Photo: Andre Carrotflower · CC BY-SA 4.0134 homes sold in Olean in the last year, at a typical $114K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Olean homes are listed.
Every place Olean homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Olean.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 79% of Olean’s sales, at a typical $135K
134 homes sold in the year to May 2026.
typical sale · 106 sold in 12 months
- Per square foot
- $86NY $316
- Days to sell
- 47
- Sold over asking
- 20%
- Listings with a price cut
- 32%
Multi-family (2–4 units): 25 sold, typical $90K
Townhouses: 3 sold, typical $103K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
134 sales in the last year, against 172 in 2021 and a low of 96 in 2012. The typical sale went from $54K in 2016 to $114K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Olean
Check a listing against what Olean homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Olean are more common than before the pandemic, but a third fewer homes come up for sale
We read every month of Olean’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 134 sales.
If you’re buying in Olean
- Shop in July. It brings about 19 new listings a month, close to the busiest month, with fewer bidding wars (20% over asking).
- You can negotiate. 30% of listings have cut their price, against 19% before the pandemic.
- Offer under asking. Buyers paid 94.6% of the list price on average; 21% paid over.
- You’ll usually have time. Only 33% of homes go under contract within two weeks; the typical one takes 43 days.
Summer brings the homes; fall brings the bidding wars
June has the most new listings (about 23 a month), but September is the most competitive: 27% of September sales close over asking. July and August offer nearly as much choice with fewer homes bid up (20%). March has the least competition (11%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than New York
| Olean now | 2017–19 | 2021 peak | NY now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 21% | 11% | 31% | 41% |
| Gone within two weeksShare of homes under contract within 14 days | 33% | 21% | 43% | 26% |
| Listings with a price cutShare of homes for sale that cut their price | 30% | 19% | 15% | 20% |
| Price paid vs. askingAverage sale price ÷ list price | 94.6% | 89.9% | 95.1% | 101% |
| Days to sellMedian days from listing to contract | 43 | 96 | 24 | 41 |
46 homes for sale on a typical day
That’s 1.5 times the 2024 low (31), 35% fewer than in 2017–19 and well under 2014’s 117.
1 in 3 listings has cut its price
30% in the last year, against 19% in 2017–19 and 20% across New York. More sellers are pricing high and coming down.
Olean ranks 345th of 362 busy New York markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Olean is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Olean home costs about $940 a month
Price: Olean’s typical sale, last 12 months. Property tax at Olean’s 3.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Olean is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 9.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $114K home, about $4,130 a year.
Taxes vs. neighborsSchools
The schools grade for Olean, from test results, graduation and how much students grow.
Schools in OleanCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Great Valley and Ellicottville for far more
The busier markets within 25 miles of Olean, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Olean | 134 | $114K | $71 | 21% | 43 |
| Bradford | 73 | $111K | $70 | 16% | 63 |
| Salamanca | 31 | $126K | $75 | 26% | 90 |
| Ellicottville | 28 | $466K | $276 | 7% | 121 |
| Great Valley | 24 | $278K | $200 | 12% | 72 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Olean, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Olean. People who follow the town see it, and so do people comparing Olean with their own town. No commission, no listing fee.
Questions about buying a home in Olean
What do homes sell for in Olean, NY?
134 homes sold in the year to May 2026 at a typical $114K, $71 a square foot.
Is Olean a buyer’s or seller’s market?
A buyer’s market: 52 homes were for sale in May 2026 and 8 sold, about 6.5 months of supply. Buyers paid 94.6% of asking on average, and 30% of listings cut their price.
When is the best time to buy in Olean?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Olean?
About 3.6% of a home’s value a year. On a $114K home that’s near $4,130.
Where can I see homes for sale in Olean?
Zillow, Redfin, Realtor.com and Homes.com all carry Olean’s MLS listings; the search links above open each one filtered to Olean.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).