgis lenders (with over 10 loans originated) are
RUOFF MORTGAGE COMPANY, INC. ($2,016), Kellogg Community Credit Union ($2,312), Southern Michigan Bank & Trust ($2,484), Farmers State Bank ($2,679) and CONSUMERS ($2,743).
The lowest rate Sturgis lenders (with over 10 loans originated) are
AMERISAVE MORTGAGE CORPORATION (2.86%), OAK MORTGAGE, LLC (2.96%), First State Bank of Middlebury (2.97%), LAKE MICHIGAN CREDIT UNION (3.05%) and Flagstar Bank, FSB (3.12%).
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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
OAK MORTGAGE, LLC | $70,435,000 | $55,680,000 | -20.9% | 16.0% |
QUICKEN LOANS, LLC | $18,785,000 | $26,955,000 | 43.5% | 7.7% |
RUOFF MORTGAGE COMPANY, INC. | $25,605,000 | $25,075,000 | -2.1% | 7.2% |
OMNI Community Credit Union | $13,810,000 | $16,415,000 | 18.9% | 4.7% |
AMERIFIRST FINANCIAL CORPORATION | $19,105,000 | $15,110,000 | -20.9% | 4.3% |
ARBOR FINANCIAL CREDIT UNION | $9,110,000 | $13,160,000 | 44.5% | 3.8% |
Fifth Third Bank | $8,630,000 | $9,540,000 | 10.5% | 2.7% |
Southern Michigan Bank & Trust | $7,630,000 | $9,310,000 | 22.0% | 2.7% |
Flagstar Bank, FSB | $7,215,000 | $8,980,000 | 24.5% | 2.6% |
LAKE MICHIGAN CREDIT UNION | $5,580,000 | $7,510,000 | 34.6% | 2.2% |
The Huntington National Bank | $10,690,000 | $7,295,000 | -31.8% | 2.1% |
UNITED WHOLESALE MORTGAGE, LLC | $2,750,000 | $6,905,000 | 151.1% | 2.0% |
CONSUMERS | $3,920,000 | $6,260,000 | 59.7% | 1.8% |
FREEDOM MORTGAGE CORPORATION | $4,540,000 | $5,015,000 | 10.5% | 1.4% |
Kellogg Community Credit Union | $4,145,000 | $4,930,000 | 18.9% | 1.4% |
Farmers State Bank | $2,690,000 | $4,525,000 | 68.2% | 1.3% |
First State Bank of Middlebury | $2,755,000 | $4,325,000 | 57.0% | 1.2% |
Horizon Bank | $6,760,000 | $4,015,000 | -40.6% | 1.2% |
INTERRA CREDIT UNION | $4,370,000 | $3,965,000 | -9.3% | 1.1% |
AMERISAVE MORTGAGE CORPORATION | $1,370,000 | $3,860,000 | 181.8% | 1.1% |
KeyBank | $1,395,000 | $3,750,000 | 168.8% | 1.1% |
Old National Bank | $1,945,000 | $3,425,000 | 76.1% | 1.0% |
Mr. Cooper ( Nationstar Mortgage ) | $1,645,000 | $3,070,000 | 86.6% | 0.9% |
Mortgage Research Center, LLC | $3,020,000 | $2,905,000 | -3.8% | 0.8% |
GUARANTEED RATE, INC. | $2,015,000 | $2,895,000 | 43.7% | 0.8% |
CROSSCOUNTRY MORTGAGE, LLC | $320,000 | $2,825,000 | 782.8% | 0.8% |
SUCCESS MORTGAGE PARTNERS, INC. | $1,360,000 | $2,780,000 | 104.4% | 0.8% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,855,000 | $2,595,000 | 39.9% | 0.7% |
Wells Fargo Bank | $1,930,000 | $2,575,000 | 33.4% | 0.7% |
JPMorgan Chase Bank | $3,415,000 | $2,430,000 | -28.8% | 0.7% |
LOANDEPOT.COM, LLC | $1,740,000 | $2,350,000 | 35.1% | 0.7% |
Sturgis Bank & Trust Company | $1,620,000 | $2,135,000 | 31.8% | 0.6% |
MORTGAGE CENTER L.C | $1,015,000 | $2,120,000 | 108.9% | 0.6% |
CALIBER HOME LOANS, INC. | $1,620,000 | $2,020,000 | 24.7% | 0.6% |
West Michigan Community Bank | $1,905,000 | n/a | 0.5% | |
