Housing Prices in Orem, UT
How much do homes in Orem, UT cost?
Median List Price
$517,450
$235/sqft
Based on all homes listed in April 2024.
Difference Since Last Month
Summary: The median home list price in Orem was $517,450 in April 2024, down 0.5% from the previous month, and the median price per square foot was $235.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $400K | N/A |
2 Bedrooms | $289.5K | $290K | 0.2% |
3 Bedrooms | $455K | $447.5K | -1.6% |
4 Bedrooms | $520K | $515K | -1.0% |
5+ Bedrooms | $599.9K | $619.9K | +3.3% |
Summary: Orem housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 3.3%.
Median List Price Compared To Nearby Cities
Vineyard | $590K | $659K | +11.7% |
Lindon | $649.4K | $669.9K | +3.2% |
Provo-Orem | $525.9K | $525.6K | 0% |
Orem | $520K | $517.4K | -0.5% |
Provo | $565K | $545.4K | -3.5% |
Housing Supply in Orem, UT
How many homes are available in Orem, UT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 136 | +83.8% |
Summary: The Orem real estate market had 136 homes for sale in April 2024, a 83.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 16 | +100.0% |
3 Bedrooms | 16 | 30 | +87.5% |
4 Bedrooms | 17 | 31 | +82.4% |
5+ Bedrooms | 33 | 58 | +75.8% |
Summary: The Orem housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 87.5%, 4 bedroom homes increased by 82.4%, and 5+ bedroom homes increased by 75.8%.
Days on Market for Orem, UT
How long does it take to sell a home in Orem, UT?
Average Listing Age
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 Days | 68 Days | -19.7% |
Summary: Homes in Orem had an average listing age of 68 days in Apr 2024, down by 19.7% compared to the previous month.