Olean Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Olean averaged 6.79% for the week of 2025-07-31, compared to the national average of 6.72% for the same period.

    The average rate for the prior week (2025-07-24) was 7.11% and one month ago for the week of 2025-06-26, the average rate was 7.24%.

    Olean's average rate one year ago was 7.25%.

    For refis of the same type during the week of 2025-07-31, the average rate was 7.32%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-07-31 6.72%
    Olean 30 Year Fixed Rate 2025-07-31 6.79%
    Olean 30 Year Fixed Rate Refi 2025-07-31 7.32%
    Olean 15 Year Fixed Rate 2025-07-31 5.95%
    Olean 15 Year Fixed Rate Refi 2025-07-31 5.95%
    Olean 30 Year FHA 2025-07-31 6.29%
    Olean 30 Year FHA Refi 2025-07-31 6.39%
    Olean 30 Year USDA 2025-07-31 6.55%
    Olean 30 Year USDA Refi 2025-07-31 6.55%
    Olean 30 Year VA 2025-07-31 6.25%
    Olean 30 Year VA Refi 2025-07-31 6.45%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Olean, NY.

    Olean Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Olean, NY market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Community Bank 53 7.51% $454
    UNITED WHOLESALE MORTGAGE, LLC 41 6.73% $6,635
    QUICKEN LOANS, LLC 28 7.01% $5,574
    Premium Mortgage Corporation 16 6.76% $4,508
    1ST PRIORITY MORTGAGE, INC. 13 6.88% $4,940
    M&T Bank 13 6.75% $5,216
    Five Star Bank 12 6.64% $3,603
    Farm Credit East, ACA 11 7.60% $5,879
    MOVEMENT MORTGAGE, LLC 11 6.85% $5,770
    HUNT MORTGAGE CORPORATION 10 6.93% $5,510
    KeyBank 9 6.83% $4,235
    EVERETT FINANCIAL, INC. 7 6.61% $4,706
    Northwest Bank 6 6.77% $4,589
    HOMESTEAD FUNDING CORP. 5 7.08% $4,195
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.25% $3,972
    Tompkins Trust Company 4 6.47% $2,992
    TD Bank 3 6.67% $7,272
    CROSSCOUNTRY MORTGAGE, LLC 3 7.50% $6,857
    Citizens Bank 3 6.71% $6,492
    JPMorgan Chase Bank 3 7.00% $6,425
    Mr. Cooper ( Nationstar Mortgage ) 2 6.88% $10,622
    SEFCU SERVICES, LLC 2 6.06% $3,252
    CNB Bank 2 7.50% $3,717
    NAVY FEDERAL CREDIT UNION 2 7.31% $6,391
    PNC Bank 2 6.38% $4,460
    OWNERSCHOICE FUNDING, INCORPORATED 2 6.75% $3,218
    Bank of America 2 6.31% $8,297
    Morgan Stanley Private Bank 2 5.97% $5,555
    Wells Fargo Bank 1 7.00% $3,992
    Ally Bank 1 7.13% $5,243
    BETTER MORTGAGE CORPORATION 1 7.25% $4,167
    BMO Harris Bank 1 6.88% $4,243
    BNY Mellon 1 6.38% $5,430
    Carrington Mortgage Services, LLC 1 6.38% $6,042
    Discover Bank 1 9.81% $0
    Empower Federal Credit Union 1 6.75% $2,074
    FIRST HERITAGE FEDERAL CREDIT UNION 1 6.63% $3,410
    Flagstar Bank, FSB 1 6.13% $10,197
    FREEDOM MORTGAGE CORPORATION 1 7.25% $9,367
    Goldman Sachs Bank USA 1 7.44% $4,649
    GREATER WOODLAWN FEDERAL CREDIT UNION 1 6.20% $3,988
    NBKC BANK 1 5.88% $4,998
    PLAZA HOME MORTGAGE, INC. 1 7.50% $20,406
    RBC Bank, (Georgia) 1 4.75% $4,210
    ROYAL UNITED MORTGAGE LLC 1 7.88% $6,086
    Stifel Bank and Trust 1 5.38% $5,811
    The Huntington National Bank 1 7.50% $5,095
    TOTAL MORTGAGE SERVICES, LLC 1 7.38% $7,444
    TOWER 1 5.00% $6,381
    Toyota Financial Savings Bank 1 6.38% $8,850
    UBS Bank USA 1 5.75% $5,086
    Union Savings Bank 1 6.50% $5,215
    USAA Federal Savings Bank 1 6.88% $4,486
    UTILITIES EMPLOYEES CREDIT UNION 1 6.75% $3,357

    Olean Average Closing Costs & Other Stats

    Olean, NY's 54 lenders originated 819 loans during 2024. The total origination value was $125,715,000, with an average loan value of $153,498.

