Housing Prices in Oil City, PA
How much do homes in Oil City, PA cost?
Median List Price
$75,000
$35/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in Oil City has decreased by 31.7% since last year.
Summary: The median home list price in Oil City was $75,000 in April 2024, down 31.7% from the previous year, and the median price per square foot was $35.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $97.2K | $35K | -64.0% |
| 4 Bedrooms | $112.4K | $86.7K | -22.9% |
| 5+ Bedrooms | $712.5K | $712.5K | 0.0% |
Summary: Oil City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 64%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Seneca | $99.8K | $184.4K | +84.8% |
| Sugarcreek | $86.5K | $137.5K | +59.0% |
| Cranberry Township | $159.9K | $179.9K | +12.5% |
| Oil City | $109.7K | $75K | -31.7% |
Housing Supply in Oil City, PA
How many homes are available in Oil City, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The Oil City real estate market had 7 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Oil City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Days on Market for Oil City, PA
How long does it take to sell a home in Oil City, PA?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 216 Days | 199 Days | -7.9% |
Summary: Homes in Oil City had an average listing age of 199 days in Apr 2024, down by 7.9% compared to the previous year.
