Name: Orem Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Orem, Utah in 2026?

Accepted Answer

As of July 2026, the median home price in Orem, Utah is $507,000, which is 3.4% below the Utah state median of $525,000. Home prices in Orem range from $245,000 to $4,995,000, with an average sale price of $550,997. These figures are based on recent closed transactions in the Orem real estate market.

Question 2

Is Orem, Utah a buyer's or seller's market?

Accepted Answer

Orem, Utah is currently a warm market that leans slightly toward sellers. Key indicators include an average sale-to-list price ratio of 98.9% and homes spending an average of 49 days on the market. Orem’s median home price is about 3.4% below the Utah average, while homes sell faster (49 days vs 61 state) and at a higher sale‑to‑list ratio (98.9%).

Question 3

How long do homes stay on the market in Orem?

Accepted Answer

Homes in Orem, Utah spend an average of 49 days on the market before going under contract compared to the Utah state average of 61 days (20.6% below average). This is a moderate pace, giving buyers some time to make decisions. Properties that are priced competitively and show well tend to sell fastest.

Question 4

How many homes are for sale in Orem, Utah?

Accepted Answer

As of July 2026, there are 171 active homes for sale in Orem, Utah with 315 new listings added recently. In the most recent reporting period, 184 transactions closed in Orem. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

What county is Orem, Utah in?

Accepted Answer

Orem is located in Utah County, Utah. Utah County currently has 171 active home listings in Orem with a median price of $507,000. Browsing the Utah County real estate market on Propaired surfaces listings across all cities in the county.

Question 6

Are there new construction homes for sale in Orem, Utah?

Accepted Answer

Yes — Orem currently has 315 new listings recently added to the market, with prices starting from $245,000. New construction homes (year built ≥ 2025 or builder-flagged in MLS) can be found using the "New Construction" filter on Propaired. The overall median home price in Orem is $507,000.

Question 7

What types of homes are available in Orem?

Accepted Answer

Orem, Utah offers a diverse range of properties. The area is known for: affordable, family-friendly, college-town, diverse, good-schools, shopping. You can find single-family homes, townhomes, condos, and in some areas luxury estates and new construction. College town atmosphere adjacent to Provo. Affordable, good schools, diverse population, shopping centers, family activities. Use AI-powered search on Propaired to filter by property type, price range, and lifestyle features.

Question 8

What is Orem, Utah known for?

Accepted Answer

College town atmosphere adjacent to Provo. Affordable, good schools, diverse population, shopping centers, family activities. Growing job market.

Median Price

$507,000

Active Listings

171

Avg Days on Market

49 days

Price Range

$245,000 – $4,995,000

Population

100,000

affordablefamily-friendlycollege-towndiversegood-schoolsshopping

Question 9

How does Orem compare to the Utah state average?

Accepted Answer

Orem home prices are 3.4% below the Utah state median of $525,000, with a local median of $507,000. Homes sell faster than the state average — 49 days in Orem vs 61 days statewide (20.6% below average). The sale-to-list ratio is 98.9% locally vs 99.0% statewide.

Question 10

Are homes in Orem more expensive than the Utah average?

Accepted Answer

No, homes in Orem are more affordable than the Utah state average. The median home price in Orem is $507,000, compared to the statewide median of $525,000 — a difference of $18,000 (-3.4%). This makes Orem an attractive option for buyers seeking value in Utah.

Question 11

Do homes sell faster in Orem than the rest of Utah?

Accepted Answer

Yes, homes in Orem sell faster than the Utah average. The average days on market in Orem is 49 days, compared to 61 days statewide (20.6% below average). This faster pace signals strong buyer demand in the area. The overall market temperature is considered warm.

Question 12

How have home prices changed in Orem over the past year?

Accepted Answer

Home prices in Orem, Utah have remained flat by 0.0% over the past year. The median sale price went from $505,000 to $505,000. This slight correction may create buying opportunities for prospective homeowners. Check the Orem market trends section above for detailed charts.

Question 13

Is the Orem housing market heating up or cooling down?

Accepted Answer

The Orem housing market is currently showing mixed signals, with prices down 0.0% year-over-year and days on market decreasing by 3.5%. The market temperature is rated "warm" based on current conditions. Orem’s median home price is about 3.4% below the Utah average, while homes sell faster (49 days vs 61 state) and at a higher sale‑to‑list ratio (98.9%). Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 14

What were Orem home prices this time last year?

Accepted Answer

In July 2025, the median home sale price in Orem, Utah was $505,000. Today, the median is $505,000, representing a change of 0.0% (Contact for Price decrease). During that same period, the average days on market went from 48 to 46 days.

Question 15

What is the current market outlook for Orem, Utah?

Accepted Answer

The Orem residential market remains on the warmer side of balanced. Over the last three months the median closed price sits at $507,000, just 3.4 % under the Utah median, yet it posted a 1 % month‑over‑month increase, showing price resilience even as 30‑year mortgage rates edged higher from 6.10 % in January to 6.49 % in July. Buyers are moving quickly, with homes spending an average of 49 days on market—20 % less than the state average—and achieving a 98.9 % sale‑to‑list ratio, suggesting that listings are priced competitively and demand remains robust.

Economic fundamentals are mixed but generally supportive. The Fed Funds rate has held steady at 3.63 %, while unemployment stays low (Utah 3.6 %, national ~4.2 %), and consumer sentiment is flat, indicating no major macro‑headwinds. However, the gradual rise in mortgage rates and a slight dip in RE sentiment (state 49‑51) could temper enthusiasm. The recent opening of Tri Pointe’s Canyon Park redevelopment on the former WordPerfect site adds new single‑family inventory, which may help balance supply without triggering a sharp price correction. Overall, Orem offers a slightly more affordable entry point than the broader Utah market, with fast sales and solid price momentum, making it an attractive option for buyers willing to act promptly. The market temperature is rated "warm." Orem’s median home price is about 3.4% below the Utah average, while homes sell faster (49 days vs 61 state) and at a higher sale‑to‑list ratio (98.9%).

Question 16

What are the key highlights of the Orem housing market?

Accepted Answer

Key highlights of the Orem, Utah housing market include: Median price rose 1.0% month‑over‑month, edging toward the state median despite a 3.4% price gap.. Days on market are 20% lower than the Utah average, indicating strong buyer demand.. Mortgage rates have crept up from 6.10% to 6.49% over the past six months, adding modest cost pressure.. New development such as Tri Pointe’s Canyon Park adds inventory and may ease the shortage of single‑family homes.. These insights are derived from recent MLS transaction data and local market analysis.

Question 17

What is the price range for homes in Orem, Utah?

Accepted Answer

Homes in Orem, Utah range from $245,000 to $4,995,000, with a median price of $507,000. The standard deviation is $581,681, indicating a wide spread of home values across neighborhoods. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 18

What are the best schools in Orem, Utah?

Accepted Answer

Orem has 23 schools. The top-rated schools based on state performance scores include: Timpanogos High (60% score), 1,570 students; Orchard School (58.7% score), 589 students; Lumen Scholar Institute (58.5% score), 458 students. School ratings are based on Utah State Board of Education achievement and growth metrics. Explore all Orem schools and nearby homes for sale on Propaired.

Question 19

How do Orem schools compare to the state average?

Accepted Answer

Of the 23 schools in Orem, 1 (4%) are rated as high-performing and 1 have strong academics indicators. Families should research individual school ratings on our Orem schools page for detailed performance breakdowns.

Question 20

Are there STEM or specialty schools in Orem?

Accepted Answer

Yes, Orem has 2 schools with STEM excellence indicators, including Canyon View Jr High, Orchard School. These schools demonstrate above-average performance in math, science, or both according to Utah state assessments.

Question 21

What outdoor recreation is near Orem, Utah?

Accepted Answer

Orem offers excellent access to outdoor recreation. Nearby options include: airport (Provo Municipal Airport, 9.0km away); boat ramp (Lindon Boat Harbor, 6.8km away); climbing (Rock Canyon, 8.3km away); fishing (Provo River, 9.6km away); golf course (Cascade Fairways Golf Course, 3.5km away); hot springs (Saratoga Hot Springs (Inlet Park), 18.9km away). Utah's diverse terrain provides year-round recreation opportunities within easy reach of Orem homes.

Question 22

Is Orem good for skiing and outdoor activities?

Accepted Answer

Yes! Orem has excellent access to skiing at Sundance Resort (13km), 5 hiking trailheads, 1 fishing spot. With ski resorts within 13km, it's a top choice for winter sports enthusiasts. Browse homes in Orem and filter by lifestyle tags like "ski property" or "trailhead hiking" on Propaired.

Question 23

What amenities are near homes in Orem?

Accepted Answer

Orem has convenient access to essential amenities including 5 banks, 5 cafes, 5 campgrounds, 5 daycares, 5 dentists, 5 doctorss. These services are within the city limits or nearby, making daily life convenient for residents. Propaired's listing pages include amenity proximity scores so you can evaluate each property's access to services.

Question 24

Are there hospitals and medical facilities in Orem?

Accepted Answer

Yes, Orem has access to 5 hospitals (including Provo Veterans Center) and 5 pharmacies. The nearest hospital, Provo Veterans Center, is 0.6km from the city center. Healthcare accessibility is an important factor when choosing a neighborhood.

Question 25

What is the internet quality in Orem, Utah?

Accepted Answer

Orem has an average broadband download speed of 9871 Mbps and 98% of homes have access to fiber internet. Top internet providers include Utah Telecommunication Open Infrastructure Agency, Xfinity. This is above average for Utah, supporting remote work and streaming. Residents have an average of 13.9 provider options.

Question 26

Are single-family homes or condos a better investment in Orem?

Accepted Answer

In Orem, single-family homes have a median price of $565,000 (+0.4% YoY), while townhomes/condos are $422,000 (+5.5% YoY). SFRs sell in 31 days vs 40 days for condos. Condos offer a lower entry point with competitive returns. Both property types are available with AI-powered search on Propaired.

Question 27

What is the price per square foot in Orem?

Accepted Answer

The median price per square foot in Orem, Utah is $234. The average home size is 2,486 sqft. This metric helps compare value across neighborhoods and property types — a lower price per sqft may indicate better value, while higher prices often reflect premium locations or finishes.

Question 28

Is now a good time to buy a home in Orem, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.49% and Utah's unemployment rate is 3.6%, with Orem's market rated as "warm." Prices are stabilizing at 0.0% year-over-year. Strong demand means well-priced homes move quickly — being pre-approved helps. Market timing depends on your personal financial situation and goals.

Question 29

When is the best time to buy a home in Orem?

Accepted Answer

Historically, June offers the most new listings in Orem, giving buyers the widest selection. Spring (April–June) typically sees the most inventory while winter months often have less competition and potentially more motivated sellers. However, Utah's growing market means opportunities exist year-round. Set up alerts on Propaired to be notified when new listings match your criteria.

Question 30

Is Orem a safe place to live?

Accepted Answer

Orem has a safety rating of 5.0 out of 10 (10 = safest) based on 2024 BCI NIBRS data. The overall crime rate is 44.2 per 1,000 residents, which is 5% below the statewide average, making it moderate in terms of crime. The violent crime rate is 9.5 per 1,000 residents and the property crime rate is 25.1 per 1,000 residents. (Population: 94,571)

Question 31

What is the crime rate in Orem?

Accepted Answer

In 2024, Orem's total NIBRS crime rate was 44.2 offenses per 1,000 residents. This includes crimes against persons (9.5 per 1K), property crimes (25.1 per 1K), and crimes against society. For comparison, the statewide average is approximately 46.4 per 1,000 residents. Source: Bureau of Criminal Identification NIBRS report.

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

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Contact for Price

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