    Olean's average closing costs are $4,181.

    The top Olean lender as defined by loan originations is Community Bank, with 53 loans originated. Their average total fees are $454, which is $6,181 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Olean lenders (with over 10 loans originated) are Community Bank ($454), Five Star Bank ($3,603), Premium Mortgage Corporation ($4,508), 1ST PRIORITY MORTGAGE, INC. ($4,940) and M&T Bank ($5,216).

    The lowest rate Olean lenders (with over 10 loans originated) are Five Star Bank (6.64%), UNITED WHOLESALE MORTGAGE, LLC (6.73%), M&T Bank (6.75%), Premium Mortgage Corporation (6.76%) and MOVEMENT MORTGAGE, LLC (6.85%).

    Olean, NY Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    Community Bank $19,060,000 $18,715,000 -1.8% 14.9%
    UNITED WHOLESALE MORTGAGE, LLC $9,095,000 $13,140,000 44.5% 10.5%
    QUICKEN LOANS, LLC $8,935,000 $10,790,000 20.8% 8.6%
    M&T Bank $5,800,000 $6,560,000 13.1% 5.2%
    Five Star Bank $10,075,000 $4,785,000 -52.5% 3.8%
    Premium Mortgage Corporation $5,525,000 $4,580,000 -17.1% 3.6%
    EVERETT FINANCIAL, INC. $2,220,000 $4,520,000 103.6% 3.6%
    Farm Credit East, ACA $2,315,000 $4,405,000 90.3% 3.5%
    MOVEMENT MORTGAGE, LLC $2,020,000 $2,890,000 43.1% 2.3%
    1ST PRIORITY MORTGAGE, INC. $2,240,000 $2,855,000 27.5% 2.3%
    Cattaraugus County Bank $2,535,000 $2,560,000 1.0% 2.0%
    CROSSCOUNTRY MORTGAGE, LLC $430,000 $2,555,000 494.2% 2.0%
    HUNT MORTGAGE CORPORATION $715,000 $2,175,000 204.2% 1.7%
    KeyBank $3,040,000 $2,150,000 -29.3% 1.7%
    NAVY FEDERAL CREDIT UNION $1,080,000 $2,085,000 93.1% 1.7%
    Northwest Bank $4,610,000 $1,925,000 -58.2% 1.5%
    PLAZA HOME MORTGAGE, INC. $3,015,000 $1,875,000 -37.8% 1.5%
    TD Bank $65,000 $1,745,000 2,584.6% 1.4%
    Mortgage Research Center, LLC $2,750,000 $1,740,000 -36.7% 1.4%
    Tompkins Trust Company $1,200,000 $1,665,000 38.8% 1.3%
    Bank of Holland $1,965,000 $1,540,000 -21.6% 1.2%
    Citizens Bank $2,040,000 $1,455,000 -28.7% 1.2%
    PNC Bank $475,000 $1,360,000 186.3% 1.1%
    HOMESTEAD FUNDING CORP. $1,970,000 $1,225,000 -37.8% 1.0%
    CNB Bank $2,650,000 $1,140,000 -57.0% 0.9%
    RBC Bank, (Georgia) $645,000 $1,125,000 74.4% 0.9%
    Bank of America $425,000 $1,075,000 152.9% 0.9%
    Morgan Stanley Private Bank $515,000 $1,060,000 105.8% 0.8%
    Toyota Financial Savings Bank $965,000 n/a 0.8%
    SEFCU SERVICES, LLC $455,000 $905,000 98.9% 0.7%
    AMERICAN FINANCIAL NETWORK, INC. $320,000 $800,000 150.0% 0.6%
    JPMorgan Chase Bank $585,000 $770,000 31.6% 0.6%
    Evans Bank $315,000 $670,000 112.7% 0.5%
    21ST MORTGAGE CORPORATION $1,640,000 $595,000 -63.7% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $560,000 $565,000 0.9% 0.4%
    UBS Bank USA $305,000 $565,000 85.2% 0.4%
    USAA Federal Savings Bank $280,000 $565,000 101.8% 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $215,000 $530,000 146.5% 0.4%
    A&D Mortgage LLC $505,000 n/a 0.4%
    FREEDOM MORTGAGE CORPORATION $505,000 n/a 0.4%
