Photo: Ntsimp · Public domain634 homes sold in Orem in the last year, at a typical $510K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Orem homes are listed.
Every place Orem homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Orem.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
14% of Orem’s sales are condos, at $277K less than a house
410 houses and 90 condos sold in the year to May 2026. Houses sell faster.
typical sale · 410 sold in 12 months
- Per square foot
- $230UT $247
- Days to sell
- 46
- Sold over asking
- 23%
- Listings with a price cut
- 34%
typical sale · 90 sold in 12 months
- Per square foot
- $285UT $403
- Days to sell
- 55
- Sold over asking
- 24%
- Listings with a price cut
- 32%
Multi-family (2–4 units): 21 sold, typical $773K
Townhouses: 113 sold, typical $460K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at twice the 2016 price
634 sales in the last year, against 1,086 in 2021 and a low of 581 in 2023. The typical sale went from $239K in 2016 to $510K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $500K buys in Orem
Check a listing against what Orem homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Orem are rarer than before the pandemic, with about as many homes for sale
We read every month of Orem’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 634 sales.
If you’re buying in Orem
- Shop in August. It brings about 103 new listings a month, close to the busiest month, with fewer bidding wars (35% over asking).
- Some room to negotiate. 33% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 98.7% of the list price on average; 22% paid over.
- You’ll usually have time. Only 28% of homes go under contract within two weeks; the typical one takes 47 days.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 112 a month), but March is the most competitive: 43% of March sales close over asking. July and August offer nearly as much choice with fewer homes bid up (39%). October has the least competition (31%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Utah as a whole
| Orem now | 2017–19 | 2021 peak | UT now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 22% | 33% | 62% | 21% |
| Gone within two weeksShare of homes under contract within 14 days | 28% | 47% | 71% | 27% |
| Listings with a price cutShare of homes for sale that cut their price | 33% | 31% | 28% | 29% |
| Price paid vs. askingAverage sale price ÷ list price | 98.7% | 99.4% | 102.6% | 98.6% |
| Days to sellMedian days from listing to contract | 47 | 24 | 9 | 54 |
171 homes for sale on a typical day
That’s 2.4 times the 2021 low (71), about the 2017–19 level and well under 2014’s 379.
1 in 3 listings has cut its price
33% in the last year, against 31% in 2017–19 and 29% across Utah.
Since 2019, houses are up 69%, condos 51%
A house typically sold for $556K in the last year (410 sales), a condo for $279K (90).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Orem ranks 48th of 94 busy Utah markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Orem is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Orem home costs about $2,834 a month
Price: Orem’s typical sale, last 12 months. Property tax at Orem’s 0.4% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Orem is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 44.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $510K home, about $2,080 a year.
Taxes vs. neighborsSchools
The schools grade for Orem, from test results, graduation and how much students grow.
Schools in OremCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Vineyard and Cedar Hills sell for less a square foot
The busier markets within 25 miles of Orem, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Provo | 759 | $467K | $253 | 18% | 44 |
| Orem | 634 | $510K | $236 | 22% | 47 |
| American Fork | 442 | $515K | $242 | 24% | 46 |
| Pleasant Grove | 352 | $540K | $245 | 24% | 38 |
| Vineyard | 136 | $646K | $222 | 20% | 48 |
| Lindon | 95 | $748K | $233 | 23% | 60 |
| Cedar Hills | 81 | $670K | $212 | 21% | 49 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Orem, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Orem. People who follow the town see it, and so do people comparing Orem with their own town. No commission, no listing fee.
Questions about buying a home in Orem
What do homes sell for in Orem, UT?
634 homes sold in the year to May 2026 at a typical $510K, $236 a square foot. Houses sold for about $556K, condos for about $279K.
Is Orem a buyer’s or seller’s market?
A seller’s market: 189 homes were for sale in May 2026 and 48 sold, about 3.9 months of supply. Buyers paid 98.7% of asking on average, and 33% of listings cut their price.
When is the best time to buy in Orem?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Orem?
About 0.4% of a home’s value a year. On a $510K home that’s near $2,080.
Where can I see homes for sale in Orem?
Zillow, Redfin, Realtor.com and Homes.com all carry Orem’s MLS listings; the search links above open each one filtered to Orem.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).