GreenStone Farm Credit Services, FLCA | $1,670,000 | $1,750,000 | 4.8% | 0.5% |
HANCOCK MORTGAGE PARTNERS, LLC | $1,365,000 | $1,660,000 | 21.6% | 0.5% |
Honor Credit Union | $1,850,000 | $1,625,000 | -12.2% | 0.5% |
PENNYMAC LOAN SERVICES, LLC | $920,000 | $1,610,000 | 75.0% | 0.5% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,195,000 | $1,585,000 | -27.8% | 0.5% |
1st Source Bank | $2,225,000 | $1,515,000 | -31.9% | 0.4% |
First Federal Savings Bank | $2,795,000 | $1,460,000 | -47.8% | 0.4% |
Circle Federal Credit Union | $1,040,000 | $1,440,000 | 38.5% | 0.4% |
HOMESIDE FINANCIAL, LLC | $835,000 | $1,350,000 | 61.7% | 0.4% |
KALSEE CREDIT UNION | $850,000 | $1,315,000 | 54.7% | 0.4% |
UNION HOME MORTGAGE CORP. | $700,000 | $1,300,000 | 85.7% | 0.4% |
GVC MORTGAGE, INC. | $1,295,000 | n/a | 0.4% | |
MEMBER FIRST MORTGAGE, LLC | $605,000 | $1,240,000 | 105.0% | 0.4% |
PNC Bank | $1,770,000 | $1,225,000 | -30.8% | 0.4% |
LAKEVIEW LOAN SERVICING, LLC | $450,000 | $1,215,000 | 170.0% | 0.3% |
TEACHERS CREDIT UNION | $755,000 | $1,135,000 | 50.3% | 0.3% |
Mercantile Bank of Michigan | $375,000 | $1,125,000 | 200.0% | 0.3% |
BETTER MORTGAGE CORPORATION | $365,000 | $1,120,000 | 206.8% | 0.3% |
MUTUAL OF OMAHA MORTGAGE, INC. | $705,000 | $1,110,000 | 57.4% | 0.3% |
Lake City Bank | $1,320,000 | $1,065,000 | -19.3% | 0.3% |
MID AMERICA MORTGAGE, INC. | $1,045,000 | n/a | 0.3% | |
HOME POINT FINANCIAL CORPORATION | $850,000 | $1,020,000 | 20.0% | 0.3% |
NAVY FEDERAL CREDIT UNION | $570,000 | $1,005,000 | 76.3% | 0.3% |
Carrington Mortgage Services, LLC | $590,000 | $935,000 | 58.5% | 0.3% |
V.I.P. MORTGAGE, INC. | $155,000 | $925,000 | 496.8% | 0.3% |
Independent Bank | $925,000 | $910,000 | -1.6% | 0.3% |
U.S. Bank | $420,000 | $880,000 | 109.5% | 0.3% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $660,000 | $870,000 | 31.8% | 0.2% |
Citizens Bank | $1,720,000 | $835,000 | -51.5% | 0.2% |
InterContinental Capital Group, Inc | $820,000 | n/a | 0.2% | |
Pacor Mortgage Corp | $510,000 | $790,000 | 54.9% | 0.2% |
USAA Federal Savings Bank | $1,615,000 | $765,000 | -52.6% | 0.2% |
NEWREZ LLC | $260,000 | $735,000 | 182.7% | 0.2% |
VILLAGE CAPITAL & INVESTMENT LLC | $665,000 | $725,000 | 9.0% | 0.2% |
INOVA FEDERAL CREDIT UNION | $1,020,000 | $690,000 | -32.4% | 0.2% |
Barrington Bank & Trust Company, N.A. | $910,000 | $680,000 | -25.3% | 0.2% |
ADVIA | $400,000 | $665,000 | 66.3% | 0.2% |
Notre Dame Federal Credit Union Corporation | $525,000 | $650,000 | 23.8% | 0.2% |
BMO Harris Bank | $315,000 | $625,000 | 98.4% | 0.2% |
Bank of America | $660,000 | $615,000 | -6.8% | 0.2% |
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $70,000 | $605,000 | 764.3% | 0.2% |
VAN DYK MORTGAGE CORPORATION | $320,000 | $595,000 | 85.9% | 0.2% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $585,000 | $575,000 | -1.7% | 0.2% |
UNITED | $1,375,000 | $570,000 | -58.5% | 0.2% |
UBS Bank USA | $555,000 | n/a | 0.2% | |
FirstBank | $545,000 | n/a | 0.2% | |