    PENNYMAC LOAN SERVICES, LLC $275,000 $505,000 83.6% 0.4%
    First Columbia Bank & Trust Co. $485,000 n/a 0.4%
    The Lyons National Bank $385,000 $485,000 26.0% 0.4%
    TOTAL MORTGAGE SERVICES, LLC $175,000 $465,000 165.7% 0.4%
    TOWER $445,000 n/a 0.4%
    Goldman Sachs Bank USA $545,000 $425,000 -22.0% 0.3%
    The Genoa Banking Company $405,000 n/a 0.3%
    BMO Harris Bank $395,000 n/a 0.3%
    The Huntington National Bank $375,000 n/a 0.3%
    Farmers Bank & Trust $365,000 n/a 0.3%
    Barrington Bank & Trust Company, N.A. $425,000 $360,000 -15.3% 0.3%
    TRIAD FINANCIAL SERVICES, INC. $325,000 $355,000 9.2% 0.3%
    RELIANCE FIRST CAPITAL, LLC $320,000 n/a 0.3%
    BNY Mellon $315,000 n/a 0.3%
    FIRST HERITAGE FEDERAL CREDIT UNION $125,000 $315,000 152.0% 0.3%
    Flagstar Bank, FSB $315,000 n/a 0.3%
    ONTARIO SHORES $135,000 $310,000 129.6% 0.2%
    Union Savings Bank $305,000 n/a 0.2%
    Lake Shore Savings Bank $850,000 $290,000 -65.9% 0.2%
    LOANDEPOT.COM, LLC $685,000 $290,000 -57.7% 0.2%
    Alden State Bank $260,000 $285,000 9.6% 0.2%
    NEWREZ LLC $715,000 $280,000 -60.8% 0.2%
    BETTER MORTGAGE CORPORATION $650,000 $275,000 -57.7% 0.2%
    Discover Bank $45,000 $270,000 500.0% 0.2%
    PARAGON HOME LOANS INC. $1,965,000 $270,000 -86.3% 0.2%
    ROYAL UNITED MORTGAGE LLC $150,000 $265,000 76.7% 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $1,035,000 $260,000 -74.9% 0.2%
    OWNERSCHOICE FUNDING, INCORPORATED $250,000 n/a 0.2%
    Stifel Bank and Trust $245,000 n/a 0.2%
    Carrington Mortgage Services, LLC $135,000 $230,000 70.4% 0.2%
    AMWEST FUNDING CORP. $225,000 n/a 0.2%
    GUARANTEED RATE, INC. $190,000 $215,000 13.2% 0.2%
    Wells Fargo Bank $635,000 $215,000 -66.1% 0.2%
    ABSOLUTE HOME MORTGAGE CORPORATION $205,000 n/a 0.2%
    Western Division FCU $90,000 $205,000 127.8% 0.2%
    CREDIT HUMAN FEDERAL CREDIT UNION $345,000 $200,000 -42.0% 0.2%
    Univest Bank and Trust Co. $175,000 n/a 0.1%
    Ally Bank $95,000 $165,000 73.7% 0.1%
    First National Bank of Pennsylvania $155,000 n/a 0.1%
    GREATER WOODLAWN FEDERAL CREDIT UNION $215,000 $155,000 -27.9% 0.1%
    NBKC BANK $145,000 n/a 0.1%
    Hometown Equity Mortgage, LLC $135,000 n/a 0.1%
    Magnolia Bank $135,000 n/a 0.1%
    STATE EMPLOYEES FEDERAL CREDIT UNION $160,000 $130,000 -18.8% 0.1%
    FINANCE OF AMERICA REVERSE LLC $65,000 $125,000 92.3% 0.1%
    UTILITIES EMPLOYEES CREDIT UNION $105,000 $105,000 0.0% 0.1%
    Cornerstone Community Federal Credit Union $670,000 $75,000 -88.8% 0.1%
    St Joseph's Parish Buffalo Federal Credit Union $385,000 $65,000 -83.1% 0.1%
    ALLIANT CREDIT UNION $55,000 n/a 0.0%
    Bethpage Federal Credit Union $55,000 n/a 0.0%
    Empower Federal Credit Union $25,000 $55,000 120.0% 0.0%
    PENTAGON FEDERAL CREDIT UNION $55,000 n/a 0.0%
    Centra Credit Union $45,000 n/a 0.0%
    NORTHERN CREDIT UNION $45,000 n/a 0.0%
    GREENWOOD $25,000 n/a 0.0%
    THE SUMMIT Federal Credit Union $55,000 $25,000 -54.5% 0.0%

