Washington 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 Washington averaged 6.75% for the week of 2024-11-07, compared to the national average of 6.79% for the same period.

    The average rate for the prior week (2024-10-31) was 6.58% and one month ago for the week of 2024-10-03, the average rate was 6.08%.

    Washington's average rate one year ago was 7.42%.

    For refis of the same type during the week of 2024-11-07, the average rate was 7.39%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Washington 30 Year Fixed Rate 2024-11-07 6.75%
    Washington 30 Year Fixed Rate Refi 2024-11-07 7.39%
    Washington 15 Year Fixed Rate 2024-11-07 5.8%
    Washington 15 Year Fixed Rate Refi 2024-11-07 6.6%
    Washington 30 Year FHA 2024-11-07 6.23%
    Washington 30 Year FHA Refi 2024-11-07 6.23%
    Washington 30 Year USDA 2024-11-07 6.58%
    Washington 30 Year USDA Refi 2024-11-07 6.28%
    Washington 30 Year VA 2024-11-07 6.44%
    Washington 30 Year VA Refi 2024-11-07 6.24%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Washington, NC.

    Washington 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 Washington, NC 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
    STATE EMPLOYEES' 61 6.08% $3,753
    QUICKEN LOANS, LLC 21 6.89% $6,640
    Southern Bank and Trust Company 19 6.64% $3,304
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 15 6.85% $7,663
    DHI MORTGAGE COMPANY, LTD. 14 5.70% $2,208
    First Bank 11 5.97% $4,290
    Towne Bank 10 6.81% $5,570
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 8 7.12% $6,856
    Alcova Mortgage LLC 7 6.36% $5,425
    United Bank 7 6.48% $4,959
    LOCAL GOVERNMENT FEDERAL CREDIT UNION 6 6.83% $3,825
    Truist 6 6.76% $6,948
    First-Citizens Bank & Trust Company 6 6.92% $5,212
    UNITED WHOLESALE MORTGAGE, LLC 6 7.08% $4,906
    NAVY FEDERAL CREDIT UNION 6 7.23% $3,770
    MOVEMENT MORTGAGE, LLC 6 7.06% $6,212
    WEYCO COMMUNITY CREDIT UNION 3 5.78% $3,432
    GUARANTEED RATE, INC. 3 6.36% $5,050
    GUILD MORTGAGE COMPANY 3 7.41% $5,047
    Mortgage Research Center, LLC 3 7.08% $5,282
    Wells Fargo Bank 3 7.38% $2,462
    LOANDEPOT.COM, LLC 2 6.88% $3,432
    PENNYMAC LOAN SERVICES, LLC 2 6.19% $14,745
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 7.56% $5,419
    Mr. Cooper ( Nationstar Mortgage ) 2 6.31% $13,274
    COASTAL Federal Credit Union 2 6.75% $4,281
    Integrity Home Mortgage Corp 2 6.63% $5,724
    Bank of America 2 5.50% $8,231
    INTERCOASTAL MORTGAGE COMPANY 2 7.49% $3,340
    RELIANCE FIRST CAPITAL, LLC 2 6.19% $4,962
    NFM, INC. 2 7.38% $3,646
    First National Bank of Pennsylvania 2 6.50% $5,884
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.50% $8,769
    NEWREZ LLC 1 5.88% $6,340
    Northpointe Bank 1 6.63% $6,935
    North State Bank 1 7.38% $3,908
    PENTAGON FEDERAL CREDIT UNION 1 7.00% $6,844
    PNC Bank 1 6.75% $3,623
    PREMIA MORTGAGE, LLC 1 6.63% $0
    Century Mortgage Company DBA Century Lending Company 1 6.00% $2,445
    Raymond James Bank 1 5.63% $2,983
    RESOURCE FINANCIAL SERVICES, INC. 1 6.38% $4,113
    CARDINAL FINANCIAL 1 8.13% $8,502
    BROKER SOLUTIONS, INC. 1 6.25% $14,904
    TD Bank 1 6.88% $5,596
    The Huntington National Bank 1 7.50% $4,900
    Third Federal Savings and Loan Association of Cleveland 1 5.44% $295
    BNC National Bank 1 5.75% $3,703
    Barrington Bank & Trust Company, N.A. 1 6.13% $9,936
    Atlantic Coast Mortgage, LLC 1 6.38% $7,819
    Fifth Third Bank 1 6.13% $5,102
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.13% $2,915
    George Mason Mortgage, LLC 1 6.62% $4,289
    Gate City Bank 1 6.75% $5,462
    GoPrime Mortgage, Inc. 1 6.62% $6,288
    USAA Federal Savings Bank 1 7.38% $3,308
    HOMESIDE FINANCIAL, LLC 1 6.99% $4,969
    KeyBank 1 6.00% $5,929
    LOANPAL, LLC 1 7.50% $5,225
    Deere Employees Credit Union 1 7.25% $3,394
    MILEND, INC. 1 6.88% $4,673
    MORTGAGE ACCESS CORP. 1 7.13% $4,035
    American Security Mortgage Corp. 1 6.50% $6,853
    Corporate Investors Mortgage Group, Inc. 1 7.13% $5,103
    NBKC BANK 1 8.13% $5,412

    Washington Average Closing Costs & Other Stats

    Washington, NC's 65 lenders originated 848 loans during 2023. The total origination value was $159,170,000, with an average loan value of $187,700.

    Washington's average closing costs are $4,376.

    The top Washington lender as defined by loan originations is STATE EMPLOYEES', with 61 loans originated. Their average total fees are $3,753, which is $2,888 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Washington lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($2,208), Southern Bank and Trust Company ($3,304), STATE EMPLOYEES' ($3,753), First Bank ($4,290) and Towne Bank ($5,570).

    The lowest rate Washington lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.70%), First Bank (5.97%), STATE EMPLOYEES' (6.08%), Southern Bank and Trust Company (6.64%) and Towne Bank (6.81%).

    Washington, NC 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
    STATE EMPLOYEES' $36,355,000 $20,570,000 -43.4% 12.9%
    Southern Bank and Trust Company $28,150,000 $19,300,000 -31.4% 12.1%
    First Bank $12,665,000 $11,580,000 -8.6% 7.3%
    DHI MORTGAGE COMPANY, LTD. $7,900,000 n/a 5.0%
    United Bank $6,775,000 $7,610,000 12.3% 4.8%
    QUICKEN LOANS, LLC $10,475,000 $7,010,000 -33.1% 4.4%
    Truist $4,925,000 $6,425,000 30.5% 4.0%
    Mortgage Research Center, LLC $4,530,000 $5,520,000 21.9% 3.5%
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. $2,650,000 $4,715,000 77.9% 3.0%
    Towne Bank $5,585,000 $4,630,000 -17.1% 2.9%
    First-Citizens Bank & Trust Company $6,730,000 $4,615,000 -31.4% 2.9%
    LOCAL GOVERNMENT FEDERAL CREDIT UNION $5,110,000 $3,250,000 -36.4% 2.0%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $3,810,000 $3,090,000 -18.9% 1.9%
    MOVEMENT MORTGAGE, LLC $1,920,000 $2,990,000 55.7% 1.9%
    First National Bank of Pennsylvania $3,890,000 $2,965,000 -23.8% 1.9%
    UNITED WHOLESALE MORTGAGE, LLC $745,000 $2,705,000 263.1% 1.7%
    NAVY FEDERAL CREDIT UNION $2,220,000 $2,635,000 18.7% 1.7%
    PENNYMAC LOAN SERVICES, LLC $775,000 $2,245,000 189.7% 1.4%
    Alcova Mortgage LLC $4,770,000 $2,105,000 -55.9% 1.3%
    VANDERBILT MORTGAGE AND FINANCE, INC. $1,725,000 $2,105,000 22.0% 1.3%
    GUARANTEED RATE, INC. $85,000 $1,745,000 1,952.9% 1.1%
    NEW DAY FINANCIAL, LLC $565,000 $1,630,000 188.5% 1.0%
    LOANDEPOT.COM, LLC $3,335,000 $1,440,000 -56.8% 0.9%
    Bank of America $1,535,000 $1,270,000 -17.3% 0.8%
    PNC Bank $1,065,000 $855,000 -19.7% 0.5%
    Wells Fargo Bank $5,100,000 $805,000 -84.2% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $1,110,000 $770,000 -30.6% 0.5%
    WEYCO COMMUNITY CREDIT UNION $475,000 $725,000 52.6% 0.5%
    Gate City Bank $660,000 n/a 0.4%
    21ST MORTGAGE CORPORATION $1,005,000 $645,000 -35.8% 0.4%
    BROKER SOLUTIONS, INC. $1,535,000 $635,000 -58.6% 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $965,000 $635,000 -34.2% 0.4%
    GUILD MORTGAGE COMPANY $635,000 n/a 0.4%
    American Security Mortgage Corp. $275,000 $600,000 118.2% 0.4%
    COASTAL Federal Credit Union $1,145,000 $550,000 -52.0% 0.3%
    CORNERSTONE HOME LENDING, INC. $255,000 $550,000 115.7% 0.3%
    RELIANCE FIRST CAPITAL, LLC $890,000 $545,000 -38.8% 0.3%
    PENTAGON FEDERAL CREDIT UNION $150,000 $525,000 250.0% 0.3%
    PREMIA MORTGAGE, LLC $525,000 n/a 0.3%
    USAA Federal Savings Bank $635,000 $515,000 -18.9% 0.3%
    MILEND, INC. $255,000 $495,000 94.1% 0.3%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $430,000 $490,000 14.0% 0.3%
    Barrington Bank & Trust Company, N.A. $380,000 $485,000 27.6% 0.3%
