House Prices

House Prices & Home Values Olean, NY 2026


Average Data

average house price$61,550
average size per house1382 ft²
average price per ft²45 $ / ft²

04/05/2026 - The value range (VR) for house prices in Olean, NY is $78/ sqft to $78/ sqft. An average home with 1382 sqft costs approximately $107,796 to $107,796. Olean, NY includes 1 ZIP codes and it is located in Cattaraugus county. The lowest prices are found in ZIP 14760, while the highest are in ZIP 14760. The average price per sqare feet is $45. Our analysis is based on 48 property listings.

Avergage prices by ZIP codes Olean

1476086 $ / ft²


House prices by neighborhoods in Olean

Boardmanville78 $ / ft²
Downtown Olean75 $ / ft²
East Olean77 $ / ft²
Knapp Creek78 $ / ft²
North Olean76 $ / ft²
North Union Street Historic District71 $ / ft²
Oak Hill Park Historic District86 $ / ft²
South Olean82 $ / ft²
Union and State Streets Historic District83 $ / ft²
West End85 $ / ft²
Weston Mills84 $ / ft²




Historical development of home values in Olean

Year Estimated value (USD) Change vs. 2025
2010 $28,585 -53.6%
2011 $27,480 -55.4%
2012 $27,406 -55.5%
2013 $28,430 -53.8%
2014 $29,844 -51.5%
2015 $31,375 -49.0%
2016 $33,013 -46.4%
2017 $34,794 -43.5%
2018 $36,718 -40.3%
2019 $38,421 -37.6%
2020 $40,407 -34.4%
2021 $45,958 -25.3%
2022 $53,577 -13.0%
2023 $56,500 -8.2%
2024 $59,768 -2.9%
2025 $61,550 0.0%

Graph: estimated home values in Olean over time (USD)



Example: 100% financing house in Olean

Loan amount: $61,550

Interest rate: 6.00%

Fixed monthly payment: $369.02

Breakdown in the 1st month:
Interest portion: $307.75  –  Principal portion: $61.27

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $3,672.44 $755.84 $60,794.16
2 $3,625.82 $802.46 $59,991.70
3 $3,576.33 $851.95 $59,139.75
4 $3,523.78 $904.50 $58,235.24
5 $3,467.99 $960.29 $57,274.96
6 $3,408.76 $1,019.52 $56,255.44
7 $3,345.88 $1,082.40 $55,173.04
8 $3,279.12 $1,149.16 $54,023.88
9 $3,208.24 $1,220.04 $52,803.85
10 $3,133.00 $1,295.28 $51,508.56
11 $3,053.11 $1,375.18 $50,133.39
12 $2,968.29 $1,459.99 $48,673.40
13 $2,878.24 $1,550.04 $47,123.35
14 $2,782.64 $1,645.65 $45,477.71
15 $2,681.14 $1,747.14 $43,730.56
16 $2,573.38 $1,854.91 $41,875.66
17 $2,458.97 $1,969.31 $39,906.35
18 $2,337.51 $2,090.77 $37,815.57
19 $2,208.55 $2,219.73 $35,595.84
20 $2,071.64 $2,356.64 $33,239.21
21 $1,926.29 $2,501.99 $30,737.22
22 $1,771.97 $2,656.31 $28,080.91
23 $1,608.14 $2,820.14 $25,260.77
24 $1,434.20 $2,994.08 $22,266.69
25 $1,249.53 $3,178.75 $19,087.94
26 $1,053.47 $3,374.81 $15,713.13
27 $845.32 $3,582.96 $12,130.17
28 $624.33 $3,803.95 $8,326.22
29 $389.71 $4,038.57 $4,287.66
30 $140.62 $4,287.66 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Olean, NY


1500 sqft3900 sqft
Ø selling price$81,675$173,745
Ø fast selling$74,250$156,371
Ø high price sale$89,100$191,120

In 2026, houses in Olean, NY will be offered at an average price of $45 per square foot. A 1,500 sqft home priced at $81,675 is 25.12% more expensive per square foot than a 3,900 sqft home priced at $173,745. Home prices in Olean, NY vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $120,286. Sellers who can wait longer may achieve a higher price of up to $147,015.


Discover Olean, NY

Overview

Olean, NY is a welcoming small city in Cattaraugus County along the Allegheny River in New York?s Southern Tier.
Known for a revitalized downtown on North Union Street, the community blends historic architecture with modern amenities.
Travelers appreciate easy access via I?86/Route 17 and NY?16, making Olean, New York a convenient base for exploring Western New York.

Things to Do

Outdoor recreation abounds, with hiking, biking, and paddling near the Allegheny River and the trails of Allegany State Park a short drive away.
Culture seekers enjoy events at Bradner Stadium and local galleries, plus Division I basketball energy from nearby St. Bonaventure University.
Family-friendly attractions include parks, seasonal festivals, and a vibrant farmers market showcasing the region?s harvest.
History buffs can explore Olean?s industrial heritage tied to manufacturers like Cutco and KA-BAR, influential brands with deep local roots.

Living, Dining, and Business

Dining ranges from classic diners to craft breweries and global restaurants, making downtown Olean, New York a tasty stop for road-trippers.
Businesses benefit from an educated workforce, affordable real estate, and proximity to Pennsylvania and the Buffalo?Niagara corridor.
Whether you?re planning a weekend getaway or considering relocation, Olean, NY offers small-city charm, outdoor adventure, and genuine upstate hospitality.



FAQ – Home Values in Olean

What is the median home value in Olean in 2026?

In 2026, the typical home value in Olean is about $61,550 for an average home size of 1382 square feet. This corresponds to an average price of roughly $45 per square foot.

What is the average cost per square foot in Olean?

In 2026, homes in Olean sell for an average of around $45 per square foot, with a typical range between $78 and $78 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Olean is about 1382 square feet, with an estimated 2026 value around $61,550.



Locations close to Olean, NY

Panama, NY78 $ / ft²
Portland, NY89 $ / ft²
Portville, NY87 $ / ft²
Mayville, NY83 $ / ft²
Maple Springs, NY84 $ / ft²
Little Valley, NY78 $ / ft²
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