    Olean's top lender by overall market share is Community Bank, with 14.9% market share. In second place, with 10.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $13,140,000 in loans. In third place, with 8.6%, is QUICKEN LOANS, LLC, having originated $10,790,000 in loans. In fourth place, with 5.2%, is M&T Bank, having originated $6,560,000 in loans. In fifth place, with 3.8%, is Five Star Bank, having originated $4,785,000 in loans.

    Olean Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Olean (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $119,900 (1.2%) $195,421 (7.9%) 0.00 510
    2018-02-01 $124,950 (5.4%) $205,276 (14.4%) 0.00 495
    2018-03-01 $129,000 (7.6%) $208,412 (11.6%) 0.00 482
    2018-04-01 $126,475 (5.5%) $205,997 (9.5%) 0.00 476
    2018-05-01 $125,000 (4.2%) $202,300 (8.0%) 0.00 497
    2018-06-01 $124,450 (2.0%) $201,141 (7.6%) 0.00 537
    2018-07-01 $127,950 (2.8%) $200,751 (6.9%) 0.00 559
    2018-08-01 $126,100 (1.0%) $196,875 (2.8%) 0.00 571
    2018-09-01 $120,000 (-5.7%) $191,557 (-2.7%) 0.00 553
    2018-10-01 $121,225 (-3.0%) $189,629 (-4.9%) 0.00 539
    2018-11-01 $119,900 (-2.1%) $186,119 (-7.3%) 0.00 523
    2018-12-01 $119,900 (-1.6%) $187,835 (-8.4%) 0.00 478
    2019-01-01 $119,900 (0.0%) $191,506 (-2.0%) 0.00 444
    2019-02-01 $119,900 (-4.0%) $195,272 (-4.9%) 0.00 434
    2019-03-01 $131,686 (2.1%) $208,028 (-0.2%) 0.00 406
    2019-04-01 $148,650 (17.5%) $220,052 (6.8%) 0.00 377
    2019-05-01 $145,950 (16.8%) $214,825 (6.2%) 0.00 382
    2019-06-01 $144,900 (16.4%) $211,615 (5.2%) 0.00 408
    2019-07-01 $139,900 (9.3%) $206,967 (3.1%) 0.00 426
    2019-08-01 $143,445 (13.8%) $209,050 (6.2%) 0.00 423
    2019-09-01 $144,264 (20.2%) $211,533 (10.4%) 0.00 423
    2019-10-01 $141,859 (17.0%) $210,811 (11.2%) 0.00 424
    2019-11-01 $131,950 (10.1%) $206,454 (10.9%) 0.00 405
    2019-12-01 $135,475 (13.0%) $212,417 (13.1%) 0.00 386
    2020-01-01 $154,950 (29.2%) $229,290 (19.7%) 0.00 353
    2020-02-01 $157,500 (31.4%) $228,850 (17.2%) 0.00 345
    2020-03-01 $153,750 (16.8%) $225,375 (8.3%) 0.00 338
    2020-04-01 $158,250 (6.5%) $229,055 (4.1%) 0.00 318
    2020-05-01 $164,900 (13.0%) $229,797 (7.0%) 0.00 321
    2020-06-01 $169,500 (17.0%) $226,567 (7.1%) 0.00 303
    2020-07-01 $162,450 (16.1%) $225,541 (9.0%) 0.00 287
    2020-08-01 $168,900 (17.8%) $234,502 (12.2%) 0.00 276
    2020-09-01 $143,150 (-0.8%) $229,320 (8.4%) 0.00 264
    2020-10-01 $138,450 (-2.4%) $235,427 (11.7%) 0.00 246
    2020-11-01 $132,400 (0.3%) $230,408 (11.6%) 0.00 219
    2020-12-01 $127,075 (-6.2%) $229,241 (7.9%) 0.00 205
    2021-01-01 $135,000 (-12.9%) $239,274 (4.4%) 0.00 181
    2021-02-01 $121,500 (-22.9%) $239,160 (4.5%) 0.00 158
    2021-03-01 $125,950 (-18.1%) $243,992 (8.3%) 0.00 135
    2021-04-01 $137,500 (-13.1%) $239,839 (4.7%) 0.00 129
    2021-05-01 $127,000 (-23.0%) $226,245 (-1.6%) 0.00 126
    2021-06-01 $127,200 (-25.0%) $221,699 (-2.2%) 0.00 142
    2021-07-01 $137,000 (-15.7%) $213,869 (-5.2%) 0.00 161
    2021-08-01 $139,900 (-17.2%) $211,305 (-9.9%) 0.00 157
    2021-09-01 $131,450 (-8.2%) $206,635 (-9.9%) 0.00 158
    2021-10-01 $136,500 (-1.4%) $208,496 (-11.4%) 0.00 157
    2021-11-01 $128,000 (-3.3%) $214,882 (-6.7%) 0.00 146
    2021-12-01 $121,500 (-4.4%) $213,552 (-6.8%) 0.00 136
    2022-01-01 $115,000 (-14.8%) $215,998 (-9.7%) 0.00 119
    2022-02-01 $125,000 (2.9%) $202,644 (-15.3%) 0.00 96
    2022-03-01 $121,225 (-3.8%) $196,827 (-19.3%) 0.00 100
    2022-04-01 $124,900 (-9.2%) $220,417 (-8.1%) 0.00 105
    2022-05-01 $122,400 (-3.6%) $219,545 (-3.0%) 0.00 112
    2022-06-01 $129,900 (2.1%) $225,092 (1.5%) 0.00 125
    2022-07-01 $149,000 (8.8%) $207,062 (-3.2%) 0.00 143
    2022-08-01 $133,425 (-4.6%) $204,577 (-3.2%) 0.00 149
    2022-09-01 $124,975 (-4.9%) $190,658 (-7.7%) 0.00 146
    2022-10-01 $131,500 (-3.7%) $188,803 (-9.5%) 0.00 143
    2022-11-01 $121,475 (-5.1%) $176,853 (-17.7%) 0.00 143
    2022-12-01 $112,400 (-7.5%) $183,970 (-13.9%) 0.00 123
    2023-01-01 $113,650 (-1.2%) $193,397 (-10.5%) 0.00 112
    2023-02-01 $119,730 (-4.2%) $216,983 (7.1%) 0.00 116
    2023-03-01 $128,675 (6.2%) $237,584 (20.7%) 0.00 109
    2023-04-01 $125,000 (0.1%) $223,681 (1.5%) 0.00 96
    2023-05-01 $143,050 (16.9%) $223,541 (1.8%) 0.00 108
    2023-06-01 $139,900 (7.7%) $226,301 (0.5%) 0.00 131
    2023-07-01 $142,500 (-4.4%) $230,090 (11.1%) 0.00 145
    2023-08-01 $142,450 (6.8%) $292,085 (42.8%) 0.00 161
    2023-09-01 $140,000 (12.0%) $303,421 (59.1%) 0.00 164
    2023-10-01 $159,900 (21.6%) $325,519 (72.4%) 0.00 167
    2023-11-01 $156,575 (28.9%) $327,411 (85.1%) 0.00 154
    2023-12-01 $139,950 (24.5%) $333,835 (81.5%) 0.00 141
    2024-01-01 $164,087 (44.4%) $333,179 (72.3%) 0.00 126
    2024-02-01 $175,925 (46.9%) $351,002 (61.8%) 0.00 137
    2024-03-01 $199,000 (54.7%) $410,785 (72.9%) 0.00 134
    2024-04-01 $223,725 (79.0%) $434,571 (94.3%) 0.00 128
    2024-05-01 $244,925 (71.2%) $446,181 (99.6%) 0.00 142
    2024-06-01 $232,500 (66.2%) $444,371 (96.4%) 0.00 150
    2024-07-01 $224,900 (57.8%) $408,512 (77.5%) 0.00 182
    2024-08-01 $199,450 (40.0%) $366,780 (25.6%) 0.00 185
    2024-09-01 $199,900 (42.8%) $333,438 (9.9%) 0.00 196
    2024-10-01 $199,900 (25.0%) $326,858 (0.4%) 0.00 199
    2024-11-01 $187,500 (19.8%) $318,009 (-2.9%) 0.00 189
    2024-12-01 $199,450 (42.5%) $316,014 (-5.3%) 0.00 187
    2025-01-01 $193,725 (18.1%) $306,846 (-7.9%) 0.00 163
    2025-02-01 $197,225 (12.1%) $307,472 (-12.4%) 0.00 159
    2025-03-01 $230,000 (15.6%) $353,518 (-13.9%) 0.00 151
    2025-04-01 $243,750 (9.0%) $355,861 (-18.1%) 0.00 158
    2025-05-01 $249,000 (1.7%) $343,114 (-23.1%) 0.00 174
    2025-06-01 $239,900 (3.2%) $340,126 (-23.5%) 0.00 193
    2025-07-01 $240,750 (7.1%) $377,254 (-7.7%) 0.00 214
    Olean's median listing price for 2025-07-01 was $240,750, a difference of $15,850 (7.1%) versus the prior year and $850 versus the prior month.

    Olean's median listing price comes in at 0% of the national average.

    Olean's average listing price for 2025-07-01 was $377,254, a difference of $-31,258 (-7.7%) versus the prior year and $37,128 versus the prior month.

    For the 2025-07-01 period, Olean had 214 MLS listings, a difference of 21 listings (11%) versus the prior month and 32 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Olean (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,598 sqft
    2018-02-01 0 days 1,589 sqft
    2018-03-01 0 days 1,603 sqft
    2018-04-01 0 days 1,641 sqft
    2018-05-01 0 days 1,617 sqft
    2018-06-01 0 days 1,622 sqft
    2018-07-01 0 days 1,648 sqft
    2018-08-01 0 days 1,622 sqft
    2018-09-01 0 days 1,620 sqft
    2018-10-01 0 days 1,617 sqft
    2018-11-01 0 days 1,619 sqft
    2018-12-01 0 days 1,621 sqft
    2019-01-01 0 days 1,600 sqft
    2019-02-01 0 days 1,598 sqft
    2019-03-01 0 days 1,665 sqft
    2019-04-01 0 days 1,670 sqft
    2019-05-01 0 days 1,673 sqft
    2019-06-01 0 days 1,626 sqft
    2019-07-01 0 days 1,633 sqft
    2019-08-01 0 days 1,660 sqft
    2019-09-01 0 days 1,672 sqft
    2019-10-01 0 days 1,680 sqft
    2019-11-01 0 days 1,680 sqft
    2019-12-01 0 days 1,680 sqft
    2020-01-01 0 days 1,708 sqft
    2020-02-01 0 days 1,714 sqft
    2020-03-01 0 days 1,706 sqft
    2020-04-01 0 days 1,706 sqft
    2020-05-01 0 days 1,677 sqft
    2020-06-01 0 days 1,679 sqft
    2020-07-01 0 days 1,677 sqft
    2020-08-01 0 days 1,680 sqft
    2020-09-01 0 days 1,611 sqft
    2020-10-01 0 days 1,624 sqft
    2020-11-01 0 days 1,607 sqft
    2020-12-01 0 days 1,575 sqft
    2021-01-01 0 days 1,624 sqft
    2021-02-01 0 days 1,548 sqft
    2021-03-01 0 days 1,546 sqft
    2021-04-01 0 days 1,548 sqft
    2021-05-01 0 days 1,483 sqft
    2021-06-01 0 days 1,523 sqft
    2021-07-01 0 days 1,584 sqft
    2021-08-01 0 days 1,653 sqft
    2021-09-01 0 days 1,692 sqft
    2021-10-01 0 days 1,688 sqft
    2021-11-01 0 days 1,551 sqft
    2021-12-01 0 days 1,544 sqft
    2022-01-01 0 days 1,470 sqft
    2022-02-01 0 days 1,373 sqft
    2022-03-01 0 days 1,466 sqft
    2022-04-01 0 days 1,454 sqft
    2022-05-01 0 days 1,450 sqft
    2022-06-01 0 days 1,527 sqft
    2022-07-01 0 days 1,573 sqft
    2022-08-01 0 days 1,617 sqft
    2022-09-01 0 days 1,566 sqft
    2022-10-01 0 days 1,536 sqft
    2022-11-01 0 days 1,437 sqft
    2022-12-01 0 days 1,440 sqft
    2023-01-01 0 days 1,428 sqft
    2023-02-01 0 days 1,454 sqft
    2023-03-01 0 days 1,499 sqft
    2023-04-01 0 days 1,438 sqft
    2023-05-01 0 days 1,483 sqft
    2023-06-01 0 days 1,465 sqft
    2023-07-01 0 days 1,440 sqft
    2023-08-01 0 days 1,460 sqft
    2023-09-01 0 days 1,559 sqft
    2023-10-01 0 days 1,516 sqft
    2023-11-01 0 days 1,536 sqft
    2023-12-01 0 days 1,512 sqft
    2024-01-01 0 days 1,512 sqft
    2024-02-01 0 days 1,574 sqft
    2024-03-01 0 days 1,568 sqft
    2024-04-01 0 days 1,558 sqft
    2024-05-01 0 days 1,556 sqft
    2024-06-01 0 days 1,576 sqft
    2024-07-01 0 days 1,552 sqft
    2024-08-01 0 days 1,489 sqft
    2024-09-01 0 days 1,492 sqft
    2024-10-01 0 days 1,532 sqft
    2024-11-01 0 days 1,536 sqft
    2024-12-01 0 days 1,526 sqft
    2025-01-01 0 days 1,541 sqft
    2025-02-01 0 days 1,537 sqft
    2025-03-01 0 days 1,440 sqft
    2025-04-01 0 days 1,450 sqft
    2025-05-01 0 days 1,472 sqft
    2025-06-01 0 days 1,548 sqft
    2025-07-01 0 days 1,501 sqft
    Olean's median listing age (time on market) for 2025-07-01 was 0 days.

    Olean's median square footage for active listings during the 2025-07-01 period was 1,501 sqft. One year prior, the average listing was 1,552 sqft.

    Olean, NY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 492 $93,420,000 $189,878
    Home Improvement 131 $9,445,000 $72,099
    Other 73 $6,315,000 $86,507
    Cash Out Refi 67 $10,435,000 $155,746
    Refi 56 $6,100,000 $108,929

    Olean's most frequently cited loan purpose was Home Purchase, with 492 originations. The 2nd most popular reason was Home Improvement, with 131 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 305 $50,745,000 $166,377
    7-8% 240 $39,990,000 $166,625
    Over 8% 142 $14,540,000 $102,394
    5-6% 60 $12,240,000 $204,000
    <2.5% 21 $545,000 $25,952
    4-5% 4 $1,900,000 $475,000
    3-4% 3 $205,000 $68,333

    During 2024, Olean's most frequently originated rate bucket was 6-7%, with 305 originations.

    Loan Sizing (Olean, NY MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 324 $19,290,000 $59,537
    $100k-200k 304 $42,500,000 $139,803
    $200k-400k 152 $42,070,000 $276,776
    $400k-600k 27 $12,665,000 $469,074
    $600k-1000k 10 $7,060,000 $706,000
    $Over $1MM 2 $2,130,000 $1,065,000

    Olean's loan sizing saw the bucket of loans from $100,000 or less with 324 originations, totaling $19,290,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 353 $65,105,000 $184,433
    60-80% 166 $33,430,000 $201,386
    20-40% 118 $8,030,000 $68,051
    40-60% 81 $10,085,000 $124,506
    Under 20% 47 $2,135,000 $45,426
    Over 100% 5 $1,205,000 $241,000

    Olean's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 353 originations, totaling $65,105,000 in origination value.