Housing Prices in Provo-Orem, UT
How much do homes in Provo-Orem, UT cost?
Median List Price
$519,450
$248/sqft
Based on all homes listed in March 2024.
Difference Since Last Month
Key Takeaway
The list price of homes in Provo-Orem has remained the same since February.
Summary: The median home list price in Provo-Orem was $519,450 in March 2024, down 0.1% from the previous month, and the median price per square foot was $248.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $5.9M | $3.1M | -48.2% |
| 2 Bedrooms | $287.5K | $315K | +9.6% |
| 3 Bedrooms | $420K | $429.9K | +2.4% |
| 4 Bedrooms | $535K | $525.4K | -1.8% |
| 5+ Bedrooms | $757.5K | $700K | -7.6% |
Summary: Provo-Orem housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 48.2%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 7.6%.
Median List Price Compared To Nearby Cities
| Vineyard | $555K | $610K | +9.9% |
| 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% |
Housing Supply in Provo-Orem, UT
How many homes are available in Provo-Orem, UT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 201 | 344 | +71.1% |
Summary: The Provo-Orem real estate market had 344 homes for sale in March 2024, a 71.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 34 | 50 | +47.1% |
| 3 Bedrooms | 51 | 93 | +82.4% |
| 4 Bedrooms | 49 | 86 | +75.5% |
| 5+ Bedrooms | 66 | 113 | +71.2% |
Summary: The Provo-Orem housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 47.1%, 3 bedroom homes increased by 82.4%, 4 bedroom homes increased by 75.5%, and 5+ bedroom homes increased by 71.2%.
Days on Market for Provo-Orem, UT
How long does it take to sell a home in Provo-Orem, UT?
Average Listing Age
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 84 Days | 70 Days | -16.7% |
Summary: Homes in Provo-Orem had an average listing age of 70 days in Mar 2024, down by 16.7% 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.