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OIL CITY, PA 16301

Real Estate Market Report  ·  Venango County
Buyer's Market
July 2026  ·  Source: Realtor.com

Market Analysis

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

The OIL CITY, PA real estate market (16301) currently shows 56 active listings, with 16 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 61 days on market compared to 60 days last year.

The median listing price has risen 6.1% year-over-year, from $127,425 to $135,225.

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
56
⇧ 7.7% vs 52 last year
Pending
16
29% pending ratio
Median Price
$135,225
⇧ 6.1% vs $127,425 last year
Average Price
$192,336
⇧ 25.5% vs $153,313 last year
Days on Market
61
⇧ 1.7% vs 60 days last year

Price Per Square Foot

Median $/sqft
$86
⇩ 2.3% vs $88/sqft last year
Median Home Size
1,581 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 56 this year vs 52 last year
  • Days on market: 61 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $135,225 (+6.1% YoY)
  • Average: $192,336 (+25.5% 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 July 2026, there are 56 active listings in OIL CITY, PA (zip code 16301), compared to 52 the prior year.

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

The median listing price in OIL CITY, PA 16301 is $135,225 as of July 2026, a 6.1% increase from $127,425 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 61 days on the market before going under contract, compared to 60 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 July 2026, OIL CITY, PA 16301 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 61 days on market compared to 60 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 $2,705 compared to a typical 5% commission on the median listing price of $135,225. 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.