    GoPrime Mortgage, Inc. $515,000 $470,000 -8.7% 0.3%
    GSF Mortgage Corporation $470,000 n/a 0.3%
    MORTGAGE ACCESS CORP. $465,000 n/a 0.3%
    North State Bank $860,000 $425,000 -50.6% 0.3%
    Raymond James Bank $425,000 n/a 0.3%
    Integrity Home Mortgage Corp $420,000 n/a 0.3%
    Fifth Third Bank $350,000 $415,000 18.6% 0.3%
    CARDINAL FINANCIAL $115,000 $410,000 256.5% 0.3%
    INTERCOASTAL MORTGAGE COMPANY $1,015,000 $400,000 -60.6% 0.3%
    South State Bank $170,000 $400,000 135.3% 0.3%
    Corporate Investors Mortgage Group, Inc. $385,000 n/a 0.2%
    ALLEGACY FEDERAL CREDIT UNION $125,000 $370,000 196.0% 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $620,000 $365,000 -41.1% 0.2%
    BNC National Bank $355,000 n/a 0.2%
    First Carolina Bank $345,000 n/a 0.2%
    NFM, INC. $165,000 $335,000 103.0% 0.2%
    Century Mortgage Company DBA Century Lending Company $315,000 n/a 0.2%
    The Huntington National Bank $315,000 n/a 0.2%
    United Community Bank $315,000 n/a 0.2%
    Atlantic Coast Mortgage, LLC $305,000 n/a 0.2%
    Brighton Bank $305,000 n/a 0.2%
    CAPITAL CENTER, L.L.C. $420,000 $305,000 -27.4% 0.2%
    Pinnacle Bank $55,000 $305,000 454.5% 0.2%
    CALCON MUTUAL MORTGAGE LLC $295,000 n/a 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $290,000 n/a 0.2%
    DEEPHAVEN MORTGAGE LLC $280,000 n/a 0.2%
    Deere Employees Credit Union $440,000 $275,000 -37.5% 0.2%
    Third Federal Savings and Loan Association of Cleveland $215,000 $260,000 20.9% 0.2%
    KeyBank $505,000 $255,000 -49.5% 0.2%
    Northpointe Bank $205,000 $255,000 24.4% 0.2%
    FREEDOM MORTGAGE CORPORATION $1,000,000 $250,000 -75.0% 0.2%
    Marine Federal Credit Union $245,000 n/a 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $115,000 $245,000 113.0% 0.2%
    BETTER MORTGAGE CORPORATION $235,000 n/a 0.1%
    LONGBRIDGE FINANCIAL, LLC $235,000 n/a 0.1%
    TD Bank $245,000 $225,000 -8.2% 0.1%
    FINANCE OF AMERICA REVERSE LLC $85,000 $220,000 158.8% 0.1%
    Signature Federal Credit Union $205,000 n/a 0.1%
    CIVIC FINANCIAL SERVICES, LLC $195,000 n/a 0.1%
    RESOURCE FINANCIAL SERVICES, INC. $195,000 n/a 0.1%
    LIMA ONE CAPITAL, LLC $190,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $190,000 n/a 0.1%
    Commerce Home Mortgage, Inc. $185,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $375,000 $185,000 -50.7% 0.1%
    NEWREZ LLC $240,000 $185,000 -22.9% 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $170,000 n/a 0.1%
    Mid-Continent Funding, Inc. $130,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $315,000 $125,000 -60.3% 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $115,000 n/a 0.1%
    AgCarolina Farm Credit, FLCA $465,000 $105,000 -77.4% 0.1%
    Morgan Stanley Private Bank $275,000 $105,000 -61.8% 0.1%
    Prosperity Home Mortgage, LLC $1,215,000 $105,000 -91.4% 0.1%
    FIRST FLIGHT FEDERAL CREDIT UNION $85,000 n/a 0.1%
    JPMorgan Chase Bank $750,000 $85,000 -88.7% 0.1%
    LOANPAL, LLC $85,000 n/a 0.1%
    NBKC BANK $85,000 n/a 0.1%
    Citizens Bank $235,000 $75,000 -68.1% 0.0%
    CSL Financial, LLC $255,000 $75,000 -70.6% 0.0%
    George Mason Mortgage, LLC $75,000 n/a 0.0%
    SOUTHWEST STAGE FUNDING, LLC $405,000 $65,000 -84.0% 0.0%
    STOCKTON MORTGAGE CORPORATION $115,000 $65,000 -43.5% 0.0%
    Discover Bank $75,000 $55,000 -26.7% 0.0%
    Park Lane Finance Solutions, LLC $55,000 n/a 0.0%
    TOWER $55,000 n/a 0.0%
    Figure Lending LLC $45,000 $45,000 0.0% 0.0%
    ROYAL UNITED MORTGAGE LLC $305,000 $35,000 -88.5% 0.0%
    Truliant Federal Credit Union $65,000 $35,000 -46.2% 0.0%

