Housing Prices in Provo-Orem, UT

How much do homes in Provo-Orem, UT cost?

Median List Price

$539,600

$239/sqft

Based on all homes listed in October 2024.

Difference Since Last Month

-$29,850(-5.2%)

Key Takeaway

The list price of homes in Provo-Orem has decreased by 5.2% since September.

Summary: The median home list price in Provo-Orem was $539,600 in October 2024, down 5.2% from the previous month, and the median price per square foot was $239.

Median List Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $4.9M$4.9M
0.0%
2 $317.5K$309.9K
-2.4%
3 $419.9K$422.4K
+0.6%
4 $527K$529.4K
0.5%
5+ $817.4K$799.9K
-2.1%

Summary: Provo-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 2.4%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 2.1%.

Median List Price Compared To Nearby Cities

Vineyard
-1.8%
Springville
-2.5%
Orem
-5.0%
Provo-Orem
-5.2%
Provo
-10.6%

Housing Supply in Provo-Orem, UT

How many homes are available in Provo-Orem, UT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
330434+31.5%

Summary: The Provo-Orem real estate market had 434 homes for sale in October 2024, a 31.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 3649
+36.1%
3 81110
+35.8%
4 74112
+51.4%
5+ 138162
+17.4%

Summary: The Provo-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 36.1%, 3 bedroom homes increased by 35.8%, 4 bedroom homes increased by 51.4%, and 5+ bedroom homes increased by 17.4%.

Days on Market for Provo-Orem, UT

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

Average Listing Age

Sep 2024Oct 2024CHANGE
76 Days80 Days+4.9%

Summary: Homes in Provo-Orem had an average listing age of 80 days in Oct 2024, up by 4.9% compared to the previous month.

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

Report Updated 20 Days Ago

Newest Listings in Provo-Orem, UT

Nearby Markets to Provo-Orem, UT

What housing markets are near Provo-Orem, UT?