Oil City Real Estate

Oil City is a city in Venango County, Pennsylvania known for its prominence in the initial exploration and development of the petroleum industry. It is located at a bend in the Allegheny River at the mouth of Oil Creek.
Initial settlement of Oil City was sporadic, and tied to the iron industry. After the first oil wells were drilled in 1861, it became central to the petroleum industry while hosting headquarters for the Pennzoil, Quaker State, and Wolf's Head motor oil companies.
Tourism plays a prominent role in the region by promoting oil heritage sites, nature trails, and Victorian architecture. The population was 9,608 at the 2020 census, and it is the principal city of the Oil City, PA Micropolitan Statistical Area.

Information provided by https://en.wikipedia.org/
Listed by: REALTY ONE GROUP GOLD STANDARD
Listed by: HOWARD HANNA REAL ESTATE SERVICES
Listed by: REALTY ONE GROUP GOLD STANDARD

Oil City - Town vs. County Stats

Avg Price in Oil City: $51,500 / County Avg $245,000

21%

Avg Taxes in Oil City: $1,600 / County Avg $1,800

84%

Avg Sq. Ft. in Oil City: 1,629 / County Avg 1,662

98%

Avg Price per/sqft in Oil City:$32 / County Avg $147

21%

Avg Walkscore in Oil City: 36 / County Avg 31

116%

Avg Year Built in Oil City: 1916 / County Avg 1946

98%

Avg Days on Website in Oil City: 64 / County Avg 133

48%

Oil City Real Estate Market Health

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Areas in Oil City PA
Oil City