Oil City, PA Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Oil City, PA is $69,500, down 25.5% year-over-year. Homes sell in an average of 115 days with 27 active listings. The market is currently a leaning buyer's.
$69,500median sale price
Homes sold
8
Last 12 weeks
Days on market
115
Average pace
Active listings
27
3.4 months supply
Sale-to-list
91.2%
Below asking
Oil City, PA market data
| Metric | Value |
|---|---|
| Median sale price | $69,500 |
| Median list price | $79,000 |
| Year-over-year price change | -25.5% |
| Average days on market | 115 days |
| Active inventory | 27 listings |
| Months of supply | 3.4 months |
| Sale-to-list price ratio | 91.2% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The Oil City housing market is currently classified as a leaning buyer's with a median sale price of $69,500. Prices have fallen 25.5% compared to last year, with homes spending an average of 115 days on market, indicating 3.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Oil City
There are currently 27 homes listed for sale in Oil City, Pennsylvania. The median listing price is $79K.
Active listings
27
Homes on market
Median list price
$79K
Avg. days on market
115
Days until sale
New this week
4
Newly listed
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Frequently asked questions
What is the average home price in Oil City?
The median home sale price in Oil City is $69,500, down 25.5% from last year.
How long do homes stay on market in Oil City?
Homes typically spend 115 days on market before going under contract.
Is Oil City a buyer's or seller's market?
With 3.4 months of supply, Oil City is currently a leaning buyer's.
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