Philo, IL Foreclosures
Current Market Conditions in in Philo, IL As of March 2026?
Over the past month, the Philo real estate market has seen an uptick in buyer interest, leading to some properties selling faster than usual. Several homes have gone under contract within a few days of listing, indicating strong demand. New listings have also emerged, providing a greater variety of options for prospective buyers. Sellers are advised to competitively price their homes to attract multiple offers, which is becoming a common trend in the area.
How much do homes sell for in Philo, IL?
The average home price is currently $262,237.
In Philo, IL, how many homes are available?
There are currently 12 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 $2,273,334.
What is currently the cheapest priced home in Philo, IL?
The cheapest home for sale in Philo is priced at $17,104.
Living in Philo, IL
Philo, a charming village located in east-central Illinois, offers a small-town atmosphere just a short drive from the larger city of Champaign-Urbana. With a population of about 1,100, it provides a tight-knit community feel, where residents enjoy various local amenities and recreational activities. The village is known for its quiet streets, beautiful parks, and strong community spirit, making it an ideal place for families and retirees alike.
Buyer vs Seller Market in Philo, IL
The real estate market in Philo remains stable, with a healthy mix of residential properties ranging from charming older homes to newer constructions. The demand for housing has been consistent, with a steady influx of families and individuals drawn to the community's strong sense of belonging and affordability.
Current trends indicate a slight increase in property values year-over-year as more people recognize the appeal of Philo's small-town charm combined with proximity to urban amenities. Investors might find potential in rental properties, as many residents look for affordable options while commuting to nearby cities.
Overall, homes in Philo see moderate appreciation in value, with houses typically remaining on the market for a reasonable period, providing opportunities for both sellers and buyers.
Home Value Estimator For Philo, IL
There are currently 702 real estate properties
in Philo, IL,
with a median automated valuation model (AVM) price
of $231,256.00. 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 $262,237.00, with the most expensive house
in Philo, IL, topping out
at $2,273,334.00 and the cheapest home
in Philo, IL,
clocking in at $17,104.00. 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.
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