Orem, UT Housing Market
The Orem housing market is somewhat competitive. Homes in Orem receive 2 offers on average and sell in around 40 days. The median sale price of a home in Orem was $477K last month, up 5.1% since last year. The median sale price per square foot in Orem is $231, up 0.4% since last year.
Orem Housing Market Trends
In March 2024, Orem home prices were up 5.1% compared to last year, selling for a median price of $477K. On average, homes in Orem sell after 40 days on the market compared to 29 days last year. There were 54 homes sold in March this year, up from 54 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Orem housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 41 days.
- Hot homescan sell for about 1% above list price and go pending in around 11 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 37 days.
- Hot homescan sell for about 1% above list price and go pending in around 9 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 26 days.
- Hot homescan sell for about 1% above list price and go pending in around 17 days.
Orem Migration & Relocation Trends
- Across the nation, 0.54% of homebuyers searched to move into Orem from outside metros.
- Los Angeles homebuyers searched to move into Orem more than any other metro followed by San Francisco and Seattle.
- 70% of Orem homebuyers searched to stay within the Orem metropolitan area.
- St. George was the most popular destination among Orem homebuyers followed by Logan and Las Vegas.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 700 | ||
2 | 388 | ||
3 | 177 | ||
4 | 163 | ||
5 | 156 | ||
6 | 144 | ||
7 | 114 | ||
8 | 111 | ||
9 | 39 | ||
10 | 21 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 601 | ||
2 | 127 | ||
3 | 113 | ||
4 | 109 | ||
5 | 63 | ||
6 | 60 | ||
7 | 58 | ||
8 | 58 | ||
9 | 51 | ||
10 | 45 |
View houses in Orem that sold recently
Recently sold homes
- -- Last List Price5 beds3 baths2,646 sq ft561 S 440 W, Orem, UT 84058Christian Heathcote • Fathom Realty (Orem)Days on Market—561 S 440 W, Orem, UT 84058
- -- Last List Price5 beds3.5 baths4,609 sq ft474 W 4630 N, Provo, UT 84604Teressa Miller • Fathom Realty (St George)Days on Market—474 W 4630 N, Provo, UT 84604
- -- Last List Price3 beds2.5 baths1,661 sq ft1089 W 1970 S, Orem, UT 84058Tema Laussen • Realtypath LLC (Home and Family)Days on Market—1089 W 1970 S, Orem, UT 84058
- -- Last List Price3 beds2 baths946 sq ft155 S 1200 W #101, Orem, UT 84058Derrick Wademan • Realtypath LLC (South Valley)Days on Market—155 S 1200 W #101, Orem, UT 84058
- -- Last List Price5 beds2.5 baths2,632 sq ft585 E 600 S, Orem, UT 84097Hector Delgado • Innova Realty IncDays on Market—585 E 600 S, Orem, UT 84097
- -- Last List Price5 beds2 baths2,494 sq ft234 S 335 W, Orem, UT 84058Veronica Rosales • Coldwell Banker Realty (Provo-Orem-Sundance)Days on Market—234 S 335 W, Orem, UT 84058
- -- Last List Price3 beds1.5 baths1,235 sq ft175 E 400 N, Orem, UT 84057Norman Klein • Equity Real Estate (Advantage)Days on Market—175 E 400 N, Orem, UT 84057
- -- Last List Price3 beds2 baths1,222 sq ft1735 W 180 S, Orem, UT 84058Christopher Nehren • Atlas Real Estate, LLCDays on Market—1735 W 180 S, Orem, UT 84058
See all recently sold homes in Orem.
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Schools in Orem
- Elementary
- Middle
- High
GreatSchools Rating
10/10 Edgemont School Public • K-6 | 666 Students | 3 reviews |
8/10 Orchard School Public • PreK-6 | 784 Students | 1 reviews |
8/10 Rock Canyon School Public • K-6 | 583 Students | 5 reviews |
8/10 Scera Park School Public • PreK-6 | 411 Students | 4 reviews |
8/10 Orem School Public • PreK-6 | 763 Students | 3 reviews |
Climate's impact on Orem housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Orem.
Flood Factor - Minor
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
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Transportation in Orem
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Bike Score®
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