How much do homes in Orem, UT cost?

Median List Price

$520,000

$224/sqft

Based on all homes listed in August 2022.

Difference Since Last Month

-$5,000(-1.0%)

Key Takeaway

The list price of homes in Orem has decreased by 1% since July.

Median List Price By Bedroom Count

# BEDSJul 2022Aug 2022%
1 --
N/A
2 $289K$302.5K
+4.7%
3 $420K$414.9K
-1.2%
4 $495K$499K
+0.8%
5+ $647.4K$600K
-7.3%

Median List Price Compared To Nearby Cities

Lindon
0.3%
Orem
-1.0%
Vineyard
-3.2%
Provo
-3.7%
Provo-Orem
-4.1%

How many homes are available in Orem, UT?

Number of Homes For Sale

Jul 2022Aug 2022%
119211+77.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 716
+128.6%
3 2338
+65.2%
4 3970
+79.5%
5+ 5087
+74.0%

Average Listing Age

Jul 2022Aug 2022%
48 Days50 Days+3.1%

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

About Orem, UT

Number of homes for sale in Orem, UT real estate market have reached 211. In August 2022 in Orem, UT there were 77.3% more homes for sale than in July 2022. In August 2022, listings were on the market for 50 days. During the same period, the median list price in this real estate market was $520,000. Listing prices have changed in this real estate market between August 2021 and August 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 4.7%, prices of 3 bedrooms properties went down by 1.2%, 4 bedrooms properties became 0.8% more expensive, the cost of 5 bedrooms properties went down by 7.3%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, number of 2 bedrooms homes increased by 128.6%, number of 3 bedrooms homes increased by 65.2%, the quantity of 4 bedrooms homes went up by 79.5%, 5 bedrooms homes became 74% more available.

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