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Is Philo, IL 61864 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Philo is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list95.1%Sold price ÷ list price
Median days on market41Listing to accepted offer
Median price per sq ft$123

The Philo housing market right now

In the three months ending August 31, 2026, 0% of homes in Philo, IL 61864 sold above their list price, the typical home went under contract in 41 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.

Within Champaign County, homes here sell faster than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Dewey 61840 (100% sold over asking) and Fisher 61843 (67% sold over asking) are even more competitive.

Run the numbers for 61864

Prefilled for 61864Can I win this house?Multiple-offer likelihood for a listing Prefilled for 61864Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bondville 61815Seller’s market $133 /sq ftBroadlands 61816Seller’s market $128 /sq ftChampaign 61820Seller’s market $153 /sq ftChampaign 61821Seller’s market $162 /sq ft Browse all markets →

Towns like Philo nearby

Find towns like Philo in other states →
Sidney, IL61877 · 5 miles away89% similarsmaller · older residents Ogden, IL61859 · 14 miles away87% similarcheaper homes ($48K less) · smaller Fisher, IL61843 · 23 miles away82% similarcheaper homes ($38K less) · 6 min longer commute Homer, IL61849 · 11 miles away79% similarcheaper homes ($70K less) · older residents

Where Philo is

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Questions about Philo real estate

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

A buyer’s market: there were 9.6 months of supply in Philo, IL 61864 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Philo?

The typical home went under contract in 41 days in the latest three months.

Do homes in Philo sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 95.1% of the list price.

What are property taxes in Philo?

About 2.06% of a home’s value a year in Champaign County, or roughly $8,240 on a $400,000 home.

What is the median home price in Philo?

The median sale price was $199,414 in the three months ending August 31, 2026, about $123 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology