Philo, IL Foreclosures
How much do homes sell for in Philo, IL?
The average home price is currently $236,525.
In Philo, IL, how many homes are available?
There are currently 27 active home listings available in Philo.
What’s the average rental cost in Philo, IL?
The average rental price in Philo is $1,484.
What is the most expensive home in Philo?
The most expensive home sold in Philo had a price of $1,998,454.
What is currently the cheapest priced home in Philo, IL?
The cheapest home for sale in Philo is priced at $16,390.
Living in Philo, IL
Philo, IL, is a charming small town with a vibrant community spirit and access to numerous outdoor and educational activities. The town offers a serene environment while being close to larger cities, making it ideal for families and those seeking a quieter lifestyle. Local amenities and public services enhance the living experience in this welcoming community.
Current Market Conditions in Philo, IL
The real estate market in Philo, IL, showcases a steady demand for homes, especially among families looking for affordable housing options with quality schooling nearby. Prices have shown stability with moderate appreciation over the past years, appealing to both first-time buyers and investors.
Current trends indicate a growing interest in suburban living, fueled by remote work options. As more people seek out quieter communities like Philo, the market is expected to continue attracting both homeowners and investors, suggesting promising future growth.
Home Value Estimator For Philo, IL
There are currently 657 real estate properties
in Philo, IL,
with a median automated valuation model (AVM) price
of $220,165.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Philo, IL, 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 Philo, IL,
is $236,525.00, with the most expensive house
in Philo, IL, topping out
at $1,998,454.00 and the cheapest home
in Philo, IL,
clocking in at $16,390.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Philo, IL!
Rent Prices
In Philo, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Philo, IL, is on
a rollercoaster ride. The
average rent price in Philo, IL,
is $1,484.00. Indeed, when looking to rent in
Philo, IL, you can expect to pay as little
as $680.00 or as much
as $3,090.00,
with the average rent median estimated to
be $1,460.00. The good news is that finding
an affordable and desirable property to rent in Philo, IL
-- 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.
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