Is Petrolia, PA 16050 a buyer’s or seller’s market?
Petrolia is a buyer’s market. With about 11.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Petrolia housing market right now
In the three months ending August 31, 2026, 0% of homes in Petrolia, PA 16050 sold above their list price, the typical home went under contract in 183 days and there were 11.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (33 days then) and the median sale price fell 58% to $206,910. Overall, Petrolia is less competitive than a year ago, which gives buyers more room.
Within Butler County, homes here sell more slowly than in 91% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Hilliards 16040 (75% sold over asking) and Karns City 16041 (60% sold over asking) are even more competitive.
Run the numbers for 16050
Nearby markets
Boyers 16020 — /sq ftButler 16001Seller’s market $156 /sq ftButler 16002Seller’s market $188 /sq ftCabot 16023Buyer’s market $263 /sq ft Browse all markets →Towns like Petrolia nearby
Find towns like Petrolia in other states →Where Petrolia is
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Questions about Petrolia real estate
Is Petrolia a buyer’s or seller’s market?
A buyer’s market: there were 11.2 months of supply in Petrolia, PA 16050 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Petrolia?
The typical home went under contract in 183 days in the latest three months.
Do homes in Petrolia sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Petrolia?
About 1.01% of a home’s value a year in Butler County, or roughly $4,040 on a $400,000 home.
What is the median home price in Petrolia?
The median sale price was $206,910 in the three months ending August 31, 2026, about $123 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology