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 6.32% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 6.12% and one month ago for the week of 2024-09-05, the average rate was 6.25%.

Sturgis's average rate one year ago was 7.79%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.52%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Sturgis 30 Year Fixed Rate 2024-10-10 6.32%
Sturgis 30 Year Fixed Rate Refi 2024-10-10 6.52%
Sturgis 15 Year Fixed Rate 2024-10-10 5.61%
Sturgis 15 Year Fixed Rate Refi 2024-10-10 5.51%
Sturgis 30 Year FHA 2024-10-10 6.49%
Sturgis 30 Year FHA Refi 2024-10-10 6.1%
Sturgis 30 Year USDA 2024-10-10 5.98%
Sturgis 30 Year USDA Refi 2024-10-10 5.88%
Sturgis 30 Year VA 2024-10-10 5.75%
Sturgis 30 Year VA Refi 2024-10-10 6.05%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
OAK MORTGAGE, LLC 73 6.86% $3,105
RUOFF MORTGAGE COMPANY, INC. 34 6.89% $3,878
OMNI Community Credit Union 33 6.91% $3,770
QUICKEN LOANS, LLC 23 7.08% $4,511
Fifth Third Bank 16 7.05% $4,040
UNITED WHOLESALE MORTGAGE, LLC 14 6.99% $5,582
CARDINAL FINANCIAL 12 7.43% $4,418
ARBOR FINANCIAL CREDIT UNION 12 6.65% $3,418
CONSUMERS 11 6.82% $3,204
INTERRA CREDIT UNION 10 6.11% $3,045
LAKE MICHIGAN CREDIT UNION 9 6.50% $3,855
Neighborhood Loans, Inc. 8 6.80% $4,762
Horizon Bank 7 7.27% $3,165
The Huntington National Bank 7 7.34% $3,692
JPMorgan Chase Bank 6 7.25% $4,904
GVC MORTGAGE, INC. 5 7.50% $5,515
Flagstar Bank, FSB 5 6.83% $4,686
UNION HOME MORTGAGE CORP. 5 7.00% $5,407
Farmers State Bank 5 7.31% $3,490
Independent Bank 4 7.19% $3,463
Lake City Bank 4 6.72% $3,245
MORTGAGE CENTER L.C 3 5.88% $3,825
GUARANTEED RATE, INC. 3 7.08% $5,274
CONTOUR MORTGAGE CORPORATION 2 6.31% $8,894
SUCCESS MORTGAGE PARTNERS, INC. 2 7.19% $5,383
TEACHERS CREDIT UNION 2 6.75% $3,036
The Farmers & Merchants State Bank 2 6.50% $6,174
MORTGAGE 1 INCORPORATED 2 6.62% $11,052
Kellogg Community Credit Union 2 6.81% $2,646
Bank of America 2 6.31% $2,987
MICHIGAN MUTUAL, INC. 2 6.50% $4,149
UNITED 2 6.38% $4,162
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 7.25% $7,510
BROKER SOLUTIONS, INC. 2 7.18% $3,852
VAN DYK MORTGAGE CORPORATION 2 7.38% $3,269
Pacor Mortgage Corp 2 6.19% $2,813
Honor Credit Union 2 6.75% $2,477
PNC Bank 2 6.88% $3,212
HALLMARK HOME MORTGAGE, LLC 2 6.81% $7,256
Notre Dame Federal Credit Union Corporation 2 7.38% $3,276
Northpointe Bank 2 6.75% $3,317
Wells Fargo Bank 1 7.50% $0
Ally Bank 1 6.25% $3,378
AMERICAN FINANCING CORPORATION 1 6.13% $4,812
AMERISAVE MORTGAGE CORPORATION 1 6.25% $7,058
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.62% $7,438
BAY EQUITY LLC 1 6.75% $3,307
Carrington Mortgage Services, LLC 1 5.88% $6,640
Centier Bank 1 6.75% $2,208
ChoiceOne Bank 1 6.50% $2,677
CREDIT UNION ONE 1 6.38% $2,421
EVERENCE FEDERAL CREDIT UNION 1 6.88% $2,346
First State Bank of Middlebury 1 6.13% $2,793
GENEVA FINANCIAL, LLC 1 7.25% $3,790
GREAT LAKES 1 7.00% $6,382
GREENSTATE CREDIT UNION 1 6.75% $2,994
GUILD MORTGAGE COMPANY 1 7.38% $10,682
ILLINOIS STATE CREDIT UNION 1 6.38% $2,085
KeyBank 1 7.75% $4,898
LOANDEPOT.COM, LLC 1 5.99% $4,871
MARSHALL COMMUNITY CREDIT UNION 1 5.88% $2,699
MEMBER FIRST MORTGAGE, LLC 1 6.88% $3,123
Mercantile Bank of Michigan 1 5.75% $2,724
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 6.50% $3,844
Morgan Stanley Private Bank 1 4.85% $4,079
Mortgage Research Center, LLC 1 6.75% $1,418
Mr. Cooper ( Nationstar Mortgage ) 1 6.49% $6,093
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $6,901
NAVY FEDERAL CREDIT UNION 1 7.00% $8,990
Old National Bank 1 5.38% $3,258
POLARIS HOME FUNDING CORP. 1 6.50% $8,678
PREMIA MORTGAGE, LLC 1 6.38% $912
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.50% $4,149
Summit Credit Union 1 5.88% $2,612
SUMMIT HOME MORTGAGE, LLC 1 7.88% $3,818
The Dart Bank 1 7.99% $4,031
Three Rivers Federal Credit Union 1 7.13% $2,708
THRIVE MORTGAGE, LLC 1 7.00% $2,696
United Bank of Michigan 1 7.75% $2,402
U.S. Bank 1 6.63% $4,579
1st Source Bank 1 6.88% $2,779

