Housing Prices in Provo-Orem, UT
How much do homes in Provo-Orem, UT cost?
Median List Price
$540,000
$244/sqft
Based on all homes listed in May 2024.
Difference Since Last Month
Summary: The median home list price in Provo-Orem was $540,000 in May 2024, down 5.3% from the previous month, and the median price per square foot was $244.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $3.1M | $400K | -87.5% |
2 Bedrooms | $314K | $320K | +1.9% |
3 Bedrooms | $455K | $427K | -6.2% |
4 Bedrooms | $555K | $550K | -0.9% |
5+ Bedrooms | $899.4K | $799.8K | -11.1% |
Summary: Provo-Orem housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 87.5%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 11.1%.
Median List Price Compared To Nearby Cities
Orem | $511K | $525K | +2.7% |
Springville | $529.9K | $509.9K | -3.8% |
Provo-Orem | $570K | $540K | -5.3% |
Provo | $629K | $577K | -8.3% |
Vineyard | $749.9K | $589K | -21.5% |
Housing Supply in Provo-Orem, UT
How many homes are available in Provo-Orem, UT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
233 | 407 | +74.7% |
Summary: The Provo-Orem real estate market had 407 homes for sale in May 2024, a 74.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 29 | 57 | +96.6% |
3 Bedrooms | 55 | 104 | +89.1% |
4 Bedrooms | 61 | 99 | +62.3% |
5+ Bedrooms | 86 | 142 | +65.1% |
Summary: The Provo-Orem housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 96.6%, 3 bedroom homes increased by 89.1%, 4 bedroom homes increased by 62.3%, and 5+ bedroom homes increased by 65.1%.
Days on Market for Provo-Orem, UT
How long does it take to sell a home in Provo-Orem, UT?
Average Listing Age
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 Days | 61 Days | -15.7% |
Summary: Homes in Provo-Orem had an average listing age of 61 days in May 2024, down by 15.7% compared to the previous month.