Are home prices going up or down in Olean, NY?
In Olean, NY, the typical home sold for $170,000 during May 2026. That is 11% lower than the same stretch a year ago, so prices are down.
Over the last 36 months the typical sale price in Olean, NY went from $150,000 to $170,000 — up 13%.
The high point was $216,600, reached in April 2024. Today's typical sale is 22% below that.
Measured by size, homes in Olean, NY are selling for about $115 per square foot. Price per square foot is the fairer comparison when the mix of what sells shifts from month to month — a run of big houses can push the typical price up without anything actually getting more expensive.
Source: Redfin's published market data for the Olean, NY area, through May 2026.
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More about the Olean, NY market
- When is the best month to sell a house in Olean, NY?
- How long does it take to sell a house in Olean, NY?
- Do homes sell above asking price in Olean, NY?
- Is Olean, NY a buyer's market or a seller's market?
- How many homes are for sale in Olean, NY?
- All Olean, NY housing numbers
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Figures come from Redfin's published market data for the Olean, NY area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.