    Washington's top lender by overall market share is STATE EMPLOYEES', with 12.9% market share. In second place, with 12.1%, is Southern Bank and Trust Company, having originated $19,300,000 in loans. In third place, with 7.3%, is First Bank, having originated $11,580,000 in loans. In fourth place, with 5.0%, is DHI MORTGAGE COMPANY, LTD., having originated $7,900,000 in loans. In fifth place, with 4.8%, is United Bank, having originated $7,610,000 in loans.

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

    Realtor.com - Washington (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 $238,750 (19.4%) $260,876 (7.2%) 0.00 317
    2018-02-01 $241,800 (10.2%) $260,749 (2.6%) 0.00 312
    2018-03-01 $249,900 (1.3%) $263,230 (-0.7%) 0.00 312
    2018-04-01 $249,900 (-3.5%) $266,120 (-3.1%) 0.00 335
    2018-05-01 $256,950 (-4.2%) $271,863 (-3.4%) 0.00 347
    2018-06-01 $249,900 (-9.1%) $278,904 (-3.4%) 0.00 333
    2018-07-01 $252,400 (-8.2%) $288,110 (-0.8%) 0.00 326
    2018-08-01 $249,900 (-3.5%) $290,313 (2.7%) 0.00 311
    2018-09-01 $248,450 (-0.6%) $286,107 (3.1%) 0.00 307
    2018-10-01 $245,000 (-1.7%) $281,816 (4.4%) 0.00 292
    2018-11-01 $243,700 (-2.5%) $280,461 (3.3%) 0.00 290
    2018-12-01 $245,000 (1.0%) $281,559 (6.7%) 0.00 274
    2019-01-01 $243,650 (2.1%) $280,720 (7.6%) 0.00 260
    2019-02-01 $249,900 (3.4%) $289,286 (10.9%) 0.00 257
    2019-03-01 $261,164 (4.5%) $296,656 (12.7%) 0.00 261
    2019-04-01 $264,664 (5.9%) $304,056 (14.3%) 0.00 264
    2019-05-01 $273,675 (6.5%) $309,234 (13.8%) 0.00 271
    2019-06-01 $274,900 (10.0%) $307,481 (10.3%) 0.00 283
    2019-07-01 $275,000 (9.0%) $311,912 (8.3%) 0.00 279
    2019-08-01 $281,209 (12.5%) $320,331 (10.3%) 0.00 262
    2019-09-01 $283,173 (14.0%) $326,608 (14.2%) 0.00 251
    2019-10-01 $284,482 (16.1%) $326,354 (15.8%) 0.00 237
    2019-11-01 $269,900 (10.8%) $311,402 (11.0%) 0.00 233
    2019-12-01 $266,000 (8.6%) $309,519 (9.9%) 0.00 231
    2020-01-01 $259,650 (6.6%) $301,137 (7.3%) 0.00 223
    2020-02-01 $259,900 (4.0%) $302,889 (4.7%) 0.00 217
    2020-03-01 $259,450 (-0.7%) $297,152 (0.2%) 0.00 219
    2020-04-01 $254,725 (-3.8%) $295,058 (-3.0%) 0.00 216
    2020-05-01 $259,200 (-5.3%) $296,387 (-4.2%) 0.00 196
    2020-06-01 $261,250 (-5.0%) $303,696 (-1.2%) 0.00 177
    2020-07-01 $259,975 (-5.5%) $310,099 (-0.6%) 0.00 161
    2020-08-01 $249,900 (-11.1%) $307,982 (-3.9%) 0.00 153
    2020-09-01 $274,825 (-3.0%) $315,722 (-3.3%) 0.00 139
    2020-10-01 $255,000 (-10.4%) $309,174 (-5.3%) 0.00 119
    2020-11-01 $252,500 (-6.5%) $306,632 (-1.5%) 0.00 108
    2020-12-01 $280,625 (5.5%) $354,729 (14.6%) 0.00 96
    2021-01-01 $293,000 (12.8%) $376,303 (25.0%) 0.00 89
