Olean Local Guide
Housing, moving information and current homes for sale around Olean.
Explore Olean
MARKET INSIGHTS
Olean, NY Real Estate Market
The housing market around Olean can be difficult to summarize with one number because sales volume, property type and geography all affect the result. This page tracks the market using consistent local definitions rather than mixing statistics from unrelated websites — verified figures will appear here as soon as a reliable local data source is connected.
VERIFIED LOCAL DATA
Current Market Snapshot for Olean
Figures below reflect single-family residential activity in Olean from a verified local source, described fully in the methodology section.
Data through: August 31, 2026
Inventory snapshot: September 1, 2026
Property set: Single-family residential
Source: Local MLS data
CURRENT SNAPSHOT
Active Listings42
Pending / Under Contract35Current pending count (not newly-pending activity this period)
LAST 30 DAYS
New Listings (Last 30 Days)19
Closed Sales (Last 30 Days)9Based on 9 qualifying observations — read with caution.
TRAILING 12 MONTHS
Closed Sales (Trailing 12 Months)110
Median Sale Price$138,648
Median Days on Market20 days
Median Sale-to-List Price95.98%
Months of Inventory4.6 months
PRIOR 12-MONTH COMPARISON
Closed Sales (Prior 12 Months)126
Median Sale Price (Prior 12 Months)$117,240
Closed Sales, Year-over-Year-12.7%
Median Sale Price, Year-over-Year+18.3%
Median Days on Market, Year-over-Year+2.6%
Sale-to-List, Year-over-Year-1.24 points
Trailing 12 months vs. Prior trailing 12 months · Single-family residential only
MARKET TRENDS
How has Olean been trending?
The charts below cover the most recent 36 months of verified single-family activity. Each one uses the same underlying figures shown in the tables above, and nothing here is estimated or smoothed beyond what is noted on the price chart.
Median Sale Price Trend
3-month rolling median sale price, single-family residential
This is the 3-month rolling median for a group of closed sales, not an appreciation percentage and not a valuation of any individual property.
| Month | Value |
|---|---|
| Sep 23 | $87,140 |
| Oct 23 | $100,000 |
| Nov 23 | $103,500 |
| Dec 23 | $103,500 |
| Jan 24 | $97,500 |
| Feb 24 | $90,250 |
| Mar 24 | $81,500 |
| Apr 24 | $90,000 |
| May 24 | $97,585 |
| Jun 24 | $116,000 |
| Jul 24 | $98,750 |
| Aug 24 | $115,500 |
| Sep 24 | $117,360 |
| Oct 24 | $124,450 |
| Nov 24 | $121,500 |
| Dec 24 | $107,000 |
| Jan 25 | $99,250 |
| Feb 25 | $102,750 |
| Mar 25 | $112,650 |
| Apr 25 | $119,740 |
| May 25 | $138,000 |
| Jun 25 | $110,000 |
| Jul 25 | $125,000 |
| Aug 25 | $131,000 |
| Sep 25 | $149,200 |
| Oct 25 | $137,500 |
| Nov 25 | $144,000 |
| Dec 25 | $128,100 |
| Jan 26 | $132,500 |
| Feb 26 | $126,725 |
| Mar 26 | $118,450 |
| Apr 26 | $127,500 |
| May 26 | $143,000 |
| Jun 26 | $160,000 |
| Jul 26 | $145,900 |
| Aug 26 | $134,148 |
Closed Sales by Month
Single-family residential closed sales, per calendar month
| Month | Value |
|---|---|
| Sep 23 | 18 closed sales |
| Oct 23 | 13 closed sales |
| Nov 23 | 11 closed sales |
| Dec 23 | 8 closed sales |
| Jan 24 | 7 closed sales |
| Feb 24 | 11 closed sales |
| Mar 24 | 13 closed sales |
| Apr 24 | 4 closed sales |
| May 24 | 13 closed sales |
| Jun 24 | 9 closed sales |
| Jul 24 | 12 closed sales |
| Aug 24 | 13 closed sales |
| Sep 24 | 11 closed sales |
