Why Live in Olsen
Olsen, a neighborhood in southwest Amarillo, features mid-20th-century homes and rolling hills, contrasting with the flat prairie typical of the region. The area includes ranch, cottage, and split-level homes, ranging from 1,000 to 3,000 square feet, on well-maintained lots with mature trees. Part of the highly rated Amarillo Independent School District, the neighborhood includes Olsen Park Elementary, Crockett Middle, and Amarillo High, known for its International Baccalaureate Program and strong fine arts and athletic programs. Olsen Park Elementary is adjacent to Olsen School Park, which offers a playground, walking path, and sports courts. The neighborhood also benefits from bike lanes on Olsen Boulevard and Harmony Street.
Located about 6 miles from downtown Amarillo and 12 miles from Rick Husband Amarillo International Airport, Olsen is surrounded by multiple shopping centers, including Westgate Mall, less than 3 miles away, featuring over 100 stores. Dining options include Blue Sky, known for its burgers and fries, and Tyler’s Barbeque, a top-rated spot in Texas Monthly. Despite its proximity to Interstate 40, which contributes to higher noise levels on the outskirts, the neighborhood maintains a vibrant community atmosphere with events like the annual Fourth of July Parade centered around Olsen Park Elementary.
Safety in Olsen is comparable to the national average, and the neighborhood is home to several places of worship, including Saint Paul Methodist and Temple B’nai Israel. While Amarillo's severe weather, such as extreme heat and high winds, is a consideration, Olsen does not face significant flood risks. The Northwest Texas Healthcare System, a notable teaching hospital, is located 3 miles north, providing essential medical services to the community.
Home Trends in Olsen, TX
On average, homes in Olsen, Amarillo sell after 24 days on the market compared to the national average of 51 days. The median sale price for homes in Olsen, Amarillo over the last 12 months is $230,000, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$230,000
Median Single Family Sale Price
$238,500
Median Townhouse Sale Price
$230,000
Average Price Per Sq Ft
$135
Number of Homes for Sale
16
Last 12 months Home Sales
59
Median List Price
$240,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
2%