Is Philo, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Philo is a 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

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $111.5K$144.9K
+30.0%
3 $172.9K$200K
+15.6%
4 $184.5K$181.9K
-1.4%
5+ $225K-
N/A

Median Sold Price Compared To Nearby Cities

Philo
+7.9%
Philo Township
+7.3%

How many homes are available in Philo, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
110.0%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
01+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

Asking vs Sold - buyer

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 2021Dec 2022%
72 Days116 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Philo are taking a long time to sell, it's a good idea to negotiate on homes here.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Philo, IL

Philo, IL has 1 homes on the market. The median list price of listings available in December 2022 was $180,975, while the average time on the real estate market was 116 days. This housing market listing prices have changed between November 2022 and December 2022: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 30%, the cost of 3 bedrooms properties went up by 15.6%, 4 bedrooms properties became 1.4% more cheaper, 5 bedrooms properties prices increased by 0%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes remained the same, 3 bedrooms homes did not move, 4 bedrooms homes did not move, volume of 5 bedrooms homes stayed the same. In December 2022 more than 0 listings in Philo, IL were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.