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
Key Takeaway
The list price of homes in Provo-Orem has decreased by 5.3% since April.
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.
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.