$6,531 Closing Credit*
$550,000
2,488 SqFt
3 Beds
•2 Full Baths, 1 Partial
Allen Sharrer, Listing Office: 1St Rate Realty Llc
Housing Prices in Oil City, PA
How much do homes in Oil City, PA cost?
Median List Price
$119,950
$77/sqft
Based on all homes listed in the last 12 months.
Difference Since October 2023
+$32,450(+37.1%)
Key Takeaway
The list price of homes in Oil City has increased by 37.1% since last year.
Summary: The median home list price in Oil City was $119,950 in October 2024, up 37.1% from the previous year, and the median price per square foot was $77.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $44.9K | $142.4K | +217.3% |
| 4 Bedrooms | $107K | $52.5K | -50.9% |
| 5+ Bedrooms | $712.5K | $702.4K | -1.4% |
Summary: Oil City housing prices by bedroom type for October 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 increased by 217.3%, 4 bedroom homes decreased by 50.9%, and 5+ bedroom homes decreased by 1.4%.
Median List Price Compared To Nearby Cities
| Cranberry Township | $179.9K | $435K | +141.8% |
| Oil City | $87.5K | $119.9K | +37.1% |
Housing Supply in Oil City, PA
How many homes are available in Oil City, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Summary: The Oil City real estate market had 6 homes for sale in October 2024, a 100.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 4 | +300.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Oil City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 300%, 4 bedroom homes remained the same, 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 297 Days | 51 Days | -82.8% |
Summary: Homes in Oil City had an average listing age of 51 days in Oct 2024, down by 82.8% compared to the previous year.
