$6,116 Closing Credit*
$515,000
1,536 SqFt
4 Beds
•2 Full Baths
Griffen M Cisneros, Listing Office: ERA Brokers Consolidated (Salt Lake)
Housing Prices in Orem, UT
How much do homes in Orem, UT cost?
Median List Price
$520,000
$232/sqft
Based on all homes listed in October 2024.
Difference Since Last Month
-$27,500(-5.0%)
Key Takeaway
The list price of homes in Orem has decreased by 5% since September.
Summary: The median home list price in Orem was $520,000 in October 2024, down 5% from the previous month, and the median price per square foot was $232.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299.4K | $295.1K | -1.4% |
| 3 Bedrooms | $425K | $427.9K | +0.7% |
| 4 Bedrooms | $499.9K | $499.9K | 0.0% |
| 5+ Bedrooms | $750K | $735K | -2.0% |
Summary: Orem housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 2%.
Median List Price Compared To Nearby Cities
| Lindon | $795K | $795K | 0.0% |
| Vineyard | $638.5K | $627K | -1.8% |
| Orem | $547.5K | $520K | -5.0% |
| Provo-Orem | $569.4K | $539.6K | -5.2% |
| Provo | $669.9K | $599K | -10.6% |
Housing Supply in Orem, UT
How many homes are available in Orem, UT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 152 | 203 | +33.6% |
Summary: The Orem real estate market had 203 homes for sale in October 2024, a 33.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 26 | +44.4% |
| 3 Bedrooms | 29 | 45 | +55.2% |
| 4 Bedrooms | 40 | 57 | +42.5% |
| 5+ Bedrooms | 65 | 75 | +15.4% |
Summary: The Orem housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 55.2%, 4 bedroom homes increased by 42.5%, and 5+ bedroom homes increased by 15.4%.
Days on Market for Orem, UT
How long does it take to sell a home in Orem, UT?
Average Listing Age
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 77 Days | +6.9% |
Summary: Homes in Orem had an average listing age of 77 days in Oct 2024, up by 6.9% compared to the previous month.
Based on information from UtahRealEstate.com All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2024 UtahRealEstate.com All rights reserved.