Sturgis Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Sturgis averaged 6.82% for the week of 2025-05-22, compared to the national average of 6.86% for the same period.

    The average rate for the prior week (2025-05-15) was 6.67% and one month ago for the week of 2025-04-17, the average rate was 7.09%.

    Sturgis's average rate one year ago was 6.88%.

    For refis of the same type during the week of 2025-05-22, the average rate was 6.96%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-05-22 6.86%
    Sturgis 30 Year Fixed Rate 2025-05-22 6.82%
    Sturgis 30 Year Fixed Rate Refi 2025-05-22 6.96%
    Sturgis 15 Year Fixed Rate 2025-05-22 6.01%
    Sturgis 15 Year Fixed Rate Refi 2025-05-22 6.21%
    Sturgis 30 Year FHA 2025-05-22 7.05%
    Sturgis 30 Year FHA Refi 2025-05-22 6.81%
    Sturgis 30 Year USDA 2025-05-22 6.23%
    Sturgis 30 Year USDA Refi 2025-05-22 6.53%
    Sturgis 30 Year VA 2025-05-22 6.52%
    Sturgis 30 Year VA Refi 2025-05-22 6.42%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    OAK MORTGAGE, LLC 53 6.57% $3,114
    RUOFF MORTGAGE COMPANY, INC. 44 6.68% $3,087
    QUICKEN LOANS, LLC 39 6.77% $5,881
    OMNI Community Credit Union 24 6.64% $3,747
    CONSUMERS 17 6.83% $3,079
    LAKE MICHIGAN CREDIT UNION 15 6.52% $3,444
    ARBOR FINANCIAL CREDIT UNION 14 6.66% $3,233
    UNITED WHOLESALE MORTGAGE, LLC 14 7.15% $5,676
    Fifth Third Bank 13 7.13% $3,561
    CARDINAL FINANCIAL 13 6.86% $5,116
    Kellogg Community Credit Union 12 7.07% $2,978
    UNION HOME MORTGAGE CORP. 11 6.87% $5,723
    CROSSCOUNTRY MORTGAGE, LLC 9 7.00% $6,077
    Flagstar Bank, FSB 8 6.93% $5,413
    INTERRA CREDIT UNION 8 6.22% $2,535
    Farmers State Bank 7 6.60% $3,513
    The Huntington National Bank 6 6.38% $3,271
    LOANDEPOT.COM, LLC 6 6.73% $8,813
    CONTOUR MORTGAGE CORPORATION 6 6.79% $4,559
    GVC MORTGAGE, INC. 6 6.74% $5,816
    Prosperity Home Mortgage, LLC 6 6.67% $5,197
    Carrington Mortgage Services, LLC 5 7.08% $6,327
    JPMorgan Chase Bank 5 7.19% $5,292
    GUARANTEED RATE, INC. 5 7.10% $4,308
    Horizon Bank 4 6.72% $3,730
    Mercantile Bank of Michigan 4 6.72% $4,003
    SUCCESS MORTGAGE PARTNERS, INC. 3 6.71% $4,951
    Independent Bank 3 6.50% $4,215
    PNC Bank 3 6.71% $3,602
    SUMMIT HOME MORTGAGE, LLC 3 7.21% $5,167
    Morgan Stanley Private Bank 3 6.60% $3,170
    FIRST COMMUNITY MORTGAGE, INC. 3 7.08% $4,955
    KeyBank 3 6.67% $4,785
    GREENSTATE CREDIT UNION 2 6.81% $3,302
    AMERISAVE MORTGAGE CORPORATION 2 6.75% $6,601
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.99% $4,470
    Bank of America 2 6.75% $6,202
    Barrington Bank & Trust Company, N.A. 2 7.63% $3,545
    BETTER MORTGAGE CORPORATION 2 7.38% $2,066
    CHURCHILL MORTGAGE CORPORATION 2 6.88% $8,841
    GUILD MORTGAGE COMPANY 2 7.06% $3,577
    HALLMARK HOME MORTGAGE, LLC 2 7.06% $3,356
    MORTGAGE CENTER L.C 2 6.63% $3,347
    Mortgage Research Center, LLC 2 6.49% $6,221
    NEWREZ LLC 2 6.56% $4,278
    ROSS MORTGAGE CORPORATION 2 7.50% $5,395
    ROYAL UNITED MORTGAGE LLC 2 6.75% $8,816
    UNITED 2 7.00% $3,267
    USAA Federal Savings Bank 2 6.19% $5,082
    First Federal Savings Bank 1 7.75% $3,228
    LOANPAL, LLC 1 6.13% $5,308
    MEMBER FIRST MORTGAGE, LLC 1 5.63% $8,494
    Farm Credit Mid-America, ACA 1 7.25% $5,339
    MICHIGAN SCHOOLS AND GOVERNMENT 1 5.63% $2,471
    EVERETT FINANCIAL, INC. 1 8.63% $6,275
    UBS Bank USA 1 6.38% $3,695
    Bankers' Bank 1 7.13% $2,743
    MOVEMENT MORTGAGE, LLC 1 6.99% $4,329
    Mr. Cooper ( Nationstar Mortgage ) 1 7.13% $8,746
    NAVY FEDERAL CREDIT UNION 1 6.13% $1,689
    U.S. Bank 1 6.38% $5,920
    Northpointe Bank 1 7.38% $8,482
    Notre Dame Federal Credit Union Corporation 1 6.50% $921
    EVERENCE FEDERAL CREDIT UNION 1 6.88% $2,514
    Old National Bank 1 7.13% $5,771
    COMMUNITY MORTGAGE FUNDING, LLC 1 8.38% $3,518
    Paramount Residential Mortgage Group, Inc. 1 7.63% $6,717
    PENNYMAC LOAN SERVICES, LLC 1 6.50% $4,289
    PFCU 1 5.50% $2,718
    Plains Commerce Bank 1 7.13% $6,677
    PLANET HOME LENDING, LLC 1 7.13% $5,598
    CMG MORTGAGE, INC. 1 6.88% $3,328
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.50% $4,304
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.50% $4,941
    CITIZENS EQUITY FIRST 1 5.88% $2,955
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $6,047
    Wells Fargo Bank 1 8.13% $9,291
    Circle Federal Credit Union 1 6.88% $2,620
    Centier Bank 1 7.13% $3,283
    BMO Harris Bank 1 6.38% $8,032
    TEACHERS CREDIT UNION 1 6.63% $3,845
    The Dart Bank 1 6.63% $3,139
    Baxter Credit Union 1 6.63% $3,209
    Truist 1 7.99% $3,729
    Honor Credit Union 1 6.25% $2,746
    HOMESIDE FINANCIAL, LLC 1 6.13% $1,816
    1st Source Bank 1 7.00% $3,078
    KALSEE CREDIT UNION 1 6.75% $3,240
    FREEDOM MORTGAGE CORPORATION 1 6.88% $6,449
    First State Bank 1 7.25% $3,677
    First Merchants Bank 1 6.88% $3,473

