Median price for residential apartments in as of May, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
54 Olean, NY 14760, USA apartments for sale
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Olean
According to statistics, the population in Olean, NY amounts to 13,911, which shows decline -1% compared to the previous year. The median age of the city’s residents is 41. The average household income is $40,291, shifting decline -1% from the past year, and the average property value in Olean, NY growth 7% to $77,600 throughout the year.
| Population | 13,911 |
| Median Age | 40.8 |
| Poverty Rate | 23% |
| Household Income | $40,291 |
| Number Of Employees | 6,487 |
| Median Property Value | $77,600 |
Household Income
The average household income in Olean, NY declined from $40,707 to $40,291 in the past year. This data is an estimate based upon 6,143 households in Olean, NY . The chart below presents how household income is distributed in Olean, NY in comparison to the revenue allocation amid households nationally.
- USA
- Olean, NY
Property Value
According to data from last year, the average property value in Olean, NY shifted from $72,200 to $77,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Olean, NY in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Olean, NY properties falls in the '$60,000 to $69,999' range, which is lower than the most significant median property across the country.
- USA
- Olean, NY
Rent vs. Own
- Rent50%
- Own50%
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Olean, NY compared to median property taxes around the country. The prevalent amount of property taxes in Olean, NY equals $3000, which is less than the national average.
- USA
- Olean, NY
Housing Trends
Olean, NY 14760, USA Housing Trends
Average sale in Olean: $116,600 (-31.7%)
| Apartment Size | May | vs Last Month |
|---|---|---|
| 2 bed apartments | $24,900 | N/A |
| 3 bed apartments | $170,700 | N/A |
| 4+ bed apartments | $162,450 | N/A |
During May 2021, the average price for an apartment in/near Olean, NY decreased by 31.7% to $116,600.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $24,900. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $170,700. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $162,450 for a big-family home.
| Listing Type | May | vs Last Month |
|---|---|---|
| Houses for sale | $162,400 | -4.9% |
| Apartments for sale | $25,000 | N/A |
While assessing the property pricing Olean, NY, you can note that it remains flat with a price tag of $25,000. According to statistics, average house is still $162,400 with no significant changes this month.
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