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Featured local agent — Oil City, PA
Sarah Mitchell
Compass Real Estate · Oil City, PA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Oil City, PA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$146,500median sale price
How is the Oil City, PA housing market right now?
The median home sale price in Oil City, PA is $146,500, up 28.5% year-over-year. Homes sell in an average of 113 days with 32 active listings. The market is currently a buyer'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 Oil City a buyer's or seller's market?
Oil City, PA is currently a buyer's market, based on 16.0 months of supply and homes selling in about 113 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
113
Average pace
Active listings
32
16.0 months supply
Sale-to-list
96.6%
Below asking
What does the Oil City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $146,500 |
| Median list price | $119,000 |
| Year-over-year price change | +28.5% |
| Average days on market | 113 days |
| Active inventory | 32 listings |
| Months of supply | 16.0 months |
| Sale-to-list price ratio | 96.6% |
| Median price per sq ft | $94/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 13 |
| Listings with a price cut | 21.9% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Oil City by property type?
How the Oil City, PA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $146,500 | $94/sq ft | 2 | 113 days |
Source: Redfin · Updated monthly
The Oil City housing market is currently classified as a buyer's market with a median sale price of $146,500. Prices have risen 28.5% compared to last year, with homes spending an average of 113 days on market, indicating 16.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 1.8x provides context for how home values compare to local earning capacity.
Homes for sale in Oil City
There are currently 32 homes listed for sale in Oil City, Pennsylvania. The median listing price is $119K.
Active listings
32
Homes on market
Median list price
$119K
Avg. days on market
113
Days until sale
New this week
13
Newly listed
Who lives in Oil City?
Population
9,517
Median income
$52,688/yr
Median age
42.5 years
Owner-occupied
61.4%
College grads
17.7%
Avg commute
19.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Oil City?
Zillow home value
$93,477
Price-to-income
1.8x
Source: Zillow Research
What is it like to live in Oil City?
Oil City is a community of approximately 10K residents with a median age of 42.5 years.The median household income is $52,688, which represents a working-class community with solid middle-income opportunities. 17.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 61.4%, showing a blend of owner and renter-occupied properties. The average commute time is 19.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Oil City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Oil City?
6 schools tracked · 1,812 students
The largest public schools serving Oil City, PA 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.
Oil City SHS
Grades 9-12 · 608 students
Oil City Area MS
Grades 5-8 · 562 students
Hasson Heights Sch
Grades K-4 · 389 students
Seventh Street Sch
Grades 2-4 · 152 students
Smedley Street Sch
Grades K-1 · 98 students
Venango Technology Center
Grades 9-12 · 3 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 Oil City, PA?
Want a head-to-head view? Compare Oil City side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Oil City?
The median home sale price in Oil City is $146,500, up 28.5% from last year.
How long do homes stay on market in Oil City?
Homes typically spend 113 days on market before going under contract.
What is the median income in Oil City?
The median household income is $52,688 per year.
Is Oil City a buyer's or seller's market?
With 16.0 months of supply, Oil City is currently a buyer's market.
What is the Zillow home value estimate for Oil City?
The Zillow Home Value Index (ZHVI) for Oil City is $93,477, representing the typical home value in the area.
How much does a single-family home cost in Oil City?
The median single-family home price in Oil City, PA is $146,500 (about $94 per square foot).
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