Comprehensive market data and analysis• Updated Oct 2026
18.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 2 | 3 |
| 1-2 acres | - | - | 1 | 1 |
| 2-5 acres | - | - | 2 | 2 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 5 | 8 |
Acreage buckets
The median price for land in Olean, New York is currently $15K per acre. For a typical parcel, the median sale price is $29K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $15K while premium lots reached $62K.
Olean, New York is currently a strong buyer's market with 18.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Olean, New York currently has 18.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Olean, New York averages $132K per acre. The median price per acre is $15K, which may be more representative of typical transactions. Most parcels sold are around 1.4 acres.
Land in Olean, New York typically sells within 151 days of listing. The median time on market is 136 days. Properties are moving slowly in the current strong buyer's market.
There are currently 12 active listings in Olean, New York. 6 new listings have hit the market in the last 90 days. The median asking price is $95K.
The 3-month absorption rate in Olean, New York is 5.6%. The 12-month rate is 4.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Olean on LandyDandy.
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