Why Live in Oil City
Oil City, Louisiana, is a small community with a population of approximately 876, nestled by Caddo Lake. The town's history is deeply rooted in the early 1900s oil industry, which is showcased at the Louisiana State Oil and Gas Museum and through several oil pumps visible around the lake. Residents enjoy a slower pace of life with waterfront homes and ample opportunities for water recreation. The area features spacious yards and a mix of architectural styles, including farmhouses, ranch-style homes, mansions, and waterfront properties. Students attend Caddo Parish Public Schools, with Herndon Magnet School being highly rated for elementary and middle school levels. Earl G. Williamson Park on Caddo Lake offers fishing docks, boat ramps, a beach area, camping, and a playground, along with seasonal events like Christmas on Caddo. Local businesses include Dollar General for groceries, Oak Alley Farms for snacks, and dining options such as Ma and Pops, Meltdowns, and La Herradura. Oil City hosts unique events like an Easter bunny meeting, Earth Day clean-up, and national night out festivities. The town is about 28 miles from downtown Shreveport, accessible via Interstate 49 South, with nearby medical services at North Caddo Medical Center and travel options through Shreveport Regional Airport.
Home Trends in Oil City, LA
On average, homes in Oil City, LA sell after 84 days on the market compared to the national average of 51 days. The median sale price for homes in Oil City, LA over the last 12 months is $190,000, up 193% from the median home sale price over the previous 12 months.
Median Sale Price
$190,000
Median Single Family Sale Price
$319,950
Average Price Per Sq Ft
$150
Number of Homes for Sale
5
Last 12 months Home Sales
4
Median List Price
$415,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
193%