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Foreclosure Homes in Phoenix, IL

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Phoenix, IL Foreclosures

Current Market Conditions in in Phoenix, IL As of April 2026?
Over the past month, the real estate market in Phoenix, IL has remained steady with home prices holding firm. There has been a slight uptick in home sales attributed to favorable interest rates and demand for family-friendly neighborhoods. Properties that are well-maintained are seeing quicker sales, while fixer-uppers continue to attract attention from investors looking to renovate.
How much do homes sell for in Phoenix, IL?
The average home price is currently $120,247.
In Phoenix, IL, how many homes are available?
There are currently 27 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 $964,200.
What is currently the cheapest priced home in Phoenix, IL?
The cheapest home for sale in Phoenix is priced at $11,011.

Living in Phoenix, IL

Phoenix, IL is a charming village located just south of Chicago. Known for its community spirit and quiet suburban life, it features parks, schools, and ongoing development efforts. This area is ideal for families and those seeking convenient access to the greater Chicago area.

Buyer vs Seller Market in Phoenix, IL

The current real estate market in Phoenix is showing signs of stability, with slight price increases observed over the past year. Demand for single-family homes is steady, influenced by the proximity to Chicago and the affordability of the area compared to neighboring communities.

Investors are finding opportunities in Phoenix as the ongoing suburbs revitalization boosts property values. The market is gradually attracting both first-time homebuyers and those looking to invest in rental properties.

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 $104,296.00. 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 $120,247.00, with the most expensive house in Phoenix, IL, topping out at $964,200.00 and the cheapest home in Phoenix, IL, clocking in at $11,011.00. 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 Foreclosures

Market Trend for Phoenix, IL

Total Listings Available: 27

Market Values:

Home Prices from $11,011 to $964,200

Average Sales Price: $120,247

Rental Values:

Rental from $750 to $2,310

Average Rent Value: $1,201 / month

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