Housing in Olean, NY
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$118,450
Median List Price
$199,900
Price Per Sq Ft
$89
Days on Market
36
Active Inventory
39
Months of Supply
4.3
Balanced market
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
44.4%
Off Market in 2 Weeks
20.0%
Sale-to-List Ratio
102.9%
Seller's market
Market Activity
Source: RedfinHomes Sold
9
New Listings
9
Pending Sales
10
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$89
Median List $/SF
$120
Olean vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Olean is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$90,500
Median Rent
$786
Total Housing Units
6,912
Vacancy Rate
10.1%
Owner Occupied
54.3%
Renter Occupied
45.7%
Median Property Tax
$3,180
per year
Monthly Cost (w/ Mortgage)
$775
Housing Types
The current median sale price in Olean, NY is $118,450 according to Redfin data. Homes spend a median of 36 days on the market. 44.4% of homes sold above asking price. The market has 4.3 months of supply. The median price per square foot is $89. The median rent is $786 per month (Census ACS). About 54.3% of housing units are owner-occupied. The median year homes were built is 1938. There are 6,912 total housing units.