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Featured local agent — Philo, CA
Sarah Mitchell
Compass Real Estate · Philo, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Philo, CA Housing Market
The last median sale price Redfin published was $545,500, -2.5% year over year (through May 2026). With 4.0 months of supply and homes going under contract in about 28 days, Philo is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $545,500 home is about $2,804/mo in principal and interest.
Key numbers for Philo, CA
Median sale price
$545,500
-2.5% year over year
Redfin, through July 2025
Days on market
28
Average pace
Redfin, through July 2025
Active listings
4
4.0 months of supply
Redfin, through July 2025
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$73,603
Home costs 7.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.3%
Selling below asking
Redfin, through July 2025
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Philo a buyer's or seller's market?
Philo, CA is a balanced market, based on 4.0 months of supply and homes selling in about 28 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Philo housing market data show?
Every row below is Redfin's final published month for Philo, CA. Redfin, through July 2025
| Metric | Value |
|---|---|
| Median sale price | $545,500 |
| Year-over-year price change | -2.5% |
| Median price per sq ft | $260/sq ft |
| Median days on market | 28 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 98.3% |
| Homes sold (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Philo is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Philo is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Philo home prices moved?
Across the 4 months we hold for Philo, CA, the median sale price fell 24.8%, from $725,000 in September 2021 to $545,500. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 98.3%. Watch those two together — they move before the median does.
Redfin, through July 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Philo?
Priced off the median sale price of $545,500 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $109,100 | $436,400 | $2,804/mo |
| 5% | $27,275 | $518,225 | $3,330/mo |
Redfin, through July 2025 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,804, that implies roughly $120,190 a year before you add taxes and insurance. The median household in Philo earns $73,603, about $46,587 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 7.4x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Philo in the next 12 months?
Tell us your timeline. We send the Philo market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Philo?
Zillow does not publish a rent index (ZORI) for Philo, CA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Philo?
Active listings in Philo, CA went from 1 in July 2024 to 4 in July 2025, a +300.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| July 2024 | 1 | not published |
| June 2025 | 5 | 1 |
| July 2025 | 4 | not published |
Redfin, through July 2025
How does Philo compare to California and the U.S.?
Philo homes sell for $545,500 — 39% below the California median of $887,400. Against the national median of $410,700, Philo runs 33% higher. Year-over-year, Philo moved -2.5% against California's +3.4% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Philo, CA | $545,500 | -2.5% | 28 days |
| California statewide | $887,400 | +3.4% | 33 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through July 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Philo
What buyers should watch
- Months of supply, currently 4.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $526 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $545,500 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Philo listing goes under contract in 28 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Philo varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Philo
There are currently 4 homes listed for sale in Philo, California.
Active listings
4
Homes on market
Avg. days on market
28
Days until sale
How much do homes cost in Philo by property type?
How the Philo, CA market breaks down across single-family homes, condos and townhouses. Redfin, through July 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $395,000 | $359/sq ft | 1 | 96 days |
Who lives in Philo?
American Community Survey estimates for Philo. U.S. Census ACS, 2023
Population
41
Households
39
Median income
$73,603/yr
Median age
76.4 years
Owner-occupied
69.2%
69.2% of occupied homes in Philo are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Philo, CA?
Ordered by distance from Philo, not by size. Compare Philo side by side with any of them.
Philo housing market FAQ
Is Philo a buyer's or seller's market?
Philo, CA is currently a balanced market. That read comes from 4.0 months of supply, homes going under contract in about 28 days, and sellers getting 98.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Philo?
The median sale price in the last month Redfin published was $545,500, about $260 per square foot.
Is Philo cheaper than the rest of California?
Philo's median sale price of $545,500 is 39% lower than the California statewide median of $887,400, and 33% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Philo?
Homes in Philo, CA spent a median of 28 days on market before going under contract, versus 33 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Philo?
At the current 30-year fixed rate of 6.66%, 20% down on a $545,500 home is about $2,804 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $120,190 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $73,603.
Are home prices rising in Philo?
Redfin's last published year-over-year change for Philo, CA was -2.5%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Philo?
Philo ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Philo?
That depends on your timeline, not on a headline. What the data says today: Philo, CA is a balanced market with 4.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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