Oil City, PA metro area Housing Market Brief
metro · PA · score computed October 2026
What is Oil City, PA metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Population band 2 of 5 (population 37,900–58,725) · comparable within its band
Where is Oil City, PA metro area in its market cycle?
Oil City, PA metro area is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Oil City, PA metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Oil City, PA metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $161K | ▲ +0.7% | Redfin |
| Median Days on Market | 65 days | ▼ -5.8% | Redfin |
| Months of Supply | 5.8 | ▲ +61.1% | Redfin |
| Homes for Sale | 168 | ▲ +7.7% | Redfin |
| Homes Sold | 29 | ▼ -32.6% | Redfin |
| Median Price / Sq Ft | $117 | ▲ +28.3% | Redfin |
How has Oil City, PA metro area’s Alpha Score moved?
Markets like Oil City, PA metro area
- Corning, NY metro area, NYmetro62
- Vernon, TX metro area, TXmetro63
- Great Bend, KS metro area, KSmetro60
- Snyder, TX metro area, TXmetro63
- Forrest City, AR metro area, ARmetro60
- Sterling, IL metro area, ILmetro61
- Bradford, PA metro area, PAmetro66
- Muncie, IN metro area, INmetro72
- Amsterdam, NY metro area, NYmetro61
- Dixon, IL metro area, ILmetro64
Frequently asked questions
Is Oil City, PA metro area a buyer's or seller's market?
In the scores computed October 2026, Oil City, PA metro area is classified as a Seller's Market, based on its Alpha Score of 70 out of 100. It is based on the 4 of five dimensions we can measure for this market — building, affordability, economic, and rental-yield — whose weights are scaled up to cover the whole score. The rest are not measured here and are left out rather than filled in with a placeholder.
Are home prices rising or falling in Oil City, PA metro area?
The median sale price in Oil City, PA metro area is $161K, having risen 0.7% over the past year, according to Redfin.
How affordable is Oil City, PA metro area?
Oil City, PA metro area scores 98 out of 100 on affordability — relatively affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Oil City, PA metro area's Alpha Score?
Oil City, PA metro area's strongest dimension is Affordability (98/100) and its weakest is Inventory Health (19/100). The Alpha Score is a weighted blend of five dimensions; 4 of them have data for this market.
Want the live, interactive view of Oil City, PA metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.