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Foreclosure Homes in Philo, IL

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Philo, IL Foreclosures

Current Market Conditions in in Philo, IL As of April 2026?
Over the past month, the real estate market in Philo has shown signs of continued stability. Sales have remained consistent, with a slight uptick in interest from buyers looking for spacious homes with large yards. Inventory levels have not significantly changed, suggesting that demand is still outpacing supply, making it a favorable market for sellers. Overall, the outlook remains positive as more families consider moving to Philo for its community feel and quality of life.
How much do homes sell for in Philo, IL?
The average home price is currently $261,696.
In Philo, IL, how many homes are available?
There are currently 32 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 $2,048,240.
What is currently the cheapest priced home in Philo, IL?
The cheapest home for sale in Philo is priced at $16,989.

Living in Philo, IL

Philo, Illinois, is a charming small village known for its friendly community and peaceful living environment. With a population of just over 1,200, residents cherish their close-knit neighborhoods and local amenities. It is conveniently located near the vibrant cities of Champaign and Urbana, offering both tranquility and easy access to urban life.

Buyer vs Seller Market in Philo, IL

The Philo real estate market is characterized by its affordability, making it an attractive option for first-time homebuyers and families looking for a quieter place to live. Homes in Philo tend to be lower priced compared to neighboring urban areas, creating opportunities for investment and growth in property values.

Recently, there has been a steady increase in demand for homes in Philo, as more people are looking to escape crowded city life for a more relaxed environment. This trend is reflected in the rising sales activity and a gradual increase in home prices.

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 $230,596.00. 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 $261,696.00, with the most expensive house in Philo, IL, topping out at $2,048,240.00 and the cheapest home in Philo, IL, clocking in at $16,989.00. 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 Foreclosures

Market Trend for Philo, IL

Total Listings Available: 32

Market Values:

Home Prices from $16,989 to $2,048,240

Average Sales Price: $261,696

Rental Values:

Rental from $680 to $3,090

Average Rent Value: $1,486 / month

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