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Monday, November 25, 2024

Tampico home prices rise in the third quarter of 2019

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The median sale price of a home sold in the third quarter of 2019 in Tampico rose by $18,000 while total sales increased by 66.7%, according to BlockShopper.com.

From July through September of 2019, there were five homes sold, with a median sale price of $48,000 - a 60% increase over the $30,000 median sale price for the same period of the previous year. There were three homes sold in Tampico in the third quarter of 2018.

The median sales tax in Tampico for the most recent year with available data, 2018, was $1,763, approximately 3.7% of the median home sale price for the third quarter of 2019.

The following table compares Tampico to other Whiteside County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Prophetstown710-30%$100,000$74,00035.1%
Sterling1108431%$89,950$85,5005.2%
Rock Falls6974-6.8%$84,500$72,50016.6%
Fenton10-$84,500$0-
Fulton2233-33.3%$79,250$155,000-48.9%
Grimes Addition110%$72,500$5,9001128.8%
Douglas Park220%$56,250$58,000-3%
Yeoward Addition220%$50,950$20,775145.2%
Tampico5366.7%$48,000$30,00060%
Lyndon37-57.1%$35,500$36,000-1.4%
Little Oklahoma10-$7,500$0-

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