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New Construction Homes in Olean, NY

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  • /7

    $15,000 Lot/Land

    1815 W Fall Rd, Olean, NY 14760

    • 32,060 Sq Ft
    • $20,380 per Acre

    This 0.73-acre parcel is located in a quiet residential area and features a mostly wooded landscape, offering natural privacy and a peaceful setting. A great opportunity for a variety of potential uses, this property provides a blank canvas for your ideas. Whether you're looking for land to hold, explore, or shape into something of your own, this lot offers flexibility and potential in a

    Agent Photo

    Regis Handley

    Listing by Howard Hanna Professionals - Olean

    (585) 946-8648

    1815 W Fall Rd, Olean, NY 14760
  • /38

    $114,900 Lot/Land

    0 McCann Hollow Rd, Olean, NY 14760

    • 42.5 Acres
    • $2,704 per Acre

    This 42.5 acre property consists of hunting and recreational land with a building site for your new home or cabin located in Olean NY, Cattaraugus County.The land is mostly wooded with a mixture of both hardwoods and pine trees.  There is an open, level clearing approximately 500 feet from the road that could be a great location to build your home, cabin or even park a couple of campers. 

    Travis Thurston NY Land Quest

    0 McCann Hollow Rd, Olean, NY 14760
  • /25

    $185,000 Lot/Land

    2741 Smith Hollow Rd, Olean, NY 14760

    • 43.2 Acres
    • $4,282 per Acre

    This stunning property is a rare gem. An enchanted retreat with 42 acres of old hardwood forest untouched for many decades. The property has four bio-diverse and formally stocked ponds with a well-built seasonal cabin overlooking the largest pond. The largest pond is large enough for exploring with a small paddle boat. Other features include a deep drilled well and pump house, electrical service,

    Andrew Hehl Listing by Howard Hanna WNY Inc.

    2741 Smith Hollow Rd, Olean, NY 14760
  • /20

    $150,000 Lot/Land

    0 Steam Valley Rd Unit R1658301, Olean, NY 14760

    • 43.35 Acres
    • $3,460 per Acre

    The property is a mix of former open pasture land (5-8 acres) with the balance in various stages of wooded property and brushy areas. Along the road front is a 10-stall horse barn with electric. The sellers formerly had horses here and with a little maintenance on the fields they could flourish here again. The forested property is a mix of younger transition areas and some older hardwoods. There

    Brian Bullard Listing by Timberland Realty

    0 Steam Valley Rd Unit R1658301, Olean, NY 14760
  • /8

    $39,900 Lot/Land

    241 Hamilton Ave, Olean, NY 14760

    • 10,890 Sq Ft
    • $159,600 per Acre

    Build your next chapter on this prime vacant lot overlooking the golf course on Hamilton Avenue! This buildable parcel offers a rare opportunity to create a custom home with walk out access to the fairway, club house, and pool (With membership of course...) Public utilities available at the road. Whether you're ready to build now or planning for the future, this is a standout setting.

    Amy Henzel Listing by ERA Team VP Real Estate

    241 Hamilton Ave, Olean, NY 14760
  • /4

    $24,900 Lot/Land

    1005 Billington St, Olean, NY 14760

    • 3.65 Acres
    • $6,822 per Acre

    Discover the perfect blend of privacy and convenience with this exceptional 3.65-acre parcel nestled on a quiet, low-traffic street just minutes from downtown. Whether you're looking to build your dream single-family home or develop a multi-unit investment property, this versatile lot offers endless potential.With all utilities available at the road, the groundwork is already in place to bring

    Tina Perkins Listing by RE/MAX On Point

    1005 Billington St, Olean, NY 14760
  • /15

    $159,900 Lot/Land

    0 New York 16, Olean, NY 14760

    • 34 Acres
    • $4,703 per Acre

    Joshua McDougall Listing by HUNT Real Estate Corporation

    0 New York 16, Olean, NY 14760
  • /31

    $1,100,000 Lot/Land

    0 Union Valley Rd Unit 11555402, Hinsdale, NY 14760

    • 423.45 Acres
    • $2,598 per Acre

    Welcome to this massive 423+ acre property that could make a great family legacy property! Located adjacent to the Olean Municipal airport, it would make for an incredible fly-in destination! With the Cuba lake public boat launch only about 3 miles away, keep a boat at the property for fishing and fun!Included is an 800+ . partially finished cabin with a beautiful mountain view. The cabin is

    David Anderson Timberland Realty

    0 Union Valley Rd Unit 11555402, Hinsdale, NY 14760
  • /12

    $39,500 Lot/Land

    1873 Dugan Rd, Olean, NY 14760

    • 2.02 Acres
    • $19,564 per Acre

    Opportunity awaits with this more than 2-acre corner lot located at the intersection of Dugan Road and Goodrich Road in the Town of Olean. This spacious, cleared parcel offers the ideal setting to bring your dream home or next project to life. The property is already equipped with a water well on site and offers access to the City of Olean sewer system, giving you a head start on your build. It

    Paul Pezzimenti Listing by Howard Hanna Professionals - Olean

    1873 Dugan Rd, Olean, NY 14760

Frequently Asked Questions

What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in Olean, NY usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in Olean, NY hold their value?
Yes, especially in fast-growing areas of Olean, NY. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.

Home Trends in Olean, NY

Housing Trends

Median Sale Price
$145,000
Median Single Family Sale Price
$144,000
Median Townhouse Sale Price
$44,500
Average Price Per Sq Ft
$99
Number of Homes for Sale
53
Last 12 months Home Sales
128
Months of Supply
5.00
Median List Price
$149,900
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
21%
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