Sturgis Average Closing Costs & Other Stats

Sturgis, MI's 81 lenders originated 1,161 loans during 2023. The total origination value was $163,495,000, with an average loan value of $140,823.

Sturgis's average closing costs are $4,006.

The top Sturgis lender as defined by loan originations is OAK MORTGAGE, LLC, with 73 loans originated. Their average total fees are $3,105, which is $773 lower than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

The lowest fee Sturgis lenders (with over 10 loans originated) are INTERRA CREDIT UNION ($3,045), OAK MORTGAGE, LLC ($3,105), CONSUMERS ($3,204), ARBOR FINANCIAL CREDIT UNION ($3,418) and OMNI Community Credit Union ($3,770).

The lowest rate Sturgis lenders (with over 10 loans originated) are INTERRA CREDIT UNION (6.11%), ARBOR FINANCIAL CREDIT UNION (6.65%), CONSUMERS (6.82%), OAK MORTGAGE, LLC (6.86%) and RUOFF MORTGAGE COMPANY, INC. (6.89%).

Sturgis, MI Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
OAK MORTGAGE, LLC $28,245,000 $19,240,000 -31.9% 11.8%
Sturgis Bank & Trust Company $13,245,000 $12,745,000 -3.8% 7.8%
OMNI Community Credit Union $12,580,000 $10,250,000 -18.5% 6.3%
RUOFF MORTGAGE COMPANY, INC. $12,085,000 $9,600,000 -20.6% 5.9%
QUICKEN LOANS, LLC $16,550,000 $7,675,000 -53.6% 4.7%
UNITED WHOLESALE MORTGAGE, LLC $4,060,000 $5,875,000 44.7% 3.6%
Fifth Third Bank $5,090,000 $4,730,000 -7.1% 2.9%
The Huntington National Bank $6,055,000 $3,725,000 -38.5% 2.3%
ARBOR FINANCIAL CREDIT UNION $7,465,000 $3,685,000 -50.6% 2.3%
LAKE MICHIGAN CREDIT UNION $2,240,000 $3,475,000 55.1% 2.1%
Neighborhood Loans, Inc. $565,000 $3,120,000 452.2% 1.9%
CONSUMERS $4,480,000 $3,075,000 -31.4% 1.9%
UNION HOME MORTGAGE CORP. $300,000 $2,880,000 860.0% 1.8%
Flagstar Bank, FSB $3,380,000 $2,870,000 -15.1% 1.8%
Mortgage Research Center, LLC $2,310,000 $2,565,000 11.0% 1.6%
CARDINAL FINANCIAL $2,125,000 $2,555,000 20.2% 1.6%
INTERRA CREDIT UNION $2,460,000 $2,495,000 1.4% 1.5%
Farmers State Bank $4,270,000 $2,415,000 -43.4% 1.5%
Lake City Bank $1,330,000 $2,060,000 54.9% 1.3%
GVC MORTGAGE, INC. $830,000 $2,025,000 144.0% 1.2%
Horizon Bank $3,190,000 $1,925,000 -39.7% 1.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $280,000 $1,890,000 575.0% 1.2%
Southern Michigan Bank & Trust $2,550,000 $1,730,000 -32.2% 1.1%
GreenStone Farm Credit Services, FLCA $710,000 $1,585,000 123.2% 1.0%
SUCCESS MORTGAGE PARTNERS, INC. $2,170,000 $1,480,000 -31.8% 0.9%
Carrington Mortgage Services, LLC $1,135,000 $1,405,000 23.8% 0.9%
JPMorgan Chase Bank $3,065,000 $1,395,000 -54.5% 0.9%
Kellogg Community Credit Union $1,620,000 $1,360,000 -16.0% 0.8%