    2021-02-01 $294,000 (13.1%) $380,381 (25.6%) 0.00 71
    2021-03-01 $296,392 (14.2%) $370,455 (24.7%) 0.00 69
    2021-04-01 $304,367 (19.5%) $381,640 (29.3%) 0.00 64
    2021-05-01 $324,950 (25.4%) $388,953 (31.2%) 0.00 61
    2021-06-01 $340,950 (30.5%) $396,347 (30.5%) 0.00 57
    2021-07-01 $299,000 (15.0%) $366,668 (18.2%) 0.00 65
    2021-08-01 $318,000 (27.3%) $382,555 (24.2%) 0.00 68
    2021-09-01 $256,200 (-6.8%) $335,883 (6.4%) 0.00 76
    2021-10-01 $269,900 (5.8%) $354,688 (14.7%) 0.00 72
    2021-11-01 $274,900 (8.9%) $335,172 (9.3%) 0.00 61
    2021-12-01 $289,450 (3.1%) $340,700 (-4.0%) 0.00 61
    2022-01-01 $259,450 (-11.5%) $335,970 (-10.7%) 0.00 60
    2022-02-01 $262,400 (-10.8%) $327,681 (-13.9%) 0.00 53
    2022-03-01 $282,500 (-4.7%) $317,007 (-14.4%) 0.00 47
    2022-04-01 $322,000 (5.8%) $373,522 (-2.1%) 0.00 53
    2022-05-01 $312,000 (-4.0%) $365,549 (-6.0%) 0.00 61
    2022-06-01 $322,225 (-5.5%) $384,631 (-3.0%) 0.00 75
    2022-07-01 $311,500 (4.2%) $382,100 (4.2%) 0.00 87
    2022-08-01 $311,225 (-2.1%) $383,016 (0.1%) 0.00 89
    2022-09-01 $288,500 (12.6%) $351,724 (4.7%) 0.00 82
    2022-10-01 $312,000 (15.6%) $396,220 (11.7%) 0.00 86
    2022-11-01 $306,000 (11.3%) $384,382 (14.7%) 0.00 95
    2022-12-01 $308,950 (6.7%) $384,876 (13.0%) 0.00 78
    2023-01-01 $299,360 (15.4%) $363,931 (8.3%) 0.00 75
    2023-02-01 $309,975 (18.1%) $377,128 (15.1%) 0.00 60
    2023-03-01 $329,725 (16.7%) $399,012 (25.9%) 0.00 61
    2023-04-01 $329,900 (2.5%) $434,870 (16.4%) 0.00 61
    2023-05-01 $339,195 (8.7%) $481,816 (31.8%) 0.00 76
    2023-06-01 $324,365 (0.7%) $485,027 (26.1%) 0.00 92
    2023-07-01 $339,000 (8.8%) $472,438 (23.6%) 0.00 95
    2023-08-01 $335,623 (7.8%) $473,851 (23.7%) 0.00 87
    2023-09-01 $349,945 (21.3%) $479,253 (36.3%) 0.00 72
    2023-10-01 $375,000 (20.2%) $485,497 (22.5%) 0.00 76
    2023-11-01 $372,450 (21.7%) $447,440 (16.4%) 0.00 80
    2023-12-01 $375,000 (21.4%) $445,665 (15.8%) 0.00 73
    2024-01-01 $389,500 (30.1%) $427,881 (17.6%) 0.00 78
    2024-02-01 $373,725 (20.6%) $422,708 (12.1%) 0.00 94
    2024-03-01 $399,500 (21.2%) $426,716 (6.9%) 0.00 105
    2024-04-01 $442,425 (34.1%) $476,305 (9.5%) 0.00 92
    2024-05-01 $414,000 (22.1%) $476,398 (-1.1%) 0.00 105
    2024-06-01 $395,000 (21.8%) $459,682 (-5.2%) 0.00 128
    2024-07-01 $396,000 (16.8%) $455,430 (-3.6%) 0.00 113
    2024-08-01 $377,750 (12.6%) $459,181 (-3.1%) 0.00 119
    2024-09-01 $378,625 (8.2%) $440,712 (-8.0%) 0.00 129
    2024-10-01 $354,950 (-5.4%) $412,637 (-15.0%) 0.00 136
    Washington's median listing price for 2024-10-01 was $354,950, a difference of $-20,050 (-5.4%) versus the prior year and $-23,675 versus the prior month.

