Housing · Olean
Olean, NY housing market
Homes typically sell in 20 days, below asking.
Home values, sales, trends and how Olean compares with the towns next door — updated as new data is published.
The market right now
Olean at a glance
Median sale price
$131K
May 2026 · Redfin
Days on market
20
New York: 42 days
Sale-to-list
95.7%
Homes sell below asking
Homes sold
8
in May · 52 for sale
Market temperature
A buyer's market
Buyer's marketBalancedSeller's market
More homes are for sale than are selling — about 7 months of supply. Buyers have room to negotiate.
Affordability
1.7 years of income
The typical Olean home costs about 1.7 years of the town's median household income, less than across New York (6.1 years).
How Olean ranks on affordability →
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
55.1%
New York: 54.3%
Median tax bill
$3,130
New York: $6,582
Median rent
$794
New York: $1,621
Typical home built
1938
New York: 1959
U.S. Census Bureau, ACS 2020-2024.
On the market
Recent listings in Olean
Listed in the past 60 days. Each opens on the listing site.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.