| Oct 24 | 10 closed sales |
| Nov 24 | 11 closed sales |
| Dec 24 | 10 closed sales |
| Jan 25 | 9 closed sales |
| Feb 25 | 13 closed sales |
| Mar 25 | 12 closed sales |
| Apr 25 | 9 closed sales |
| May 25 | 10 closed sales |
| Jun 25 | 8 closed sales |
| Jul 25 | 9 closed sales |
| Aug 25 | 14 closed sales |
| Sep 25 | 13 closed sales |
| Oct 25 | 9 closed sales |
| Nov 25 | 9 closed sales |
| Dec 25 | 11 closed sales |
| Jan 26 | 8 closed sales |
| Feb 26 | 7 closed sales |
| Mar 26 | 8 closed sales |
| Apr 26 | 5 closed sales |
| May 26 | 8 closed sales |
| Jun 26 | 6 closed sales |
| Jul 26 | 17 closed sales |
| Aug 26 | 9 closed sales |
Median Days on Market
Single-family residential, by month of closing
Open, dashed markers show months with too few closed sales (1-4) for a reliable median. They are plotted for completeness but excluded from the trend line and should not be read as equally reliable to a normal-sample month.
| Month | Value |
|---|---|
| Sep 23 | 17.5 days |
| Oct 23 | 8 days |
| Nov 23 | 31 days |
| Dec 23 | 62.5 days |
| Jan 24 | 31 days |
| Feb 24 | 46 days |
| Mar 24 | 15 days |
| Apr 24 | 30.5 days (low sample, read with caution) |
| May 24 | 14 days |
| Jun 24 | 8 days |
| Jul 24 | 24 days |
| Aug 24 | 25 days |
| Sep 24 | 19 days |
| Oct 24 | 14 days |
| Nov 24 | 24 days |
| Dec 24 | 10.5 days |
| Jan 25 | 10 days |
| Feb 25 | 25 days |
| Mar 25 | 30.5 days |
| Apr 25 | 56 days |
| May 25 | 88 days |
| Jun 25 | 8.5 days |
| Jul 25 | 7 days |
| Aug 25 | 8.5 days |
| Sep 25 | 13 days |
| Oct 25 | 30 days |
| Nov 25 | 59 days |
| Dec 25 | 16 days |
| Jan 26 | 25.5 days |
| Feb 26 | 86 days |
| Mar 26 | 97.5 days |
| Apr 26 | 47 days |
| May 26 | 21.5 days |
| Jun 26 | 98.5 days |
| Jul 26 | 13 days |
| Aug 26 | 9 days |
What the numbers show
Median sale price was 18.3% higher than the prior 12-month period, while the number of closed sales was 12.7% lower.
Median days on market was essentially unchanged from the prior 12-month period.
The typical sale-to-list price ratio decreased by 1.24 percentage points compared with the prior 12 months.
BRAD'S READ
Recent Olean sales show a higher median sale price than the prior 12-month period, even as fewer single-family homes closed. Marketing time remained close to the prior year. That combination is useful context, but it does not mean every Olean property increased in value by the same amount. Condition, location, price range, lot size, and property type can produce very different results.
What is happening in the Olean real-estate market?
The figures above reflect the most recently verified single-family residential activity for Olean. Review the methodology section below for exactly what is and is not included.
What is the current housing inventory in Olean?
Inventory — active listings compared with recent sales — is one of the clearest signals of how much competition exists in a market.
More inventory relative to sales generally gives buyers leverage and time to decide. Less inventory relative to sales generally moves faster and rewards a well-priced, well-presented property.
As of the most recent snapshot, Olean has 42 active single-family listings, or about 4.6 months of supply at the current pace of sales.
What is the median home sale price in Olean?
Median sale price is a useful summary, but it describes a group of recently sold properties, not any individual home.
