All Home Types
Olean, NY Housing Market
What is the housing market like in Olean today?
In May 2025, Olean home prices were up 34.1% compared to last year, selling for a median price of $120K. On average, homes in Olean sell after 50 days on the market compared to 40 days last year. There were 12 homes sold in May this year, down from 14 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$120,000
+34.1% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Olean, NY
$120,000
+34.1%
United States
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Olean Migration & Relocation Trends
In Feb '25 - Apr '25, 32% of Olean homebuyers searched to move out of Olean, while 68% looked to stay within the metropolitan area.
- Across the nation, 0.25% of homebuyers searched to move into Olean from outside metros.
- Rochester homebuyers searched to move into Olean more than any other metro followed by New York and Dallas.
Where are people moving to Olean from?
- 68% of Olean homebuyers searched to stay within the Olean metropolitan area.
- Detroit was the most popular destination among Olean homebuyers followed by Cape Coral and Cleveland.
Where are people from Olean moving to?
Number of People Moving to Olean
least
most
People are moving to Olean from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Feb '25 - Apr '25 | ||
| 1 | 551 | ||
| 2 | 398 | ||
| 3 | 391 | ||
| 4 | 110 | ||
| 5 | 88 | ||
| 6 | 86 | ||
| 7 | 41 | ||
| 8 | 32 | ||
| 9 | 16 | ||
| 10 | 14 | ||
People are leaving Olean for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Feb '25 - Apr '25 | ||
| 1 | 67 | ||
| 2 | 66 | ||
| 3 | 57 | ||
| 4 | 53 | ||
| 5 | 51 | ||
| 6 | 41 | ||
| 7 | 39 | ||
| 8 | 35 | ||
| 9 | 34 | ||
| 10 | 34 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Olean.
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