Market Intelligence Report — PA-340

Oil City, PA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-PA-08
As of the latest 2026 data
Cooling

Median Listing

$188K
+5.5% YoY

Pending Ratio

0.47
-7.4% YoY

Active Inventory

128
+10.3% YoY

Median DOM

52 Days
+7.2% YoY

Primary Intelligence Tool — Sold Score™

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The Oil City market exhibits cooling dynamics, with the pending ratio at 0.47, indicating moderating demand absorption relative to inventory. Active listings have expanded by 10.3% over the past year, contributing to an environment of increased supply.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Oil City market right now.

Active listings have increased by 10.3% year-over-year, alongside a 7.7% rise in new listings, contributing to greater overall supply. Concurrently, the pending ratio declined by 7.4% year-over-year to 0.47, reflecting a softer demand environment. Median listing prices have continued to appreciate, rising 5.5% over the past year, although the pace of absorption has slowed.

Historical Analysis

Market Trends

Median Price

$188K+6.7% MoM

Active Inventory

128+10.3% YoY

Days on Market

52+7.2% YoY

Sold Score™

62-7.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

62
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With an expanding inventory of available properties and a moderating pending ratio, the market indicates a shift toward more measured transaction paces. The increased supply allows for more deliberate assessment by prospective buyers, potentially introducing greater price discipline into negotiations compared to earlier periods of stronger demand absorption.

Luxury Segment

Elevated average listing price growth of 14.4% year-over-year, compared to a 5.5% rise in the median listing price, suggests potentially varying dynamics within the higher price tiers. The larger spread between average and median pricing may indicate some stratification in demand across different price points.

Supply Dynamics

128 active listings represent the current floor, with new supply arriving at roughly 56 per month.

Pricing Pressure
14.9%

of active listings carry a price reduction, -6.2% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +9.3% year-over-year.

Absorption
0.47

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Oil City, PA? Homes here are taking 4 days longer to sell than last year.

Oil City, PA is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
47%
Median Days on Market
52 days
Inventory YoY
+10%

Oil City, PA is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
Oil City, PA
CBSA Code
36340
State
PA

ZIPs in Oil City, PA

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Oil City?+

    As of the latest 2026 data, the Oil City metro is classified as Cooling. Pending ratio is 0.47 with median days on market at 52.

  • Are home prices dropping in Oil City?+

    Median listing price is $188K, +5.5% year over year. 14.9% of active listings carry a price reduction.

  • How fast are homes selling in Oil City?+

    The typical listing sits 52 days on market, a +7.2% change YoY. New listings are arriving at 56 per month.

  • What's happening in the Oil City luxury market?+

    Elevated average listing price growth of 14.4% year-over-year, compared to a 5.5% rise in the median listing price, suggests potentially varying dynamics within the higher price tiers. The larger spread between average and median pricing may indicate some stratification in demand across different price points.

  • Where can I find a trusted Oil City real estate expert?+

    Primpted maintains a vetted registry of Oil City agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 36340 · 36mo history