First Federal Savings Bank | $2,795,000 | $545,000 | -80.5% | 0.2% |
The State Bank | $1,145,000 | $545,000 | -52.4% | 0.2% |
FINANCE OF AMERICA MORTGAGE LLC | $1,265,000 | $530,000 | -58.1% | 0.2% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $65,000 | $525,000 | 707.7% | 0.2% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $450,000 | $525,000 | 16.7% | 0.2% |
Associated Bank | $500,000 | n/a | 0.1% | |
Wyndham Capital Mortgage, Inc. | $215,000 | $500,000 | 132.6% | 0.1% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $250,000 | $490,000 | 96.0% | 0.1% |
KELLER MORTGAGE, LLC | $215,000 | $475,000 | 120.9% | 0.1% |
DFCU FINANCIAL | $435,000 | n/a | 0.1% | |
MLD MORTGAGE INC. | $105,000 | $425,000 | 304.8% | 0.1% |
First Merchants Bank | $580,000 | $420,000 | -27.6% | 0.1% |
United Bank of Michigan | $230,000 | $400,000 | 73.9% | 0.1% |
CELEBRITY HOME LOANS, LLC | $380,000 | n/a | 0.1% | |
Three Rivers Federal Credit Union | $55,000 | $380,000 | 590.9% | 0.1% |
The Campbell & Fetter Bank | $375,000 | n/a | 0.1% | |
LONGBRIDGE FINANCIAL, LLC | $365,000 | n/a | 0.1% | |
DRAPER AND KRAMER MORTGAGE CORP. | $1,095,000 | $360,000 | -67.1% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $1,005,000 | $360,000 | -64.2% | 0.1% |
The Federal Savings Bank | $410,000 | $360,000 | -12.2% | 0.1% |
Baxter Credit Union | $145,000 | $355,000 | 144.8% | 0.1% |
Paramount Residential Mortgage Group, Inc. | $400,000 | $335,000 | -16.3% | 0.1% |
Centier Bank | $330,000 | n/a | 0.1% | |
HALLMARK HOME MORTGAGE, LLC | $665,000 | $330,000 | -50.4% | 0.1% |
SUMMIT HOME MORTGAGE, LLC | $145,000 | $325,000 | 124.1% | 0.1% |
BLUELEAF LENDING, LLC | $290,000 | $320,000 | 10.3% | 0.1% |
Chiphone Federal Credit Union | $55,000 | $320,000 | 481.8% | 0.1% |
MARSHALL COMMUNITY CREDIT UNION | $1,355,000 | $320,000 | -76.4% | 0.1% |
MORTGAGE 1 INCORPORATED | $115,000 | $320,000 | 178.3% | 0.1% |
AMERICAN FINANCIAL NETWORK, INC. | $315,000 | n/a | 0.1% | |
ACADEMY MORTGAGE CORPORATION | $450,000 | $310,000 | -31.1% | 0.1% |
Chicago Financial Services, Inc. | $415,000 | $295,000 | -28.9% | 0.1% |
FIRST CENTENNIAL MORTGAGE CORPORATION | $295,000 | $295,000 | 0.0% | 0.1% |
STAUNTON FINANCIAL, INC. | $295,000 | n/a | 0.1% | |
CenterBank | $285,000 | n/a | 0.1% | |
Magnolia Bank | $95,000 | $275,000 | 189.5% | 0.1% |
TOP FLITE FINANCIAL, INC. | $275,000 | n/a | 0.1% | |
United Bay Community Credit Union | $190,000 | $275,000 | 44.7% | 0.1% |
NORWICH COMMERCIAL GROUP, INC. | $265,000 | n/a | 0.1% | |
STAR Financial Bank | $255,000 | n/a | 0.1% | |
GUARANTEED RATE AFFINITY, LLC | $245,000 | n/a | 0.1% | |
Sierra Pacific Mortgage Company, Inc. | $245,000 | n/a | 0.1% | |
Citibank | $135,000 | $235,000 | 74.1% | 0.1% |
Platinum Home Mortgage Corporation | $235,000 | n/a | 0.1% | |
Marquette Bank | $155,000 | $225,000 | 45.2% | 0.1% |
ChoiceOne Bank | $215,000 | n/a | 0.1% | |
Directions Credit Union, Inc. | $215,000 | n/a | 0.1% | |
PREMIA MORTGAGE, LLC | $215,000 | n/a | 0.1% | |
