71061 Home Values & Market Trends
There are 11 homes currently listed for 71061. 71061 real estate market trends show that home prices range from $29,000 to $700,000, and the median sales price in the 71061 zip code is $147,000. The total number of properties sold within the past twelve months is 21. In 71061, 2 properties are in foreclosure, 1 are bank owned properties,and 1 are headed for auction.
Housing Market Summary for 71061
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $215K | $136K | -36.74% |
| Median Sold Price | $78,001 | $153.3K | 96.51% |
| Homes For Sale | 13 | 11 | -15.38% |
| Homes Sold | 7 | 10 | 42.86% |
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 71061
Browse Homes in 71061
The median list price of a home in Oil City, is $147,000. A total of 11 properties are for sale, and the percentage of properties for sale in the zip code is 11.00%. The total count of 71061 properties is 25.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 71061 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 71061; of that cities, 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 71061 ranges from the highest value of $44,900 in oil city to the lowest value of $44,900 in oil city. Bank owned homes and properties account for 4.00% of properties in 71061. There is 1 cities within 71061; oil city containing 1 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsoil city has 1 auction properties, the highest number of properties going to auction in a single city in the state of 71061. Auction homes and other auction properties account for 4.00% of all properties in 71061. There is 1 cities within 71061; of that cities, the median estimated home value for homes going to auction ranges from $112,795 in oil city to the lowest value of $112,795 in oil city.
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Guide for 71061
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.