Oil City, PA
Housing market overview · Updated weekly
$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
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
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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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