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Foreclosure Homes in Phillips, NE 68865

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Phillips, NE Foreclosures

Current Market Conditions in in Phillips, NE As of February 2026?
Over the past month, Phillips has experienced a slight increase in home sale prices, indicative of a rising demand for housing in rural communities. The shortage of available homes has prompted buyers to act quickly, often leading to competitive bidding situations. Despite this increase, Phillips remains an affordable option compared to more urban areas in Nebraska.
How much do homes sell for in Phillips, NE?
The average home price is currently $392,368.
In Phillips, NE, how many homes are available?
There are currently 9 active home listings available in Phillips.
What’s the average rental cost in Phillips, NE?
The average rental price in Phillips is $1,145.
What is the most expensive home in Phillips?
The most expensive home sold in Phillips had a price of $1,950,480.
What is currently the cheapest priced home in Phillips, NE?
The cheapest home for sale in Phillips is priced at $17,950.

Living in Phillips, NE

Phillips, NE is a quaint rural town that offers the serenity of small-town life with outdoor activities and a strong community spirit. Residents enjoy easy access to essential amenities and quality education through its public school systems. The surrounding natural landscapes offer numerous opportunities for recreation and relaxation.

Buyer vs Seller Market in Phillips, NE

Currently, the real estate market in Phillips shows signs of modest growth, with an increasing number of buyers looking for homes in rural areas due to a shift in lifestyle preferences post-pandemic. The demand for smaller, affordable homes is on the rise, attracting families and retirees alike who prefer a more laid-back environment.

Price trends over the last few months indicate stability, with home values gradually increasing due to limited inventory and a strong demand from prospective homeowners seeking a quiet place to live.

Home Value Estimator For Phillips, NE

There are currently 497 real estate properties in Phillips, NE, with a median automated valuation model (AVM) price of $324,757.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Phillips, NE, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Phillips, NE, is $392,368.00, with the most expensive house in Phillips, NE, topping out at $1,950,480.00 and the cheapest home in Phillips, NE, clocking in at $17,950.00. In other words, there’s something for every potential homebuyer or savvy investor in Phillips, NE!

Rent Prices In Phillips, NE

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Phillips, NE, is on a rollercoaster ride. The average rent price in Phillips, NE, is $1,145.00. Indeed, when looking to rent in Phillips, NE, you can expect to pay as little as $500.00 or as much as $2,220.00, with the average rent median estimated to be $1,040.00. The good news is that finding an affordable and desirable property to rent in Phillips, NE -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Phillips, NE 68865 Foreclosures

Market Trend for Phillips, NE

Total Listings Available: 9

Market Values:

Home Prices from $17,950 to $1,950,480

Average Sales Price: $392,368

Rental Values:

Rental from $500 to $2,220

Average Rent Value: $1,145 / month

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