Oil City, PA metro area Housing Market
Cold MarketComprehensive housing market data for the Oil City, PA metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$120K
↓ 10.0% YoY
Days on Market
139 days
↑ 17.8% YoY
Active Inventory
113
↓ 1.7% YoY
Homes Sold
20
↓ 35.5% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Oil City, PA metro area Market Summary
The Oil City, PA metro area housing market is cooling down. As of March 2026, the median home sale price is $120K, down 10.0% year-over-year. Homes are spending a median of 139 days on the market, 17.8% longer than a year ago.
There are 113 homes for sale — 1.7% fewer than last year. With 5.7 months of supply, this is a balanced market. 28 new listings were added during this period, down 15.2% year-over-year.
Homes are selling for 91.2% of their list price on average, suggesting room for negotiation. 20.0% of homes sell above their asking price. 24.8% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
81
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 72% below the national median, which could indicate stronger cash flow potential.
Oil City, PA metro area Market Trends
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Detailed Market Metrics
Median List Price
$187K
Price per Sq Ft
$57
Sale-to-List Ratio
91.2%
Months of Supply
5.7
Sold Above List
20.0%
Price Drops
24.8%
New Listings
28
↓ 15.2% YoY
Pending Sales
24
Off Market in 2 Weeks
29.2%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.