    Sturgis Average Closing Costs & Other Stats

    Sturgis, MI's 91 lenders originated 1,360 loans during 2024. The total origination value was $211,360,000, with an average loan value of $155,412.

    Sturgis's average closing costs are $4,164.

    The top Sturgis lender as defined by loan originations is OAK MORTGAGE, LLC, with 53 loans originated. Their average total fees are $3,114, which is $27 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Sturgis lenders (with over 10 loans originated) are Kellogg Community Credit Union ($2,978), CONSUMERS ($3,079), RUOFF MORTGAGE COMPANY, INC. ($3,087), OAK MORTGAGE, LLC ($3,114) and ARBOR FINANCIAL CREDIT UNION ($3,233).

    The lowest rate Sturgis lenders (with over 10 loans originated) are LAKE MICHIGAN CREDIT UNION (6.52%), OAK MORTGAGE, LLC (6.57%), OMNI Community Credit Union (6.64%), ARBOR FINANCIAL CREDIT UNION (6.66%) and RUOFF MORTGAGE COMPANY, INC. (6.68%).

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    Sturgis Bank & Trust Company $12,745,000 $15,620,000 22.6% 7.4%
    RUOFF MORTGAGE COMPANY, INC. $9,600,000 $12,830,000 33.6% 6.1%
    QUICKEN LOANS, LLC $7,675,000 $12,320,000 60.5% 5.8%
    OAK MORTGAGE, LLC $19,240,000 $11,330,000 -41.1% 5.4%
    OMNI Community Credit Union $10,250,000 $9,865,000 -3.8% 4.7%
    UNION HOME MORTGAGE CORP. $2,880,000 $5,875,000 104.0% 2.8%
    Fifth Third Bank $4,730,000 $5,350,000 13.1% 2.5%
    CONSUMERS $3,075,000 $5,010,000 62.9% 2.4%
    ARBOR FINANCIAL CREDIT UNION $3,685,000 $4,910,000 33.2% 2.3%
    LAKE MICHIGAN CREDIT UNION $3,475,000 $4,760,000 37.0% 2.3%
    CARDINAL FINANCIAL $2,555,000 $4,315,000 68.9% 2.0%
    UNITED WHOLESALE MORTGAGE, LLC $5,875,000 $4,000,000 -31.9% 1.9%
    Flagstar Bank, FSB $2,870,000 $3,830,000 33.4% 1.8%
    GVC MORTGAGE, INC. $2,025,000 $3,800,000 87.7% 1.8%
    Southern Michigan Bank & Trust $1,730,000 $3,660,000 111.6% 1.7%
    WALKER & DUNLOP, LLC $3,655,000 n/a 1.7%
    Mortgage Research Center, LLC $2,565,000 $3,645,000 42.1% 1.7%
    CROSSCOUNTRY MORTGAGE, LLC $890,000 $3,565,000 300.6% 1.7%
    Kellogg Community Credit Union $1,360,000 $3,530,000 159.6% 1.7%
    Prosperity Home Mortgage, LLC $340,000 $3,495,000 927.9% 1.7%
    Farmers State Bank $2,415,000 $3,380,000 40.0% 1.6%
    The Huntington National Bank $3,725,000 $3,255,000 -12.6% 1.5%
    MEMBER FIRST MORTGAGE, LLC $1,130,000 $2,825,000 150.0% 1.3%
    INTERRA CREDIT UNION $2,495,000 $2,765,000 10.8% 1.3%
    First State Bank of Middlebury $900,000 $2,550,000 183.3% 1.2%
    JPMorgan Chase Bank $1,395,000 $2,335,000 67.4% 1.1%
    Horizon Bank $1,925,000 $2,285,000 18.7% 1.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,890,000 $2,160,000 14.3% 1.0%
    CONTOUR MORTGAGE CORPORATION $770,000 $2,075,000 169.5% 1.0%
    First Merchants Bank $1,950,000 n/a 0.9%
    FREEDOM MORTGAGE CORPORATION $830,000 $1,940,000 133.7% 0.9%
    KeyBank $250,000 $1,930,000 672.0% 0.9%
    Carrington Mortgage Services, LLC $1,405,000 $1,885,000 34.2% 0.9%
