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Multi-family Foreclosures in Phoenix, IL

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Phoenix, IL Foreclosures

Current Market Conditions in in Phoenix, IL As of February 2026?
Over the past month, the Phoenix real estate market has experienced a slight increase in demand, particularly for single-family homes. With interest rates stabilizing, buyers are taking advantage of the market, leading to a 5% uptick in home sales. New listings have come onto the market, providing much-needed inventory, but they are being absorbed rapidly, resulting in a competitive landscape for buyers.
How much do homes sell for in Phoenix, IL?
The average home price is currently $121,711.
In Phoenix, IL, how many homes are available?
There are currently 1 active home listings available in Phoenix.
What’s the average rental cost in Phoenix, IL?
The average rental price in Phoenix is $1,201.
What is the most expensive home in Phoenix?
The most expensive home sold in Phoenix had a price of $1,163,191.
What is currently the cheapest priced home in Phoenix, IL?
The cheapest home for sale in Phoenix is priced at $11,215.

Living in Phoenix, IL

Phoenix, IL is a charming suburb of Chicago known for its tight-knit community and accessible amenities. The town features a variety of parks and recreational activities for all ages and is conveniently located near major highways for easy commuting. Its strong emphasis on family-friendly living and education makes it a desirable choice for homebuyers.

Buyer vs Seller Market in Phoenix, IL

The real estate market in Phoenix, IL has shown promising trends, with a steady increase in home values over the past year. Listings are averaging around 30 days on the market, reflecting a competitive environment for buyers as demand rises due to the town's appealing lifestyle and affordability compared to nearby Chicago.

Recent market analytics indicate that family-friendly homes with multiple bedrooms are particularly sought after, driving up their prices slightly. The influx of new residents searching for affordable housing options has prompted a subtle shift, pushing listings to move quickly.

Home Value Estimator For Phoenix, IL

There are currently 863 real estate properties in Phoenix, IL, with a median automated valuation model (AVM) price of $102,938.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Phoenix, 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 Phoenix, IL, is $121,711.00, with the most expensive house in Phoenix, IL, topping out at $1,163,191.00 and the cheapest home in Phoenix, IL, clocking in at $11,215.00. In other words, there’s something for every potential homebuyer or savvy investor in Phoenix, IL!

Rent Prices In Phoenix, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Phoenix, IL, is on a rollercoaster ride. The average rent price in Phoenix, IL, is $1,201.00. Indeed, when looking to rent in Phoenix, IL, you can expect to pay as little as $750.00 or as much as $2,310.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Phoenix, 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.

Phoenix, IL Multi-family Homes

Market Trend for Phoenix, IL

Total Listings Available: 1

Market Values:

Home Prices from $11,215 to $1,163,191

Average Sales Price: $121,711

Rental Values:

Rental from $750 to $2,310

Average Rent Value: $1,201 / month

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