Housing Prices in Orem, UT

How much do homes in Orem, UT cost?

Median List Price

$525,000

$233/sqft

Based on all homes listed in November 2024.

Difference Since Last Month

-$10,000(-1.9%)

Key Takeaway

The list price of homes in Orem has decreased by 1.9% since October.

Summary: The median home list price in Orem was $525,000 in November 2024, down 1.9% from the previous month, and the median price per square foot was $233.

Median List Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $289.4K$289.9K
0.2%
3 $428.4K$424.9K
-0.8%
4 $505K$514K
+1.8%
5+ $779.9K$732.5K
-6.1%

Summary: Orem housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 6.1%.

Median List Price Compared To Nearby Cities

Lindon
+3.0%
Provo-Orem
-1.6%
Orem
-1.9%
Provo
-3.2%
Vineyard
-9.3%

Housing Supply in Orem, UT

How many homes are available in Orem, UT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
149193+29.5%

Summary: The Orem real estate market had 193 homes for sale in November 2024, a 29.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1821
+16.7%
3 3445
+32.4%
4 3749
+32.4%
5+ 6078
+30.0%

Summary: The Orem housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 32.4%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes increased by 30%.

Days on Market for Orem, UT

How long does it take to sell a home in Orem, UT?

Average Listing Age

Oct 2024Nov 2024CHANGE
90 Days93 Days+3.2%

Summary: Homes in Orem had an average listing age of 93 days in Nov 2024, up by 3.2% compared to the previous month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Orem, UT

Nearby Markets to Orem, UT

What housing markets are near Orem, UT?