    GUARANTEED RATE, INC. $1,055,000 $1,880,000 78.2% 0.9%
    LOANDEPOT.COM, LLC $230,000 $1,835,000 697.8% 0.9%
    SUCCESS MORTGAGE PARTNERS, INC. $1,480,000 $1,730,000 16.9% 0.8%
    The Campbell & Fetter Bank $1,165,000 $1,450,000 24.5% 0.7%
    TEACHERS CREDIT UNION $845,000 $1,420,000 68.0% 0.7%
    Old National Bank $1,005,000 $1,330,000 32.3% 0.6%
    PNC Bank $745,000 $1,285,000 72.5% 0.6%
    Mercantile Bank of Michigan $515,000 $1,195,000 132.0% 0.6%
    1st Source Bank $465,000 $1,170,000 151.6% 0.6%
    Bank of America $800,000 $1,120,000 40.0% 0.5%
    Gold Coast Bank $1,120,000 n/a 0.5%
    ADVIA $995,000 $980,000 -1.5% 0.5%
    BMO Harris Bank $805,000 n/a 0.4%
    Morgan Stanley Private Bank $605,000 $805,000 33.1% 0.4%
    USAA Federal Savings Bank $245,000 $805,000 228.6% 0.4%
    Northpointe Bank $770,000 $775,000 0.6% 0.4%
    SUMMIT HOME MORTGAGE, LLC $145,000 $730,000 403.4% 0.3%
    FIRST COMMUNITY MORTGAGE, INC. $695,000 n/a 0.3%
    MORTGAGE CENTER L.C $1,130,000 $675,000 -40.3% 0.3%
    Independent Bank $720,000 $645,000 -10.4% 0.3%
    NAVY FEDERAL CREDIT UNION $420,000 $645,000 53.6% 0.3%
    EVERENCE FEDERAL CREDIT UNION $25,000 $640,000 2,460.0% 0.3%
    U.S. Bank $280,000 $635,000 126.8% 0.3%
    BETTER MORTGAGE CORPORATION $265,000 $610,000 130.2% 0.3%
    GreenStone Farm Credit Services, FLCA $1,585,000 $605,000 -61.8% 0.3%
    KALSEE CREDIT UNION $65,000 $605,000 830.8% 0.3%
    PLANET HOME LENDING, LLC $605,000 n/a 0.3%
    LAKEVIEW LOAN SERVICING, LLC $420,000 $600,000 42.9% 0.3%
    Barrington Bank & Trust Company, N.A. $550,000 n/a 0.3%
    Honor Credit Union $650,000 $540,000 -16.9% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $310,000 $535,000 72.6% 0.3%
    CITY FIRST MORTGAGE SERVICES, L.L.C. $600,000 $530,000 -11.7% 0.3%
    GREENSTATE CREDIT UNION $145,000 $530,000 265.5% 0.3%
    GUILD MORTGAGE COMPANY $415,000 $520,000 25.3% 0.2%
    Notre Dame Federal Credit Union Corporation $310,000 $520,000 67.7% 0.2%
    PENNYMAC LOAN SERVICES, LLC $135,000 $515,000 281.5% 0.2%
    CHURCHILL MORTGAGE CORPORATION $510,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $180,000 $510,000 183.3% 0.2%
    Macatawa Bank $505,000 n/a 0.2%
    AMERISAVE MORTGAGE CORPORATION $540,000 $490,000 -9.3% 0.2%
    MICHIGAN FIRST CREDIT UNION $480,000 n/a 0.2%
    ROSS MORTGAGE CORPORATION $480,000 n/a 0.2%
    First Federal Savings Bank $725,000 $475,000 -34.5% 0.2%
    Discover Bank $80,000 $465,000 481.3% 0.2%
    First State Bank $465,000 n/a 0.2%
    Truist $465,000 n/a 0.2%
    Citadel Servicing Corporation $455,000 n/a 0.2%
    NEWREZ LLC $155,000 $445,000 187.1% 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $440,000 n/a 0.2%
    HALLMARK HOME MORTGAGE, LLC $1,095,000 $420,000 -61.6% 0.2%
    PENTAGON FEDERAL CREDIT UNION $25,000 $420,000 1,580.0% 0.2%
    UNITED $515,000 $420,000 -18.4% 0.2%
    UBS Bank USA $415,000 n/a 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $420,000 $410,000 -2.4% 0.2%