Property mix, condition, location within Olean and financing conditions can all move a median without reflecting a change in what a specific property is worth.
The median single-family sale price in Olean over the trailing 12 months was $138,648, based on 110 qualifying closed sales.
How long are homes taking to sell in Olean?
Median days on market measures how long qualifying listings typically take to go under contract, using the source MLS's own days-on-market field rather than a closing-date-minus-listing-date estimate.
A shorter figure generally points to more buyer competition for well-priced, well-presented homes. A longer figure generally gives buyers more room to negotiate.
Over the trailing 12 months, qualifying single-family listings in Olean spent a median of 20 days on the market before going under contract.
What should buyers watch?
Buyers should pay attention to the amount of competing inventory, how quickly appropriately priced properties are going under contract and whether the property type they want has enough recent sales to establish a useful comparison.
A market can look balanced overall while a specific price range or property type behaves very differently.
What should sellers watch?
Sellers should separate property value from market liquidity.
A home may have supportable value based on comparable sales and improvements while still appealing to a relatively small number of buyers.
Inventory, recent competition, showing activity and buyer response all help explain how easily the market may absorb a particular property.
METHODOLOGY
How this report is built
- How these figures are calculated
- Statistics are calculated from local MLS records for single-family residential properties using consistent status, date, and geography definitions. Market statistics describe groups of transactions and should not be interpreted as a valuation of an individual property.
- Market geography
- This report reflects the City of Olean specifically (MLS Town/City = Olean-City), not the broader Greater Olean search area used elsewhere on this site. The Greater Olean Community Guide and IDX search cover a wider area than the city limits. Because these figures are calculated at the city level only, they should not be read as describing that larger Greater Olean area.
- Property types included
- Headline metrics reflect single-family residential sales and listings only. Land, commercial, multi-family, condo, manufactured and other property classes are not mixed into these figures.
- Data source
- Local MLS data
- Data through
- August 31, 2026
- Inventory snapshot
- September 1, 2026
- Closed sales
- Counted by closing date within the reporting period.
- Median methodology
- Qualifying values are sorted; the middle observation is used for an odd count, and the average of the two middle observations is used for an even count.
- Days-on-market source
- Read directly from the source MLS's days-on-market field, not calculated as closing date minus listing date.
- Months of inventory
- Active listings at period end, divided by trailing-12-month closed sales ÷ 12.
- Pending sales
- Reported as newly-pending activity when reliable status-change history exists, and labeled "Current Pending" (a point-in-time count) when it does not.
- Revision policy
- This page is a permanent, updatable report, not a dated snapshot — figures are revised in place as newer verified data becomes available, rather than publishing a new URL each month.
- Small samples
- Fewer than 10 qualifying observations are shown with an explicit caution; fewer than 5 are shown as-is without a percent-change narrative; zero qualifying sales or listings are stated as zero, never left blank or shown as a $0 price.
Market statistics describe groups of properties and do not establish the value of an individual home. Property condition, location, improvements, land, features and the available buyer pool can all affect an individual property's market position. This report is not an appraisal.
RELATED GUIDES
Keep Researching
Buying a Home in Olean
Brad's step-by-step buyer process for the Olean area.
Read the buyer guideSelling a Home in Olean
Pricing, marketing and what to expect when selling in Olean.
Read the seller guideOlean Housing Styles
What kinds of homes buyers actually find around Olean.
See housing stylesHomes With Acreage Near Olean
Where buyers wanting land typically expand their search.
Read the acreage guideSearch Homes
Open the live property search for the Olean area.
Search HomesREADY TO LOOK AT ACTUAL PROPERTIES?
See what's available in Olean right now
Market reports describe groups of properties, not any single home. If you're buying, start with current listings. If you're selling, Brad can walk through what these numbers may mean for your specific property.
Market statistics describe groups of transactions. A property's likely value and marketability depend on its individual characteristics and current competition. This page is not a comparative market analysis of any single home.