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OIL CITY, PA 16301

Real Estate Market Report  ·  Venango County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The OIL CITY, PA real estate market (16301) currently shows 38 active listings, with 13 pending sales. Homes are averaging 134 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 134 days on market compared to 119 days last year.

The median listing price has risen 15.4% year-over-year, from $115,950 to $133,800.

Whether you are buying or selling in OIL CITY, PA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 15,178  ·  Density: 61.9/mi²  ·  Median household income: $54,558

Typical home value: $80,280  ·  Homeownership: 71.0%

Market Overview

Active Listings
38
⇩ 9.5% vs 42 last year
Pending
13
34% pending ratio
Median Price
$133,800
⇧ 15.4% vs $115,950 last year
Average Price
$197,402
⇧ 34.1% vs $147,213 last year
Days on Market
134
⇧ 12.6% vs 119 days last year

Price Per Square Foot

Median $/sqft
$90
⇧ 16.9% vs $77/sqft last year
Median Home Size
1,504 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 38 this year vs 42 last year
  • Days on market: 134 now vs 119 last year

Median & Average Pricing

Year over Year
  • Median: $133,800 (+15.4% YoY)
  • Average: $197,402 (+34.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.9 miles — 133 listings ($27,663,466 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
16301Oil City, PA 163010.0 mi43$6,376,857$116,225$148,299
16346Seneca, PA 163465.5 mi6$1,465,428$243,975$244,238
16319Cranberry, PA 163199.3 mi3$693,999$214,000$231,333
16323Franklin, PA 163239.8 mi43$9,679,214$157,450$225,098
16317Cooperstown, PA 1631711.8 mi5$533,100$109,975$106,620
16326Fryburg, PA 1632612.8 mi5$837,700$159,000$167,540
16321East Hickory, PA 1632115.0 mi1$95,000$95,000$95,000
16374Kennerdell, PA 1637415.8 mi7$2,314,669$380,000$330,667
16361Tylersburg, PA 1636116.6 mi1$135,000$135,000$135,000
16232Knox, PA 1623217.0 mi9$2,074,167$221,800$230,463
16342Polk, PA 1634217.3 mi4$873,332$190,000$218,333
16420Grand Valley, PA 1642017.4 mi2$1,725,000$862,500$862,500
16360Townville, PA 1636019.9 mi4$860,000$215,000$215,000

Frequently Asked Questions

How many homes are for sale in OIL CITY, PA 16301?

As of April 2026, there are 38 active listings in OIL CITY, PA (zip code 16301), compared to 42 the prior year.

What is the median home price in OIL CITY, PA 16301?

The median listing price in OIL CITY, PA 16301 is $133,800 as of April 2026, a 15.4% increase from $115,950 the prior year.

How long do homes stay on the market in OIL CITY, PA?

Homes in OIL CITY, PA 16301 spend an average of 134 days on the market before going under contract, compared to 119 days the prior year.

Is it a seller's or buyer's market in OIL CITY, PA 16301?

Based on current inventory and days-on-market data as of April 2026, OIL CITY, PA 16301 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 134 days on market compared to 119 days last year.

How much can I save on real estate commission in OIL CITY, PA?

With SELL123.com's maximum 3% commission, sellers in OIL CITY, PA 16301 save an estimated $2,676 compared to a typical 5% commission on the median listing price of $133,800. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.