Orem, UT Home Values & Market Trends
Real estate market trends reflect that there have been 914 transactions over the past year in Orem. The median value for residential home transactions that occurred over the previous year is $510,493. The number of current listings in Orem is 1,088, and the percentage of properties for sale in the city is 1088.00%. Orem, UT currently has 41 properties in foreclosure, 2 bank owned properties, 6 properties headed for auction, and 1,088 properties for sale.
Orem, UT Real Estate Market Overview
Housing Market Summary for Orem, UT
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $519.3K | $512.5K | -1.31% |
| Median Sold Price | $537.2K | $500K | -6.91% |
| Homes For Sale | 698 | 1,091 | 56.30% |
| Homes Sold | 588 | 499 | -15.14% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Orem, UT
Browse Homes in Orem, UT
Orem home values range from $229,900 to $10,414,211. The median estimated value of a home in Orem is $510,493. The median list price of a home is 510,000, and the total count of properties in the city is 1,658.
- Pre-ForeclosurePre-foreclosure homes account for 1.99% of all residential properties in Orem, UT with 84057 containing 17 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Orem, UT; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,099,820 in 84097 to the lowest home value of $251,469 in 84058.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Orem, UT ranges from the highest value of $511,395 in 84097 to the lowest value of $309,000 in 84057. Bank owned homes and properties account for 0.12% of properties in Orem, UT. There are 3 zips within Orem, UT; 84097 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions84097 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Orem, UT. Auction homes and other auction properties account for 0.36% of all properties in Orem, UT. There are 3 zips within Orem, UT; of those zips, the median estimated home value for homes going to auction ranges from $1,531,561 in 84057 to the lowest value of $480,637 in 84057.
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More Real Estate Resources for Orem, UT
Guide for Orem, UT
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
