Oil City, PA Housing Market
Cold MarketMetro-level monthly sale metrics for rental investors — prices, inventory, pace, and negotiation signals. Figures represent the Oil City, PA metro area.
Data period: May 2026
Market snapshot
- Median sale price
- $240K
- Median days on market
- 53 days
- Months of supply
- 6.9
- Active inventory
- 138
- Homes sold
- 20
- Sale-to-list ratio
- 96.0%
- Listings with price drop
- 22.5%
- Data month
- May 2026
Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.
Rental Investor Snapshot
Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.
- Market temperature
- Cooling
- Buyer leverage
- High
- Pricing signal vs. U.S. median
- Easier buy-in vs. U.S. median (price only)
- Investor fit (heuristic)
- Buy-in vs. U.S. · Negotiation · BRRRR
Watch-outs
- Elevated price cuts can signal negotiation room — verify condition, rents, and comps street-by-street.
Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Oil City, PA market summary
The Oil City, PA metro area housing market is cooling down. As of May 2026, the median home sale price is $240K, up 59.9% year-over-year. Homes are spending a median of 53 days on the market, 24.3% shorter than a year ago.
There are 138 homes for sale — 3.0% more than last year. With 6.9 months of supply, this is a buyer's market. 47 new listings were added during this period, up 6.8% year-over-year.
Homes are selling for 96.0% of their list price on average, suggesting room for negotiation. 25.0% of homes sell above their asking price. 22.5% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
88
Contributing Factors
How This Market Compares
vs. National Median
vs. Pennsylvania Median
Investor takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 47% below the national median on this sale snapshot — that can mean lower buy-in, but cash flow still depends on local rent, financing, and expenses.
Oil City, PA market trends
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Detailed market metrics
Median list price
$175K
Price per sq ft
$124
Sale-to-list ratio
96.0%
Months of supply
6.9
Sold above list
25.0%
Price drops
22.5%
New listings
47
↑ 6.8% YoY
Pending sales
44
Off market in 2 weeks
38.6%
Oil City, PA housing market FAQs
What is the median home price in Oil City, PA?
For the latest published month, the median sale price in Oil City, PA is $240K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is Oil City, PA a buyer's or seller's market?
With about 6.9 months of supply, conditions often favor buyers (inventory is relatively high versus sales pace). That can mean more time to negotiate and compare listings.
How long do homes stay on the market in Oil City, PA?
For the latest published month, the median days on market in Oil City, PA is 53 days — half of homes went pending faster and half slower.
Is Oil City, PA good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Oil City, PA can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.
How should investors analyze a rental property in Oil City, PA?
Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Oil City, PA deals.
Compare more Pennsylvania metro markets
Explore nearby sale-market pace and pricing, then run a shortlist through the rental property calculator.
Pittsburgh, PA
$275K · 50d on market
Montgomery County, PA
$519K · 24d on market
Philadelphia, PA
$316K · 41d on market
Allentown, PA
$375K · 12d on market
Harrisburg, PA
$305K · 9d on market
York, PA
$299K · 9d on market
Scranton, PA
$240K · 16d on market
Lancaster, PA
$365K · 7d on market
National context
Step up to the U.S. housing market hub for national trends, then browse top metro markets by sales activity.
Underwrite a Oil City, PA deal with real numbers
Use Will It Flow for cash flow, DSCR, cap rate, and cash-on-cash return — free and fast.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.