    LENDINGHOME FUNDING CORPORATION $200,000 $400,000 100.0% 0.2%
    Centier Bank $225,000 $365,000 62.2% 0.2%
    Baxter Credit Union $355,000 n/a 0.2%
    Plains Commerce Bank $355,000 n/a 0.2%
    NEW DAY FINANCIAL, LLC $225,000 $335,000 48.9% 0.2%
    Wells Fargo Bank $750,000 $325,000 -56.7% 0.2%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $295,000 $320,000 8.5% 0.2%
    Consumers Professional Credit Union $315,000 n/a 0.1%
    Farm Credit Mid-America, ACA $295,000 n/a 0.1%
    Lake City Bank $2,060,000 $295,000 -85.7% 0.1%
    Equity Prime Mortgage LLC $290,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $345,000 $290,000 -15.9% 0.1%
    PHH Mortgage Corporation $280,000 n/a 0.1%
    Listerhill Credit Union $275,000 n/a 0.1%
    MICHIGAN SCHOOLS AND GOVERNMENT $275,000 n/a 0.1%
    Renasant Bank $275,000 n/a 0.1%
    ALLIED MORTGAGE GROUP, INC. $255,000 n/a 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $255,000 n/a 0.1%
    CITIZENS EQUITY FIRST $255,000 n/a 0.1%
    COMMUNITY MORTGAGE FUNDING, LLC $255,000 n/a 0.1%
    MOVEMENT MORTGAGE, LLC $255,000 n/a 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $245,000 n/a 0.1%
    The Dart Bank $540,000 $245,000 -54.6% 0.1%
    NFM, INC. $235,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $230,000 n/a 0.1%
    Paramount Residential Mortgage Group, Inc. $225,000 n/a 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $225,000 n/a 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $335,000 $215,000 -35.8% 0.1%
    BROKER SOLUTIONS, INC. $990,000 $215,000 -78.3% 0.1%
    Figure Lending LLC $385,000 $215,000 -44.2% 0.1%
    FIRST COLONY MORTGAGE CORPORATION $125,000 $205,000 64.0% 0.1%
    Five Points Bank $195,000 n/a 0.1%
    Coastal Community Bank $75,000 $185,000 146.7% 0.1%
    MORTGAGE 1 INCORPORATED $530,000 $185,000 -65.1% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $85,000 $180,000 111.8% 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $175,000 n/a 0.1%
    CMG MORTGAGE, INC. $165,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $250,000 $165,000 -34.0% 0.1%
    Bankers' Bank $145,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $145,000 n/a 0.1%
    Nations Lending Corporation $145,000 n/a 0.1%
    PFCU $90,000 $125,000 38.9% 0.1%
    STAR Financial Bank $125,000 n/a 0.1%
    Third Federal Savings and Loan Association of Cleveland $125,000 n/a 0.1%
    DEEPHAVEN MORTGAGE LLC $115,000 n/a 0.1%
    INOVA FEDERAL CREDIT UNION $260,000 $100,000 -61.5% 0.0%
    Circle Federal Credit Union $95,000 n/a 0.0%
    LENDINGONE, LLC $95,000 n/a 0.0%
    Superior Credit Union, Inc. $85,000 n/a 0.0%
    LOANPAL, LLC $75,000 n/a 0.0%
    21ST MORTGAGE CORPORATION $180,000 $60,000 -66.7% 0.0%
    CREDIT HUMAN FEDERAL CREDIT UNION $55,000 n/a 0.0%
    West Michigan Community Bank $55,000 n/a 0.0%
    LAFCU $35,000 n/a 0.0%
    Citibank $25,000 n/a 0.0%
    GENISYS $25,000 n/a 0.0%