Allied First Bank,sb | $205,000 | n/a | 0.1% | |
Chicago Mortgage Solutions LLC | $105,000 | $205,000 | 95.2% | 0.1% |
NORTHERN MORTGAGE SERVICES, LLC | $480,000 | $205,000 | -57.3% | 0.1% |
CHURCHILL MORTGAGE CORPORATION | $280,000 | $200,000 | -28.6% | 0.1% |
AmeriHome Mortgage Company, LLC | $195,000 | n/a | 0.1% | |
Home State Bank | $195,000 | n/a | 0.1% | |
NETWORK CAPITAL FUNDING CORPORATION | $195,000 | n/a | 0.1% | |
SOUTHWEST FUNDING, LP | $185,000 | $195,000 | 5.4% | 0.1% |
Triumph Bank | $135,000 | $195,000 | 44.4% | 0.1% |
Northpointe Bank | $1,070,000 | $190,000 | -82.2% | 0.1% |
American Community Bank of Indiana | $185,000 | n/a | 0.1% | |
Farm Credit Mid-America, ACA | $185,000 | n/a | 0.1% | |
Servion, Inc. | $185,000 | n/a | 0.1% | |
First Option Mortgage, LLC | $165,000 | n/a | 0.0% | |
The Dart Bank | $230,000 | $165,000 | -28.3% | 0.0% |
Thumb Bank and Trust | $165,000 | n/a | 0.0% | |
UNITED SECURITY FINANCIAL CORP | $165,000 | n/a | 0.0% | |
First Home Bank | $175,000 | $155,000 | -11.4% | 0.0% |
OCMBC, INC. | $155,000 | n/a | 0.0% | |
The Citizens National Bank of Bluffton | $155,000 | n/a | 0.0% | |
The Farmers & Merchants State Bank | $175,000 | $155,000 | -11.4% | 0.0% |
Bank of England | $210,000 | $135,000 | -35.7% | 0.0% |
DOW CHEMICAL EMPLOYEES' | $135,000 | n/a | 0.0% | |
Level One Bank | $135,000 | n/a | 0.0% | |
BEACON CREDIT UNION | $105,000 | $125,000 | 19.0% | 0.0% |
CMG MORTGAGE, INC. | $125,000 | n/a | 0.0% | |
COMPASS MORTGAGE, INC. | $890,000 | $125,000 | -86.0% | 0.0% |
NEW DAY FINANCIAL, LLC | $210,000 | $125,000 | -40.5% | 0.0% |
The State Bank and Trust Company | $125,000 | n/a | 0.0% | |
Commerce Home Mortgage, Inc. | $115,000 | n/a | 0.0% | |
ALLIANT CREDIT UNION | $105,000 | n/a | 0.0% | |
Deere Employees Credit Union | $105,000 | n/a | 0.0% | |
PENTAGON FEDERAL CREDIT UNION | $105,000 | $95,000 | -9.5% | 0.0% |
Homestead Savings Bank | $85,000 | n/a | 0.0% | |
BROKER SOLUTIONS, INC. | $880,000 | $75,000 | -91.5% | 0.0% |
Isabella Bank | $550,000 | $75,000 | -86.4% | 0.0% |
TOWNE MORTGAGE COMPANY | $390,000 | $75,000 | -80.8% | 0.0% |
AMERICAN FINANCIAL RESOURCES, INC. | $105,000 | $65,000 | -38.1% | 0.0% |
STOCKTON MORTGAGE CORPORATION | $65,000 | n/a | 0.0% | |
Figure Lending LLC | $55,000 | n/a | 0.0% | |
SPRING EQ, LLC | $55,000 | n/a | 0.0% | |
EVANSVILLE TEACHERS | $305,000 | $45,000 | -85.2% | 0.0% |
21ST MORTGAGE CORPORATION | $175,000 | $40,000 | -77.1% | 0.0% |
ELGA CREDIT UNION | $35,000 | n/a | 0.0% | |
GreenStone Farm Credit Services, ACA | $35,000 | n/a | 0.0% | |
COMMUNITY CHOICE CREDIT UNION | $25,000 | n/a | 0.0% | |
Home Loan Investment Bank, F.S.B. | $25,000 | $15,000 | -40.0% | 0.0% |