The Campbell & Fetter Bank $410,000 $1,165,000 184.1% 0.7%
MEMBER FIRST MORTGAGE, LLC $1,430,000 $1,130,000 -21.0% 0.7%
MORTGAGE CENTER L.C $745,000 $1,130,000 51.7% 0.7%
The Fountain Trust Company $1,105,000 n/a 0.7%
HALLMARK HOME MORTGAGE, LLC $370,000 $1,095,000 195.9% 0.7%
GUARANTEED RATE, INC. $1,965,000 $1,055,000 -46.3% 0.6%
Old National Bank $2,140,000 $1,005,000 -53.0% 0.6%
ADVIA $370,000 $995,000 168.9% 0.6%
BROKER SOLUTIONS, INC. $315,000 $990,000 214.3% 0.6%
Citizens Bank $875,000 $935,000 6.9% 0.6%
First State Bank of Middlebury $1,280,000 $900,000 -29.7% 0.6%
CROSSCOUNTRY MORTGAGE, LLC $1,680,000 $890,000 -47.0% 0.5%
The Farmers & Merchants State Bank $410,000 $870,000 112.2% 0.5%
TEACHERS CREDIT UNION $260,000 $845,000 225.0% 0.5%
FREEDOM MORTGAGE CORPORATION $1,450,000 $830,000 -42.8% 0.5%
Bank of America $800,000 n/a 0.5%
CONTOUR MORTGAGE CORPORATION $485,000 $770,000 58.8% 0.5%
Northpointe Bank $940,000 $770,000 -18.1% 0.5%
Wells Fargo Bank $1,445,000 $750,000 -48.1% 0.5%
PNC Bank $1,425,000 $745,000 -47.7% 0.5%
First Federal Savings Bank $1,370,000 $725,000 -47.1% 0.4%
Independent Bank $470,000 $720,000 53.2% 0.4%
PREMIA MORTGAGE, LLC $685,000 $680,000 -0.7% 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $500,000 $680,000 36.0% 0.4%
VAN DYK MORTGAGE CORPORATION $525,000 $655,000 24.8% 0.4%
Honor Credit Union $1,225,000 $650,000 -46.9% 0.4%
Municipal Trust and Savings Bank $615,000 n/a 0.4%
Morgan Stanley Private Bank $605,000 n/a 0.4%
CITY FIRST MORTGAGE SERVICES, L.L.C. $600,000 n/a 0.4%
AMERISAVE MORTGAGE CORPORATION $1,580,000 $540,000 -65.8% 0.3%
The Dart Bank $1,155,000 $540,000 -53.2% 0.3%
MORTGAGE 1 INCORPORATED $350,000 $530,000 51.4% 0.3%
TOWNE MORTGAGE COMPANY $525,000 n/a 0.3%
Mercantile Bank of Michigan $360,000 $515,000 43.1% 0.3%
UNITED $115,000 $515,000 347.8% 0.3%
MICHIGAN MUTUAL, INC. $475,000 n/a 0.3%
1st Source Bank $2,560,000 $465,000 -81.8% 0.3%
LAKEVIEW LOAN SERVICING, LLC $945,000 $420,000 -55.6% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $370,000 $420,000 13.5% 0.3%
NAVY FEDERAL CREDIT UNION $320,000 $420,000 31.3% 0.3%
GUILD MORTGAGE COMPANY $415,000 n/a 0.3%
Figure Lending LLC $25,000 $385,000 1,440.0% 0.2%
Old Second National Bank $385,000 n/a 0.2%
POLARIS HOME FUNDING CORP. $370,000 n/a 0.2%
FINANCE OF AMERICA REVERSE LLC $345,000 n/a 0.2%
Prosperity Home Mortgage, LLC $340,000 n/a 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $335,000 n/a 0.2%
BLG HOLDINGS, INC. $335,000 n/a 0.2%
Mr. Cooper ( Nationstar Mortgage ) $2,535,000 $310,000 -87.8% 0.2%
Notre Dame Federal Credit Union Corporation $250,000 $310,000 24.0% 0.2%
Pacor Mortgage Corp $1,005,000 $310,000 -69.2% 0.2%
