House Prices

House Prices & Home Values Oil City, PA 2026


Average Data

average house price$147,741
average size per house1818 ft²
average price per ft²82 $ / ft²

06/01/2026 - The value range (VR) for house prices in Oil City, PA is $87/ sqft to $87/ sqft. An average home with 1818 sqft costs approximately $158,166 to $158,166. Oil City, PA includes 1 ZIP codes and it is located in Venango county. The lowest prices are found in ZIP 16301, while the highest are in ZIP 16301. The average price per sqare feet is $82. Our analysis is based on 109 property listings.

Avergage prices by ZIP codes Oil City

1630190 $ / ft²




Historical development of home values in Oil City

Year Estimated value (USD) Change vs. 2025
2010 $68,614 -53.6%
2011 $65,960 -55.4%
2012 $65,783 -55.5%
2013 $68,241 -53.8%
2014 $71,635 -51.5%
2015 $75,311 -49.0%
2016 $79,242 -46.4%
2017 $83,519 -43.5%
2018 $88,136 -40.3%
2019 $92,223 -37.6%
2020 $96,990 -34.4%
2021 $110,316 -25.3%
2022 $128,603 -13.0%
2023 $135,618 -8.2%
2024 $143,464 -2.9%
2025 $147,741 0.0%

Graph: estimated home values in Oil City over time (USD)



Example: 100% financing house in Oil City

Loan amount: $147,741

Interest rate: 6.00%

Fixed monthly payment: $885.78

Breakdown in the 1st month:
Interest portion: $738.71  â€“  Principal portion: $147.08

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $8,815.11 $1,814.28 $145,926.72
2 $8,703.21 $1,926.18 $144,000.55
3 $8,584.40 $2,044.98 $141,955.57
4 $8,458.27 $2,171.11 $139,784.46
5 $8,324.36 $2,305.02 $137,479.44
6 $8,182.20 $2,447.19 $135,032.25
7 $8,031.26 $2,598.12 $132,434.13
8 $7,871.01 $2,758.37 $129,675.75
9 $7,700.88 $2,928.50 $126,747.25
10 $7,520.26 $3,109.13 $123,638.13
11 $7,328.49 $3,300.89 $120,337.24
12 $7,124.90 $3,504.48 $116,832.76
13 $6,908.75 $3,720.63 $113,112.13
14 $6,679.27 $3,950.11 $109,162.02
15 $6,435.64 $4,193.74 $104,968.27
16 $6,176.98 $4,452.40 $100,515.87
17 $5,902.36 $4,727.02 $95,788.85
18 $5,610.81 $5,018.57 $90,770.28
19 $5,301.28 $5,328.11 $85,442.17
20 $4,972.65 $5,656.73 $79,785.44
21 $4,623.76 $6,005.63 $73,779.81
22 $4,253.34 $6,376.04 $67,403.77
23 $3,860.08 $6,769.30 $60,634.47
24 $3,442.57 $7,186.82 $53,447.65
25 $2,999.30 $7,630.08 $45,817.57
26 $2,528.69 $8,100.69 $37,716.88
27 $2,029.06 $8,600.32 $29,116.55
28 $1,498.61 $9,130.77 $19,985.78
29 $935.44 $9,693.94 $10,291.84
30 $337.54 $10,291.84 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Oil City, PA


1500 sqft3900 sqft
Ø selling price$148,830$316,602
Ø fast selling$135,300$284,942
Ø high price sale$162,360$348,263

In 2026, houses in Oil City, PA will be offered at an average price of $82 per square foot. A 1,500 sqft home priced at $148,830 is 23.53% more expensive per square foot than a 3,900 sqft home priced at $316,602. Home prices in Oil City, PA vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $219,187. Sellers who can wait longer may achieve a higher price of up to $267,895.


Discover Oil City, PA

Located along the Allegheny River, Oil City, PA is a historic gateway to Pennsylvania?s energy legacy.
The city grew from the 1859 oil boom near Titusville and remains proud of its petroleum heritage. Visitors can explore the Venango Museum and learn how innovation in Oil City helped power modern industry.

History and Culture

Downtown showcases preserved Victorian architecture, art galleries, and murals that celebrate the region?s story.
Annual events like the Oil Heritage Festival fill the streets with music, vendors, and family activities. A supportive arts community and affordable studio space attract creators and entrepreneurs to Venango County.

Outdoor Activities and Lifestyle

Outdoor lovers enjoy hiking and biking the Samuel Justus Trail, kayaking the river, and birding along scenic overlooks.
Proximity to Oil Creek State Park offers historic oil sites, scenic valley vistas, and four-season recreation minutes from town. Local businesses, from cozy cafés to innovative manufacturers, anchor a revitalizing economy with small-town charm. With reasonable housing, a walkable core, and easy access to Route 8 and I-80, Oil City, Pennsylvania makes a compelling place to visit, live, and invest.



FAQ – Home Values in Oil City

What is the median home value in Oil City in 2026?

In 2026, the typical home value in Oil City is about $147,741 for an average home size of 1818 square feet. This corresponds to an average price of roughly $82 per square foot.

What is the average cost per square foot in Oil City?

In 2026, homes in Oil City sell for an average of around $82 per square foot, with a typical range between $87 and $87 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Oil City is about 1818 square feet, with an estimated 2026 value around $147,741.



Locations close to Oil City, PA

Carlton, PA92 $ / ft²
Chandlers Valley, PA90 $ / ft²
Clarendon, PA106 $ / ft²
Yatesboro, PA132 $ / ft²
Worthington, PA147 $ / ft²
Vowinckel, PA137 $ / ft²
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