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

    Washington's average listing price for 2024-10-01 was $412,637, a difference of $-72,860 (-15.0%) versus the prior year and $-28,075 versus the prior month.

    For the 2024-10-01 period, Washington had 136 MLS listings, a difference of 7 listings (5%) versus the prior month and 60 listings (79%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Washington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,052 sqft
    2018-02-01 0 days 2,060 sqft
    2018-03-01 0 days 2,021 sqft
    2018-04-01 0 days 2,004 sqft
    2018-05-01 0 days 2,050 sqft
    2018-06-01 0 days 2,000 sqft
    2018-07-01 0 days 2,050 sqft
    2018-08-01 0 days 2,061 sqft
    2018-09-01 0 days 2,000 sqft
    2018-10-01 0 days 1,975 sqft
    2018-11-01 0 days 1,960 sqft
    2018-12-01 0 days 1,950 sqft
    2019-01-01 0 days 1,948 sqft
    2019-02-01 0 days 1,948 sqft
    2019-03-01 0 days 1,984 sqft
    2019-04-01 0 days 2,030 sqft
    2019-05-01 0 days 1,994 sqft
    2019-06-01 0 days 2,051 sqft
    2019-07-01 0 days 2,051 sqft
    2019-08-01 0 days 2,087 sqft
    2019-09-01 0 days 2,121 sqft
    2019-10-01 0 days 2,144 sqft
    2019-11-01 0 days 2,036 sqft
    2019-12-01 0 days 2,033 sqft
    2020-01-01 0 days 2,006 sqft
    2020-02-01 0 days 2,012 sqft
    2020-03-01 0 days 2,044 sqft
    2020-04-01 0 days 2,024 sqft
    2020-05-01 0 days 2,077 sqft
    2020-06-01 0 days 2,077 sqft
    2020-07-01 0 days 2,083 sqft
    2020-08-01 0 days 2,050 sqft
    2020-09-01 0 days 2,091 sqft
    2020-10-01 0 days 2,100 sqft
    2020-11-01 0 days 1,996 sqft
    2020-12-01 0 days 2,105 sqft
    2021-01-01 0 days 2,180 sqft
    2021-02-01 0 days 2,138 sqft
    2021-03-01 0 days 2,030 sqft
    2021-04-01 0 days 2,140 sqft
    2021-05-01 0 days 2,111 sqft
    2021-06-01 0 days 1,983 sqft
    2021-07-01 0 days 1,908 sqft
    2021-08-01 0 days 2,005 sqft
    2021-09-01 0 days 1,899 sqft
    2021-10-01 0 days 1,977 sqft
    2021-11-01 0 days 2,000 sqft
    2021-12-01 0 days 2,024 sqft
    2022-01-01 0 days 1,842 sqft
    2022-02-01 0 days 1,776 sqft
    2022-03-01 0 days 1,845 sqft
    2022-04-01 0 days 1,863 sqft
    2022-05-01 0 days 1,869 sqft
    2022-06-01 0 days 1,878 sqft
    2022-07-01 0 days 1,785 sqft
    2022-08-01 0 days 1,792 sqft
    2022-09-01 0 days 1,732 sqft
    2022-10-01 0 days 1,787 sqft
    2022-11-01 0 days 1,929 sqft
    2022-12-01 0 days 2,026 sqft
    2023-01-01 0 days 1,869 sqft