ChoiceOne Bank $275,000 $300,000 9.1% 0.2%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $310,000 $295,000 -4.8% 0.2%
U.S. Bank $2,845,000 $280,000 -90.2% 0.2%
Summit Credit Union $275,000 n/a 0.2%
BETTER MORTGAGE CORPORATION $255,000 $265,000 3.9% 0.2%
INOVA FEDERAL CREDIT UNION $160,000 $260,000 62.5% 0.2%
KeyBank $1,225,000 $250,000 -79.6% 0.2%
TOP FLITE FINANCIAL, INC. $155,000 $250,000 61.3% 0.2%
GREAT LAKES $245,000 n/a 0.1%
USAA Federal Savings Bank $1,120,000 $245,000 -78.1% 0.1%
United Bay Community Credit Union $235,000 n/a 0.1%
LOANDEPOT.COM, LLC $1,975,000 $230,000 -88.4% 0.1%
Centier Bank $25,000 $225,000 800.0% 0.1%
NEW DAY FINANCIAL, LLC $175,000 $225,000 28.6% 0.1%
Platinum Home Mortgage Corporation $225,000 n/a 0.1%
LENDINGHOME FUNDING CORPORATION $200,000 n/a 0.1%
GENEVA FINANCIAL, LLC $195,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $195,000 n/a 0.1%
First Federal Bank $185,000 n/a 0.1%
21ST MORTGAGE CORPORATION $80,000 $180,000 125.0% 0.1%
ROYAL UNITED MORTGAGE LLC $160,000 $180,000 12.5% 0.1%
United Bank of Michigan $180,000 n/a 0.1%
NATIONS DIRECT MORTGAGE, LLC $175,000 n/a 0.1%
HOWARD HANNA FINANCIAL SERVICES, INC. $165,000 n/a 0.1%
Preston Home Loans Inc $165,000 n/a 0.1%
J. VIRGIL, INC. $155,000 n/a 0.1%
NEWREZ LLC $560,000 $155,000 -72.3% 0.1%
NORTHERN MORTGAGE SERVICES, LLC $155,000 n/a 0.1%
STOCKTON MORTGAGE CORPORATION $155,000 n/a 0.1%
THRIVE MORTGAGE, LLC $155,000 n/a 0.1%
BAY EQUITY LLC $145,000 n/a 0.1%
GREENSTATE CREDIT UNION $205,000 $145,000 -29.3% 0.1%
LONGBRIDGE FINANCIAL, LLC $145,000 n/a 0.1%
SUMMIT HOME MORTGAGE, LLC $145,000 n/a 0.1%
PENNYMAC LOAN SERVICES, LLC $745,000 $135,000 -81.9% 0.1%
CREDIT UNION ONE $125,000 n/a 0.1%
FIRST COLONY MORTGAGE CORPORATION $125,000 n/a 0.1%
ILLINOIS STATE CREDIT UNION $125,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $115,000 $115,000 0.0% 0.1%
GSF Mortgage Corporation $115,000 n/a 0.1%
MARSHALL COMMUNITY CREDIT UNION $115,000 n/a 0.1%
Ally Bank $205,000 $95,000 -53.7% 0.1%
LIMA ONE CAPITAL, LLC $95,000 n/a 0.1%
Three Rivers Federal Credit Union $400,000 $95,000 -76.3% 0.1%
PFCU $55,000 $90,000 63.6% 0.1%
TRIAD FINANCIAL SERVICES, INC. $85,000 n/a 0.1%
Discover Bank $170,000 $80,000 -52.9% 0.0%
Coastal Community Bank $75,000 n/a 0.0%
KALSEE CREDIT UNION $450,000 $65,000 -85.6% 0.0%
Leader Bank $65,000 n/a 0.0%
STAUNTON FINANCIAL, INC. $65,000 n/a 0.0%
Lake Trust Credit Union $45,000 n/a 0.0%
Lakeview Community Capital, LLC $35,000 n/a 0.0%
EVERENCE FEDERAL CREDIT UNION $105,000 $25,000 -76.2% 0.0%
MidFirst Bank $25,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $25,000 n/a 0.0%

