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Preforeclosure Homes in Philo, IL 61864

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Philo, IL Foreclosures

How much do homes sell for in Philo, IL?
The average home price is currently $265,682.
In Philo, IL, how many homes are available?
There are currently 2 active home listings available in Philo.
What’s the average rental cost in Philo, IL?
The average rental price in Philo is $1,486.
What is the most expensive home in Philo?
The most expensive home sold in Philo had a price of $2,431,559.
What is currently the cheapest priced home in Philo, IL?
The cheapest home for sale in Philo is priced at $17,370.

Living in Philo, IL

Philo, Illinois, is a charming village that offers a peaceful, small-town environment. With lush parks and a strong community spirit, it's ideal for families and individuals seeking a slower pace of life. Its close proximity to Champaign means residents can enjoy both rural and urban lifestyles seamlessly.

Current Market Conditions in Philo, IL

The real estate market in Philo remains steady, with moderate demand for homes as buyers are drawn to the village's tranquility and community-centric lifestyle. Recent market activity suggests that there are opportunities for good investments, particularly in single-family homes. As the village continues to grow slowly, the market favors properties that reflect the area's rural charm.

Homes in Philo typically attract buyers looking for family-friendly environments and thus see varying attention based on location and features, with a particular interest in well-maintained properties.

Home Value Estimator For Philo, IL

There are currently 701 real estate properties in Philo, IL, with a median automated valuation model (AVM) price of $233,372.00. 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 $265,682.00, with the most expensive house in Philo, IL, topping out at $2,431,559.00 and the cheapest home in Philo, IL, clocking in at $17,370.00. 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 $1,486.00. 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.

Philo, IL 61864 Preforeclosure Homes


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