    Sturgis's top lender by overall market share is Sturgis Bank & Trust Company, with 7.4% market share. In second place, with 6.1%, is RUOFF MORTGAGE COMPANY, INC., having originated $12,830,000 in loans. In third place, with 5.8%, is QUICKEN LOANS, LLC, having originated $12,320,000 in loans. In fourth place, with 5.4%, is OAK MORTGAGE, LLC, having originated $11,330,000 in loans. In fifth place, with 4.7%, is OMNI Community Credit Union, having originated $9,865,000 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 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 $229,900 (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 $273,950 (10.7%) $368,753 (26.0%) 0.00 89
    2024-06-01 $292,450 (8.6%) $369,841 (8.2%) 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
    2024-10-01 $267,675 (14.6%) $318,022 (-6.0%) 0.00 152
    2024-11-01 $250,000 (13.5%) $290,244 (-8.7%) 0.00 122
    2024-12-01 $239,950 (4.4%) $274,128 (-20.7%) 0.00 121
    2025-01-01 $238,750 (9.9%) $273,472 (-15.5%) 0.00 103
    2025-02-01 $247,500 (6.9%) $278,543 (-6.1%) 0.00 101
    2025-03-01 $244,444 (2.1%) $280,374 (-5.2%) 0.00 104
    2025-04-01 $243,950 (-5.1%) $314,661 (-6.3%) 0.00 111
    Sturgis's median listing price for 2025-04-01 was $243,950, a difference of $-13,000 (-5.1%) versus the prior year and $-494 versus the prior month.

