Comprehensive market data and analysis• Updated Dec 2025
999.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 2 |
| 1-2 acres | - | - | 1 | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | 1 | 3 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 2 | 7 |
Acreage buckets
The median price for land in Olean, New York is currently $10K per acre. For a typical parcel, the median sale price is $32K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $25K while premium lots reached $81K.
Land in Olean, New York averages $17K per acre. The median price per acre is $10K, which may be more representative of typical transactions. Most parcels sold are around 5.5 acres.
Land in Olean, New York typically sells within 173 days of listing. The median time on market is 222 days. Properties are moving slowly in the current strong buyer's market.
There are currently 12 active listings in Olean, New York. 5 new listings have hit the market in the last 90 days. The median asking price is $105K.
The 12-month rate is 4.9%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Olean, New York stands at $32K. This translates to roughly $10K per acre for the typical parcel size. The average price is $48K, indicating some higher-priced properties pulling up the average.
The top-performing broker in this market is Howard Hanna Professionals - Olean.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
