Housing Prices in Provo, UT

How much do homes in Provo, UT cost?

Median List Price

$580,000

$264/sqft

Based on all homes listed in November 2024.

Difference Since Last Month

-$19,000(-3.2%)

Key Takeaway

The list price of homes in Provo has decreased by 3.2% since October.

Summary: The median home list price in Provo was $580,000 in November 2024, down 3.2% from the previous month, and the median price per square foot was $264.

Median List Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $2.7M$679.9K
-75.7%
2 $325K$320K
-1.5%
3 $439.9K$437.4K
-0.6%
4 $549.9K$544.9K
-0.9%
5+ $854.9K$849.9K
-0.6%

Summary: Provo housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 75.7%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 0.6%.

Median List Price Compared To Nearby Cities

Springville
0.0%
Provo-Orem
-1.6%
Orem
-1.9%
Provo
-3.2%
American Fork-Pleasant Grove
-6.9%

Housing Supply in Provo, UT

How many homes are available in Provo, UT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
161209+29.8%

Summary: The Provo real estate market had 209 homes for sale in November 2024, a 29.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 2022
+10.0%
3 3650
+38.9%
4 4559
+31.1%
5+ 5875
+29.3%

Summary: The Provo housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 38.9%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes increased by 29.3%.

Days on Market for Provo, UT

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

Average Listing Age

Oct 2024Nov 2024CHANGE
100 Days101 Days+1.0%

Summary: Homes in Provo had an average listing age of 101 days in Nov 2024, up by 1% 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 Provo, UT

Nearby Markets to Provo, UT

What housing markets are near Provo, UT?