Sturgis's top lender by overall market share is OAK MORTGAGE, LLC, with 16.0% market share. In second place, with 7.7%, is QUICKEN LOANS, LLC, having originated $26,955,000 in loans. In third place, with 7.2%, is RUOFF MORTGAGE COMPANY, INC., having originated $25,075,000 in loans. In fourth place, with 4.7%, is OMNI Community Credit Union, having originated $16,415,000 in loans. In fifth place, with 4.3%, is AMERIFIRST FINANCIAL CORPORATION, having originated $15,110,000 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%) | $276,813 (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 | $212,500 (-5.6%) | $292,516 (-15.5%) | 0.00 | 103 |
2022-09-01 | $239,225 (7.5%) | $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%) | $253,436 (-21.3%) | 0.00 | 84 |
2023-02-01 | $209,250 (19.6%) | $275,615 (-4.1%) | 0.00 | 65 |
Sturgis's median listing price comes in at 0% of the national average.
Sturgis's average listing price for 2023-02-01 was $275,615, a difference of $-11,902 (-4.1%) versus the prior year and $22,179 versus the prior month.
For the 2023-02-01 period, Sturgis had 65 MLS listings, a difference of -19 listings (-23%) versus the prior month and -4 listings (-6%) 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 | 1,826 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 | 1,725 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 | 1,778 sqft |
2023-02-01 | 0 days | 1,795 sqft |
Sturgis's median square footage for active listings during the 2023-02-01 period was 1,795 sqft. One year prior, the average listing was 1,737 sqft.
Sturgis, MI Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 807 | $154,995,000 | $192,063 |
Refi | 736 | $108,610,000 | $147,568 |
Cash Out Refi | 441 | $70,615,000 | $160,125 |
Home Improvement | 88 | $7,060,000 | $80,227 |
Other | 64 | $6,930,000 | $108,281 |
Sturgis's most frequently cited loan purpose was Home Purchase, with 807 originations. The 2nd most popular reason was Refi, with 736 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 866 | $138,550,000 | $159,988 |
2.5-3% | 765 | $133,205,000 | $174,124 |
<2.5% | 354 | $59,290,000 | $167,486 |
4-5% | 86 | $9,490,000 | $110,349 |
5-6% | 16 | $1,350,000 | $84,375 |
6-7% | 10 | $510,000 | $51,000 |
Over 8% | 7 | $305,000 | $43,571 |
7-8% | 3 | $55,000 | $18,333 |
During 2021, Sturgis's most frequently originated rate bucket was 3-4%, with 866 originations.
Loan Sizing (Sturgis, MI MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 985 | $141,895,000 | $144,056 |
$100,000 or less | 609 | $39,795,000 | $65,345 |
$200k-400k | 464 | $122,960,000 | $265,000 |
$400k-600k | 62 | $29,300,000 | $472,581 |
$600k-1000k | 12 | $8,400,000 | $700,000 |
$Over $1MM | 4 | $5,860,000 | $1,465,000 |
Sturgis's loan sizing saw the bucket of loans from $100k-200k with 985 originations, totaling $141,895,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 745 | $138,395,000 | $185,765 |
60-80% | 728 | $129,870,000 | $178,393 |
40-60% | 337 | $47,215,000 | $140,104 |
20-40% | 157 | $14,515,000 | $92,452 |
Under 20% | 75 | $2,545,000 | $33,933 |
Over 100% | 7 | $1,485,000 | $212,143 |
Sturgis's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 745 originations, totaling $138,395,000 in origination value.