Sturgis Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Sturgis averaged 6.45% for the week of 2024-03-14, compared to the national average of 6.74% for the same period.

The average rate for the prior week (2024-03-07) was 6.59% and one month ago for the week of 2024-02-08, the average rate was 6.45%.

Sturgis's average rate one year ago was 6.64%.

For refis of the same type during the week of 2024-03-14, the average rate was 6.94%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-03-14 6.74%
Sturgis 30 Year Fixed Rate 2024-03-14 6.45%
Sturgis 30 Year Fixed Rate Refi 2024-03-14 6.94%
Sturgis 15 Year Fixed Rate 2024-03-14 6.06%
Sturgis 15 Year Fixed Rate Refi 2024-03-14 6.26%
Sturgis 30 Year FHA 2024-03-14 6.06%
Sturgis 30 Year FHA Refi 2024-03-14 6.5%
Sturgis 30 Year USDA 2024-03-14 6.79%
Sturgis 30 Year USDA Refi 2024-03-14 6.39%
Sturgis 30 Year VA 2024-03-14 6.24%
Sturgis 30 Year VA Refi 2024-03-14 6.54%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Sturgis, MI.

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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
OAK MORTGAGE, LLC 102 4.94% $3,188
OMNI Community Credit Union 50 5.19% $4,684
QUICKEN LOANS, LLC 33 5.21% $6,017
RUOFF MORTGAGE COMPANY, INC. 27 5.34% $3,439
CONSUMERS 22 5.30% $2,848
AMERIFIRST FINANCIAL CORPORATION 15 5.55% $5,125
The Huntington National Bank 13 5.26% $3,101
ARBOR FINANCIAL CREDIT UNION 11 4.66% $3,156
Flagstar Bank, FSB 10 5.56% $2,908
Fifth Third Bank 10 4.82% $3,393
Mr. Cooper ( Nationstar Mortgage ) 10 5.11% $7,150
Horizon Bank 10 5.10% $2,913
INTERRA CREDIT UNION 10 5.61% $3,360
HANCOCK MORTGAGE PARTNERS, LLC 10 5.16% $4,268
Farmers State Bank 9 4.11% $3,363
UNITED WHOLESALE MORTGAGE, LLC 9 5.61% $4,736
Wells Fargo Bank 6 5.13% $5,507
JPMorgan Chase Bank 6 4.46% $3,837
SUCCESS MORTGAGE PARTNERS, INC. 5 5.62% $6,871
Southern Michigan Bank & Trust 5 4.80% $2,789
FREEDOM MORTGAGE CORPORATION 5 4.38% $3,759
GUARANTEED RATE, INC. 4 5.28% $5,195
LAKE MICHIGAN CREDIT UNION 4 5.09% $5,275
LOANDEPOT.COM, LLC 4 4.96% $4,536
Circle Federal Credit Union 4 5.38% $4,672
MORTGAGE CENTER L.C 3 5.00% $2,642
Citizens Bank 3 6.29% $3,856
Kellogg Community Credit Union 3 5.38% $2,691
U.S. Bank 3 4.54% $12,499
VAN DYK MORTGAGE CORPORATION 3 5.58% $1,767
Neighborhood Loans, Inc. 3 5.50% $4,523
Northpointe Bank 3 6.38% $5,542
Lake City Bank 3 4.96% $2,600
CROSSCOUNTRY MORTGAGE, LLC 3 5.53% $6,380
PREMIA MORTGAGE, LLC 3 5.77% $0
KeyBank 2 4.98% $1,772
DOW CHEMICAL EMPLOYEES' 2 5.88% $3,225
First State Bank of Middlebury 2 5.69% $2,666
AMERISAVE MORTGAGE CORPORATION 2 5.06% $4,193
MID AMERICA MORTGAGE, INC. 2 5.69% $3,705
GreenStone Farm Credit Services, FLCA 2 4.48% $4,378
GVC MORTGAGE, INC. 2 5.50% $5,199
Old National Bank 2 4.50% $6,318
Pacor Mortgage Corp 2 3.19% $2,990
PNC Bank 2 5.19% $3,117
Hometown Lenders, Inc. 2 5.63% $4,606
Honor Credit Union 2 4.31% $2,404
Independent Bank 2 5.75% $5,800
The Dart Bank 2 4.63% $3,445
The Farmers & Merchants State Bank 2 4.08% $4,108
First Federal Savings Bank 2 4.50% $3,179
North American Savings Bank, F.S.B. 1 4.25% $1,046
Northwest Bank 1 7.38% $1,699
PENNYMAC LOAN SERVICES, LLC 1 5.88% $6,876
PFCU 1 6.00% $2,283
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.88% $5,783
PROPER RATE, LLC 1 5.75% $3,373
RESIDENTIAL BANCORP 1 2.88% $3,326
ROYAL UNITED MORTGAGE LLC 1 5.38% $5,260
