Oil Springs, Ontario, Canada
As of August 12, 2026, the median asking price in Oil Springs is $299,900, across 5 active MLS® listings.
Those listings have been on the market an average of 55 days.
2 new listings came to market in Oil Springs in the last 30 days.
Detached homes in Oil Springs are listed at an average of $394,960 across 5 active listings.
Oil Springs is a very small rural hamlet in Lambton County best known for the Oil Museum of Canada and its history as one of North America’s earliest commercial oil fields. The neighbourhood character is quiet and country-oriented with mostly detached homes on larger lots, some farm properties, and a limited local commercial strip; residents typically rely on nearby communities like Petrolia and Wyoming for groceries, healthcare, restaurants, and most daily services. Demographics skew toward families and long-time residents, with a notable share of homeowners and a smaller, stable rental population.
Amenities are centered on parks, trails, and heritage tourism, with community events tied to the museum and surrounding countryside. Schooling is generally accessed via nearby Petrolia/Wyoming (Lambton Kent District School Board and St. Clair Catholic), and commuting is primarily car-dependent; there is no meaningful local transit, with regional access via county roads to Highway 402 for connections to Sarnia and London. Real estate market trends are typically less volatile than larger Ontario centres: sales volumes are thin, pricing is driven by property condition/lot size and buyers seeking affordability and space, and rentals are constrained by limited supply—supporting steady rents but with longer leasing times and less liquidity on resale.
Oil Springs’ Oil Springs neighbourhood is showing a small, steady resale market with 4 active listings and a median asking price of $372,450. Homes are taking an average of 74 days to sell and only 1 new listing has arrived in the past 30 days, suggesting limited turnover—buyers may have time to negotiate, while investors should expect slower absorption and plan for longer holding periods.
The median asking price in Oil Springs is $299,900, across 5 active MLS® listings as of August 12, 2026. The average asking price is $394,960. These are list prices on homes currently for sale, not sale prices.
There are 5 active MLS® listings in Oil Springs as of August 12, 2026. 2 of them came to market in the last 30 days.
Homes currently listed in Oil Springs have been on the market an average of 55 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.