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

    Sturgis's average listing price for 2025-04-01 was $314,661, a difference of $-21,066 (-6.3%) versus the prior year and $34,287 versus the prior month.

    For the 2025-04-01 period, Sturgis had 111 MLS listings, a difference of 7 listings (7%) versus the prior month and 21 listings (23%) 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 1,740 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 1,985 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
    2024-10-01 0 days 1,745 sqft
    2024-11-01 0 days 1,690 sqft
    2024-12-01 0 days 1,663 sqft
    2025-01-01 0 days 1,648 sqft
    2025-02-01 0 days 1,733 sqft
    2025-03-01 0 days 1,657 sqft
    2025-04-01 0 days 1,696 sqft
    Sturgis's median listing age (time on market) for 2025-04-01 was 0 days.

    Sturgis's median square footage for active listings during the 2025-04-01 period was 1,696 sqft. One year prior, the average listing was 1,863 sqft.

    Sturgis, MI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 641 $130,535,000 $203,643
    Cash Out Refi 223 $30,685,000 $137,601
    Other 201 $15,615,000 $77,687
    Home Improvement 154 $10,360,000 $67,273
    Refi 141 $24,165,000 $171,383

    Sturgis's most frequently cited loan purpose was Home Purchase, with 641 originations. The 2nd most popular reason was Cash Out Refi, with 223 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 481 $96,655,000 $200,946
    7-8% 270 $46,690,000 $172,926
    Over 8% 257 $20,885,000 $81,265
    5-6% 105 $19,405,000 $184,810
    <2.5% 11 $305,000 $27,727
    4-5% 10 $1,440,000 $144,000
    3-4% 3 $455,000 $151,667
    2.5-3% 1 $25,000 $25,000

    During 2024, Sturgis's most frequently originated rate bucket was 6-7%, with 481 originations.

    Loan Sizing (Sturgis, MI MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 530 $27,840,000 $52,528
    $100k-200k 475 $68,575,000 $144,368
    $200k-400k 307 $81,885,000 $266,726
    $400k-600k 31 $14,585,000 $470,484
    $600k-1000k 14 $10,570,000 $755,000
    $Over $1MM 3 $7,905,000 $2,635,000

    Sturgis's loan sizing saw the bucket of loans from $100,000 or less with 530 originations, totaling $27,840,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 448 $90,090,000 $201,094
    60-80% 201 $46,485,000 $231,269
    20-40% 189 $16,545,000 $87,540
    Under 20% 157 $6,575,000 $41,879
    40-60% 126 $21,040,000 $166,984
    Over 100% 12 $3,530,000 $294,167

    Sturgis's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 448 originations, totaling $90,090,000 in origination value.