SOFI LENDING CORP. 1 3.13% $2,425
Sunflower Bank 1 6.75% $3,790
TEACHERS CREDIT UNION 1 4.50% $2,989
Three Rivers Federal Credit Union 1 3.25% $3,079
UNION HOME MORTGAGE CORP. 1 4.38% $2,627
1st Source Bank 1 3.25% $3,401
Zeal Credit Union 1 3.50% $2,268
Ally Bank 1 4.00% $5,749
AMERICAN FINANCING CORPORATION 1 3.38% $5,138
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $3,635
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.75% $4,654
Associated Bank 1 4.38% $6,405
Barrington Bank & Trust Company, N.A. 1 5.88% $2,750
Bethpage Federal Credit Union 1 4.38% $3,307
BETTER MORTGAGE CORPORATION 1 2.75% $950
BLUELEAF LENDING, LLC 1 3.88% $2,517
BROKER SOLUTIONS, INC. 1 5.63% $4,481
CALIBER HOME LOANS, INC. 1 4.88% $3,153
CARDINAL FINANCIAL 1 6.50% $3,196
Carrington Mortgage Services, LLC 1 6.00% $6,741
CHERRY CREEK MORTGAGE, LLC 1 6.38% $785
ChoiceOne Bank 1 4.75% $2,495
CITIZENS EQUITY FIRST 1 4.00% $2,144
CMG MORTGAGE, INC. 1 3.99% $5,894
Comerica Bank 1 4.00% $2,289
CONTOUR MORTGAGE CORPORATION 1 5.63% $6,578
Deere Employees Credit Union 1 5.00% $3,346
Discover Bank 1 4.49% $0
Equity Prime Mortgage LLC 1 4.38% $2,188
EVERENCE FEDERAL CREDIT UNION 1 5.88% $2,525
Farm Credit Mid-America, ACA 1 5.85% $5,949
FINANCE OF AMERICA MORTGAGE LLC 1 4.50% $3,134
FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.75% $2,903
FIRST COMMUNITY MORTGAGE, INC. 1 6.88% $8,525
First Merchants Bank 1 4.13% $3,544
FIRST NORTHERN Credit Union 1 7.50% $2,830
Frankenmuth Credit Union 1 5.00% $2,460
German American Bank 1 6.13% $2,938
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.99% $6,701
GREENSTATE CREDIT UNION 1 6.25% $3,612
HALLMARK HOME MORTGAGE, LLC 1 6.99% $4,434
HOME POINT FINANCIAL CORPORATION 1 2.99% $1,615
HOMESTEAD FUNDING CORP. 1 4.50% $8,220
Iroquois Federal Savings and Loan Association 1 3.50% $3,780
KALSEE CREDIT UNION 1 5.75% $5,414
Key Mortgage Services, Inc. 1 5.38% $3,008
LAKEVIEW LOAN SERVICING, LLC 1 5.63% $7,728
LEADERONE FINANCIAL CORPORATION 1 6.75% $5,006
LOANPAL, LLC 1 4.25% $2,918
Marquette Bank 1 5.63% $9,619
MEMBER FIRST MORTGAGE, LLC 1 3.25% $2,989
Mercantile Bank of Michigan 1 5.50% $2,678
MLD MORTGAGE INC. 1 5.50% $9,473
M&T Bank 1 4.88% $5,885
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $4,686
NAVY FEDERAL CREDIT UNION 1 7.13% $1,232
NEWREZ LLC 1 4.38% $5,394

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. Louis
Date 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
Sturgis's median listing price for 2024-01-01 was $217,250, a difference of $12,300 (6.0%) versus the prior year and $-12,650 versus the prior month.

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

Sturgis's average listing price for 2024-01-01 was $323,614, a difference of $70,097 (27.7%) versus the prior year and $-22,072 versus the prior month.

For the 2024-01-01 period, Sturgis had 76 MLS listings, a difference of -1 listings (-1%) versus the prior month and -8 listings (-10%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sturgis (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,754 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
Sturgis's median listing age (time on market) for 2024-01-01 was 0 days.

Sturgis's median square footage for active listings during the 2024-01-01 period was 1,655 sqft. One year prior, the average listing was 1,786 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.