    2023-02-01 0 days 2,020 sqft
    2023-03-01 0 days 2,026 sqft
    2023-04-01 0 days 2,028 sqft
    2023-05-01 0 days 2,055 sqft
    2023-06-01 0 days 2,141 sqft
    2023-07-01 0 days 2,030 sqft
    2023-08-01 0 days 2,076 sqft
    2023-09-01 0 days 2,120 sqft
    2023-10-01 0 days 2,117 sqft
    2023-11-01 0 days 2,036 sqft
    2023-12-01 0 days 1,997 sqft
    2024-01-01 0 days 1,842 sqft
    2024-02-01 0 days 1,871 sqft
    2024-03-01 0 days 1,963 sqft
    2024-04-01 0 days 1,966 sqft
    2024-05-01 0 days 1,952 sqft
    2024-06-01 0 days 1,872 sqft
    2024-07-01 0 days 1,852 sqft
    2024-08-01 0 days 1,851 sqft
    2024-09-01 0 days 1,853 sqft
    2024-10-01 0 days 1,846 sqft
    Washington's median listing age (time on market) for 2024-10-01 was 0 days.

    Washington's median square footage for active listings during the 2024-10-01 period was 1,846 sqft. One year prior, the average listing was 2,117 sqft.

    Washington, NC Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 488 $115,420,000 $236,516
    Home Improvement 121 $10,185,000 $84,174
    Refi 92 $14,290,000 $155,326
    Other 91 $8,995,000 $98,846
    Cash Out Refi 56 $10,280,000 $183,571

    Washington's most frequently cited loan purpose was Home Purchase, with 488 originations. The 2nd most popular reason was Home Improvement, with 121 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 265 $60,285,000 $227,491
    7-8% 214 $36,790,000 $171,916
    5-6% 164 $36,790,000 $224,329
    Over 8% 112 $14,520,000 $129,643
    4-5% 72 $8,620,000 $119,722
    <2.5% 12 $590,000 $49,167
    3-4% 1 $95,000 $95,000

    During 2023, Washington's most frequently originated rate bucket was 6-7%, with 265 originations.

    Loan Sizing (Washington, NC MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 264 $71,820,000 $272,045
    $100,000 or less 260 $14,440,000 $55,538
    $100k-200k 260 $37,930,000 $145,885
    $400k-600k 48 $23,340,000 $486,250
    $600k-1000k 16 $11,640,000 $727,500

    Washington's loan sizing saw the bucket of loans from $200k-400k with 264 originations, totaling $71,820,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 297 $73,735,000 $248,266
    60-80% 185 $46,585,000 $251,811
    Under 20% 128 $6,070,000 $47,422
    20-40% 122 $12,570,000 $103,033
    40-60% 99 $16,605,000 $167,727
    Over 100% 11 $2,185,000 $198,636

    Washington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 297 originations, totaling $73,735,000 in origination value.