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/
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/
Most Popular
11 Kevin Circle
$534,900
Listed by: RE/MAX SELECT REALTY
Most Expensive
113 Maple Ave
$1,150,000
Listed by: COMPASS PENNSYLVANIA, LLC
Least Expensive
209 Orange Street
$24000
Listed by: HOWARD HANNA REAL ESTATE SERVICES
Oil City Listings Summary
Oil City - Town vs. County Stats
Avg Price in Oil City: $255,600 / County Avg $361,800
71%
Avg Taxes in Oil City: $3,900 / County Avg $3,500
112%
Avg Sq. Ft. in Oil City: 3,153 / County Avg 2,013
157%
Avg Price per/sqft in Oil City:$81 / County Avg $180
45%
Avg Year Built in Oil City: 1921 / County Avg 1949
99%
Avg Days on Website in Oil City: 87 / County Avg 120
73%
Oil City Real Estate Market Health
New Listings
Reductions
Foreclosures
Short Sales
| Areas in Oil City PA |
|---|
| Cornplanter Twp |
| Cranberry Twp - VEN |
| Oil City |
| Neighborhoods in Oil City PA |
|---|
| Colonial Village |