Sturgis's top lender by overall market share is OAK MORTGAGE, LLC, with 11.8% market share. In second place, with 7.8%, is Sturgis Bank & Trust Company, having originated $12,745,000 in loans. In third place, with 6.3%, is OMNI Community Credit Union, having originated $10,250,000 in loans. In fourth place, with 5.9%, is RUOFF MORTGAGE COMPANY, INC., having originated $9,600,000 in loans. In fifth place, with 4.7%, is QUICKEN LOANS, LLC, having originated $7,675,000 in loans.


Sturgis Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Sturgis (CBSA) retrieved from FRED, Federal Reserve Bank of St. 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
2024-02-01 $231,500 (10.0%) $296,590 (7.7%) 0.00 71
2024-03-01 $239,450 (13.3%) $295,803 (-5.1%) 0.00 83
2024-04-01 $256,950 (2.8%) $335,727 (8.0%) 0.00 90
2024-05-01 $289,000 (16.8%) $381,839 (30.4%) 0.00 89
2024-06-01 $299,998 (11.4%) $381,086 (11.5%) 0.00 102
2024-07-01 $262,450 (3.0%) $328,715 (-4.4%) 0.00 101
2024-08-01 $269,900 (5.9%) $326,970 (-4.0%) 0.00 114
2024-09-01 $257,400 (3.0%) $308,897 (-10.2%) 0.00 136
Sturgis's median listing price for 2024-09-01 was $257,400, a difference of $7,450 (3.0%) versus the prior year and $-12,500 versus the prior month.

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

Sturgis's average listing price for 2024-09-01 was $308,897, a difference of $-35,039 (-10.2%) versus the prior year and $-18,073 versus the prior month.

For the 2024-09-01 period, Sturgis had 136 MLS listings, a difference of 22 listings (19%) versus the prior month and 56 listings (70%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sturgis (CBSA) retrieved from FRED, Federal Reserve Bank of St. 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
2024-02-01 0 days 1,635 sqft
2024-03-01 0 days 1,645 sqft
2024-04-01 0 days 1,863 sqft
2024-05-01 0 days 1,988 sqft
2024-06-01 0 days 2,000 sqft
2024-07-01 0 days 1,793 sqft
2024-08-01 0 days 1,822 sqft
2024-09-01 0 days 1,772 sqft
Sturgis's median listing age (time on market) for 2024-09-01 was 0 days.

Sturgis's median square footage for active listings during the 2024-09-01 period was 1,772 sqft. One year prior, the average listing was 1,826 sqft.

Sturgis, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 585 $114,495,000 $195,718
Other 197 $13,415,000 $68,096
Cash Out Refi 165 $20,095,000 $121,788
Home Improvement 129 $7,865,000 $60,969
Refi 85 $7,625,000 $89,706

Sturgis's most frequently cited loan purpose was Home Purchase, with 585 originations. The 2nd most popular reason was Other, with 197 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 404 $70,030,000 $173,342
7-8% 280 $47,320,000 $169,000
Over 8% 158 $11,980,000 $75,823
5-6% 93 $15,495,000 $166,613
<2.5% 12 $240,000 $20,000
4-5% 2 $970,000 $485,000
2.5-3% 2 $80,000 $40,000

During 2023, Sturgis's most frequently originated rate bucket was 6-7%, with 404 originations.

Loan Sizing (Sturgis, MI MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 479 $24,455,000 $51,054
$100k-200k 430 $62,870,000 $146,209
$200k-400k 222 $57,790,000 $260,315
$400k-600k 18 $8,760,000 $486,667
$600k-1000k 10 $6,630,000 $663,000
$Over $1MM 2 $2,990,000 $1,495,000

Sturgis's loan sizing saw the bucket of loans from $100,000 or less with 479 originations, totaling $24,455,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 413 $78,935,000 $191,126
60-80% 194 $38,120,000 $196,495
Under 20% 123 $4,765,000 $38,740
20-40% 116 $8,800,000 $75,862
40-60% 103 $13,975,000 $135,680
Over 100% 7 $1,885,000 $269,286

Sturgis's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 413 originations, totaling $78,935,000 in origination value.