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OIL CITY, LA 71061

Real Estate Market Report  ·  Caddo County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
7
⇧ 75% vs 4 last year
Pending
1
14% pending ratio
Median Price
$334,500
⇧ 6.8% vs $313,250 last year
Average Price
$609,600
⇧ 105.7% vs $296,371 last year
Days on Market
156
⇧ 12.2% vs 139 days last year

Market Context

Population: 1,859  ·  Density: 35.3/mi²  ·  Median household income: $34,259

Typical home value: $155,086  ·  Homeownership: 54.1%

Market Analysis

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

The OIL CITY, LA real estate market (71061) currently shows 7 active listings, with 1 pending sales. Homes are averaging 156 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 156 days on market compared to 139 days last year.

The median listing price has risen 6.8% year-over-year, from $313,250 to $334,500.

Whether you are buying or selling in OIL CITY, LA, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 4 last year
  • Days on market: 156 now vs 139 last year

Median & Average Pricing

Year over Year
  • Median: $334,500 (+6.8% YoY)
  • Average: $609,600 (+105.7% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.5 miles — 698 listings ($178,396,675 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
71061Oil City, LA 710610.0 mi7$4,267,200$334,500$609,600
71004Belcher, LA 710046.9 mi1$295,000$295,000$295,000
71029Gilliam, LA 7102910.1 mi1$275,000$275,000$275,000
71107Shreveport, LA 7110712.9 mi113$32,380,715$234,900$286,555
71069Rodessa, LA 7106915.2 mi1$60,000$60,000$60,000
75555Bivins, TX 7555516.2 mi9$4,586,067$589,900$509,563
75657Jefferson, TX 7565719.2 mi60$21,050,400$280,000$350,840
71111Bossier City, LA 7111120.0 mi239$88,283,732$323,900$369,388
75692Waskom, TX 7569221.1 mi13$3,019,315$239,900$232,255
71101Shreveport, LA 7110121.7 mi28$3,409,196$115,000$121,757
71109Shreveport, LA 7110921.9 mi80$5,314,240$41,000$66,428
71108Shreveport, LA 7110824.1 mi108$7,065,144$50,000$65,418
71129Shreveport, LA 7112925.5 mi38$8,390,666$215,000$220,807

Frequently Asked Questions

How many homes are for sale in OIL CITY, LA 71061?

As of January 2026, there are 7 active listings in OIL CITY, LA (zip code 71061), compared to 4 the prior year.

What is the median home price in OIL CITY, LA 71061?

The median listing price in OIL CITY, LA 71061 is $334,500 as of January 2026, a 6.8% increase from $313,250 the prior year.

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

Homes in OIL CITY, LA 71061 spend an average of 156 days on the market before going under contract, compared to 139 days the prior year.

Is it a seller's or buyer's market in OIL CITY, LA 71061?

Based on current inventory and days-on-market data as of January 2026, OIL CITY, LA 71061 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 156 days on market compared to 139 days last year.

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

With SELL123.com's maximum 3% commission, sellers in OIL CITY, LA 71061 save an estimated $6,690 compared to a typical 5% commission on the median listing price of $334,500. 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.