Housing Prices in Provo, UT
How much do homes in Provo, UT cost?
Median List Price
$499,900
$269/sqft
Based on all homes listed in March 2024.
Difference Since Last Month
Key Takeaway
The list price of homes in Provo has decreased by 1% since February.
Summary: The median home list price in Provo was $499,900 in March 2024, down 1% from the previous month, and the median price per square foot was $269.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | $1.0M | -0.2% |
| 2 Bedrooms | $292K | $315K | +7.9% |
| 3 Bedrooms | $399.4K | $399.4K | 0.0% |
| 4 Bedrooms | $549.9K | $535K | -2.7% |
| 5+ Bedrooms | $1.0M | $875K | -19.1% |
Summary: Provo housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 7.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 19.1%.
Median List Price Compared To Nearby Cities
| Springville | $519.9K | $525K | +1.0% |
| Provo-Orem | $519.9K | $519.4K | -0.1% |
| Orem | $529K | $524.9K | -0.8% |
| Provo | $504.9K | $499.9K | -1.0% |
| American Fork-Pleasant Grove | $777.4K | $735.8K | -5.4% |
Housing Supply in Provo, UT
How many homes are available in Provo, UT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 124 | 199 | +60.5% |
Summary: The Provo real estate market had 199 homes for sale in March 2024, a 60.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 20 | 31 | +55.0% |
| 3 Bedrooms | 30 | 54 | +80.0% |
| 4 Bedrooms | 33 | 51 | +54.5% |
| 5+ Bedrooms | 38 | 59 | +55.3% |
Summary: The Provo housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 55%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 55.3%.
Days on Market for Provo, UT
How long does it take to sell a home in Provo, UT?
Average Listing Age
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 103 Days | 85 Days | -17.8% |
Summary: Homes in Provo had an average listing age of 85 days in Mar 2024, down by 17.8% 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.