Olean, NY Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Olean, NY is $90,000, down 22.2% year-over-year. Homes sell in an average of 103 days with 39 active listings. The market is currently a leaning buyer's.
$90,000median sale price
Homes sold
13
Last 12 weeks
Days on market
103
Average pace
Active listings
39
3.0 months supply
Sale-to-list
87.7%
Below asking
Olean, NY market data
| Metric | Value |
|---|---|
| Median sale price | $90,000 |
| Median list price | $169,900 |
| Year-over-year price change | -22.2% |
| Average days on market | 103 days |
| Active inventory | 39 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 87.7% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The Olean housing market is currently classified as a leaning buyer's with a median sale price of $90,000. Prices have fallen 22.2% compared to last year, with homes spending an average of 103 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Olean
There are currently 39 homes listed for sale in Olean, New York. The median listing price is $170K.
Active listings
39
Homes on market
Median list price
$170K
Avg. days on market
103
Days until sale
New this week
9
Newly listed
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Frequently asked questions
What is the average home price in Olean?
The median home sale price in Olean is $90,000, down 22.2% from last year.
How long do homes stay on market in Olean?
Homes typically spend 103 days on market before going under contract.
Is Olean a buyer's or seller's market?
With 3.0 months of supply, Olean is currently a leaning buyer's.
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