Comprehensive market data and analysis• Updated Dec 2025
15.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 1 | 1 | 3 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 1 | 1 | 4 |
Acreage buckets
The median price for land in Oil City, Pennsylvania is currently $8K per acre. For a typical parcel, the median sale price is $3K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $600 while premium lots reached $55K.
Oil City, Pennsylvania is currently a strong buyer's market with 15.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Oil City, Pennsylvania currently has 15.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Over the past 12 months, Oil City, Pennsylvania saw 4 properties sold, totaling $83K in sales volume. In just the last 3 months, 1 properties changed hands.
The median land price in Oil City, Pennsylvania stands at $3K. This translates to roughly $8K per acre for the typical parcel size. The average price is $21K, indicating some higher-priced properties pulling up the average.
The current absorption rate in Oil City, Pennsylvania is 6.7% (3-month basis), indicating slow demand.
Land in Oil City, Pennsylvania typically sells within 269 days of listing. The median time on market is 269 days. Properties are moving slowly in the current strong buyer's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.