Oil City, PA Home Values & Market Trends
Real estate market trends reflect that there have been 191 transactions over the past year in Oil City. The median value for residential home transactions that occurred over the previous year is $87,590.48. The number of current listings in Oil City is 15, and the percentage of properties for sale in the city is 15.00%. Oil City, PA currently has 11 properties in foreclosure, 4 bank owned properties, 7 properties headed for auction, and 15 properties for sale.
Oil City, PA Real Estate Market Overview
Zip | Median Est. Value |
---|---|
16301 | $ 121,479 $ 63/sqft |
Housing Market Summary for Oil City, PA
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $99,900 | $85,564.5 | -14.35% |
Median Sold Price | $70,000 | $85,564.5 | 22.23% |
Homes For Sale | 15 | 11 | -26.67% |
Homes Sold | 102 | 95 | -6.86% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Oil City, PA
Browse Homes in Oil City, PA
Oil City home values range from $9,810 to $947,254. The median estimated value of a home in Oil City is $87,590.48. The median list price of a home is 79,900, and the total count of properties in the city is 6,494.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Oil City, PA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Oil City, PA; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Oil City, PA ranges from the highest value of $130,426 in 16301 to the lowest value of $55,406 in 16301. Bank owned homes and properties account for 0.06% of properties in Oil City, PA. There is 1 zips within Oil City, PA; 16301 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions16301 has 7 auction properties, the highest number of properties going to auction in a single zip in the state of Oil City, PA. Auction homes and other auction properties account for 0.11% of all properties in Oil City, PA. There is 1 zips within Oil City, PA; of that zips, the median estimated home value for homes going to auction ranges from $194,995 in 16301 to the lowest value of $47,055 in 16301.
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More Real Estate Resources for Oil City, PA
Guide for Oil City, PA
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Pennsylvania Foreclosure Laws
Information on foreclosure financing, refinancing, and foreclosure mortgages.