Property prices for sale in Oil City (Pennsylvania)
The prices in real estate in Oil City, in the Pennsylvania region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Oil City has remained the same in the last 6 months. In October, the average price per sq.feet was $94. In November this price pretty much remained the same at a value of $90 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $92 to $90.5 per sq.feet. The price per sq.feet has increased 110 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $91.25 to $100 during February, and March.
Based upon to the price in Oil City (cities), these have remained the same in the last 6 months. The average price for October is $144,478. During November the price had a slight fall till $132,239. During the following two months (December, January) the average price fell 92 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $162,189 they are 47 % more affordable than the average price for Oil City. The properties with the lowest average price have 1 bedroom, Their price is 26 % cheaper than the average. After that we have properties with 3 bedrooms priced at $116,126.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $45 / sq.feet, with an average $100 / sq.feet price in Oil City. The properties with the highest average prices have 1 bedroom. They are 94 % more expensive than the average followed by properties with 3 bedrooms with a price at $83 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $162,189 it is 25 % cheaper than the average price in Oil City. "Detached House" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "Detached House". At a price of $140,290 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $74 / sq.feet followed by "House" priced at $81 / sq.feet. "Land" is the most costly type of property with a $16,751 / sq.feet cost followed by "House" with an average price of $81 / sq.feet.
