Orem, UT Housing Market

$499,025

1.4% 1-yr

The average Orem, UT home value is $499,025, up 1.4% over the past year and goes to pending in around 26 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Orem Key Takeaways

Typical Home Values: $499,025

1-year Value Change: +1.4%

(Data through March 31, 2025)

Orem Housing Market Overview

--1-year Market Forecast

149For sale inventory(March 31, 2025)

52New listings(March 31, 2025)

0.994Median sale to list ratio(February 28, 2025)

$493,844Median sale price(February 28, 2025)

$514,150Median list price(March 31, 2025)

25.1%Percent of sales over list price(February 28, 2025)

56.0%Percent of sales under list price(February 28, 2025)

26Median days to pending(March 31, 2025)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Orem

NameMedian ZHVI
Sharon Park$431,509
Orem Park$501,513
Suncrest$441,734
Stonewood$520,093
Orem$520,645
Geneva Heights$422,556
Orem North$467,784
Cascade$562,206
Sunset Heights East$582,183

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Orem Homes for Sale

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Orem Rental Market Trends

$1,477Average rent in Orem(March 31, 2025)

$2,005National average rent(March 31, 2025)

0.8%Month-over-month change(March 31, 2025)

0.7%Year-over-year change(March 31, 2025)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.