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Sunday, November 24, 2024

Tampico home prices fall in the second quarter of 2019

Re 13

The median sale price of a home sold in the second quarter of 2019 in Tampico fell by $7,750 while total sales increased by 50%, according to BlockShopper.com.

From April through June of 2019, there were six homes sold, with a median sale price of $61,750 - a 11.2% decrease over the $69,500 median sale price for the same period of the previous year. There were four homes sold in Tampico in the second quarter of 2018.

The median sales tax in Tampico for the most recent year with available data, 2018, was $1,763, approximately 2.9% of the median home sale price for the second quarter of 2019.

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

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Morrison322152.4%$105,750$82,00029%
Prophetstown22220%$98,500$71,40038%
Sterling7983-4.8%$85,000$77,9009.1%
Lyndon37-57.1%$79,000$27,000192.6%
Rock Falls675521.8%$70,000$69,0001.4%
Douglas Park12-50%$65,000$59,00010.2%
Grimes Addition10-$63,900$0-
Tampico6450%$61,750$69,500-11.2%
Fenton110%$20,000$75,000-73.3%
Yeoward Addition13-66.7%$15,000$52,000-71.2%
Little Oklahoma110%$5,000$26,000-80.8%

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