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Featured local agent — Philo, IL
Sarah Mitchell
Compass Real Estate · Philo, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Philo, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$567,500median sale price
How is the Philo, IL housing market right now?
The median home sale price in Philo, IL is $567,500, up 54.4% year-over-year. Homes sell in an average of 105 days with 1 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Philo a buyer's or seller's market?
Philo, IL is currently a seller's market, based on 0.5 months of supply and homes selling in about 105 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
105
Average pace
Active listings
1
0.5 months supply
Sale-to-list
98.2%
Below asking
What does the Philo housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $567,500 |
| Year-over-year price change | +54.4% |
| Average days on market | 105 days |
| Active inventory | 1 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 98.2% |
| Median price per sq ft | $172/sq ft |
| Homes sold (latest month) | 2 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Philo by property type?
How the Philo, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $567,500 | $172/sq ft | 2 | 105 days |
Source: Redfin · Updated monthly
The Philo housing market is currently classified as a seller's market with a median sale price of $567,500. Prices have risen 54.4% compared to last year, with homes spending an average of 105 days on market, indicating 0.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.6x provides context for how home values compare to local earning capacity.
Homes for sale in Philo
There are currently 1 homes listed for sale in Philo, Illinois.
Active listings
1
Homes on market
Avg. days on market
105
Days until sale
Who lives in Philo?
Population
1,461
Median income
$103,438/yr
Median age
34.5 years
Owner-occupied
88.0%
College grads
28.4%
Avg commute
21.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Philo?
Zillow home value
$270,685
Price-to-income
2.6x
Source: Zillow Research
What is it like to live in Philo?
Philo is a community of approximately 1K residents with a median age of 34.5 years.The median household income is $103,438, which reflects a relatively affluent area with strong earning potential. 28.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 88.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Philo offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Philo?
1 schools tracked · 241 students
The largest public schools serving Philo, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Unity East
Grades PK-5 · 241 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Philo, IL?
Want a head-to-head view? Compare Philo side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Philo?
The median home sale price in Philo is $567,500, up 54.4% from last year.
How long do homes stay on market in Philo?
Homes typically spend 105 days on market before going under contract.
What is the median income in Philo?
The median household income is $103,438 per year.
Is Philo a buyer's or seller's market?
With 0.5 months of supply, Philo is currently a seller's market.
What is the Zillow home value estimate for Philo?
The Zillow Home Value Index (ZHVI) for Philo is $270,685, representing the typical home value in the area.
How much does a single-family home cost in Philo?
The median single-family home price in Philo, IL is $567,500 (about $172 per square foot).
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