Is Tampico, IL 61283 a buyer’s or seller’s market?
Tampico is a seller’s market. With about 2.1 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Tampico housing market right now
In the three months ending August 31, 2026, 33% of homes in Tampico, IL 61283 sold above their list price, the typical home went under contract in 39 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold faster (66 days then) and the median sale price rose 9% to $149,935. Overall, Tampico is more competitive than a year ago, so tougher for buyers.
Within Whiteside County, homes here sell faster than in 56% of the county’s ZIP codes, and sell more often over asking than in 67%.
Nearby, buyers who want less competition could look at Lyndon 61261 (0% sold over asking) or Prophetstown 61277 (7% sold over asking), while Fenton 61251 (50% sold over asking) is even more competitive.
Run the numbers for 61283
Nearby markets
Albany 61230Seller’s market $121 /sq ftDeer Grove 61243 — /sq ftErie 61250Seller’s market $95 /sq ftFenton 61251Seller’s market $171 /sq ft Browse all markets →Towns like Tampico nearby
Find towns like Tampico in other states →Where Tampico is
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Questions about Tampico real estate
Is Tampico a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Tampico, IL 61283 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Tampico?
The typical home went under contract in 39 days in the latest three months.
Do homes in Tampico sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 112.2% of the list price.
What are property taxes in Tampico?
About 2.04% of a home’s value a year in Whiteside County, or roughly $8,160 on a $400,000 home.
What is the median home price in Tampico?
The median sale price was $149,935 in the three months ending August 31, 2026, about $103 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology