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OIL CITY, PA 16301

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

Market Analysis

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

The OIL CITY, PA real estate market (16301) currently shows 43 active listings, with 11 pending sales. Homes are averaging 132 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 132 days on market compared to 110 days last year.

The median listing price has risen 22.3% year-over-year, from $95,000 to $116,225.

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
43
⇩ 10.4% vs 48 last year
Pending
11
26% pending ratio
Median Price
$116,225
⇧ 22.3% vs $95,000 last year
Average Price
$148,299
⇧ 11.4% vs $133,128 last year
Days on Market
132
⇧ 20% vs 110 days last year

Price Per Square Foot

Median $/sqft
$69
⇩ 9.2% vs $76/sqft last year
Median Home Size
1,512 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 43 this year vs 48 last year
  • Days on market: 132 now vs 110 last year

Median & Average Pricing

Year over Year
  • Median: $116,225 (+22.3% YoY)
  • Average: $148,299 (+11.4% 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 — 146 listings ($39,415,663 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
16301Oil City, PA 163010.0 mi48$7,151,664$114,500$148,993
16346Seneca, PA 163465.5 mi5$1,178,625$229,000$235,725
16319Cranberry, PA 163199.3 mi4$925,332$214,000$231,333
16323Franklin, PA 163239.8 mi44$9,617,344$149,900$218,576
16317Cooperstown, PA 1631711.8 mi4$481,700$123,450$120,425
16326Fryburg, PA 1632612.8 mi5$837,700$159,000$167,540
16334Marble, PA 1633415.1 mi2$1,120,000$560,000$560,000
16362Utica, PA 1636216.2 mi6$8,914,998$275,000$1,485,833
16254Shippenville, PA 1625416.7 mi11$4,025,340$340,000$365,940
16322Endeavor, PA 1632217.2 mi1$82,900$82,900$82,900
16373Emlenton, PA 1637317.3 mi12$4,012,560$182,450$334,380
16235Lucinda, PA 1623518.3 mi1$205,000$205,000$205,000
16404Centerville, PA 1640419.9 mi3$862,500$287,500$287,500

Frequently Asked Questions

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

As of February 2026, there are 43 active listings in OIL CITY, PA (zip code 16301), compared to 48 the prior year.

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

The median listing price in OIL CITY, PA 16301 is $116,225 as of February 2026, a 22.3% increase from $95,000 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 132 days on the market before going under contract, compared to 110 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 February 2026, OIL CITY, PA 16301 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 132 days on market compared to 110 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 $2,325 compared to a typical 5% commission on the median listing price of $116,225. 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.