Why Live in Olean
Olean, New York, is a small city of just under 14,000 residents located on the banks of the Alleghany River in Western New York’s Southern Tier region. Known for hosting St. Bonaventure University and the headquarters of Cutco, Olean features a vibrant business district and entertainment scene. The city is characterized by historic homes on well-organized streets, shaded by tall trees, with most homes within walking distance of the river. Southern Tier Catholic School is a highly rated private option for education. North Union Street serves as the main thoroughfare, lined with grocery stores, big-box retailers, and a variety of dining options, including the popular Beef 'N' Barrel. Outdoor enthusiasts can enjoy the paved trail along the Alleghany River, numerous parks, and recreational activities like boating and fishing. Forness Park and Franchot Park offer baseball diamonds for local games. Olean’s community events include the annual festival at St. Mary of the Angels church and a seasonal farmer’s market. The nearby Ellicottville ski resort provides additional recreational opportunities and hosts events like Oktoberfest. Despite its amenities, Olean maintains a small-town feel, with a close-knit community and a walkable layout, though residents often rely on cars for travel to other parts of the state.
Home Trends in Olean, NY
On average, homes in Olean, NY sell after 46 days on the market compared to the national average of 70 days. The median sale price for homes in Olean, NY over the last 12 months is $65,000, up 116% from the median home sale price over the previous 12 months.
Median Sale Price
$65,000
Median Single Family Sale Price
$65,000
Average Price Per Sq Ft
$64
Number of Homes for Sale
1
Last 12 months Home Sales
37
Median List Price
$69,900
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
116%
