Is Philo, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, Philo has remained a Seller's Market.
Key Takeaway
Philo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Philo, IL cost?
Median Sold Price
$180,975
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
+$13,275(+7.9%)
Key Takeaway
Homes in Philo have sold for 7.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $111.5K | $144.9K | +30.0% |
| 3 Bedrooms | $172.9K | $200K | +15.6% |
| 4 Bedrooms | $184.5K | $181.9K | -1.4% |
| 5+ Bedrooms | $225K | - | N/A |
Median Sold Price Compared To Nearby Cities
| Philo | $167.7K | $180.9K | +7.9% |
| Philo Township | $173.2K | $185.9K | +7.3% |
How many homes are available in Philo, IL?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 1 | 1 | 0.0% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Philo, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 72 Days | 116 Days | +61.1% |
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Philo are taking a long time to sell, it's a good idea to negotiate on homes here.