Orem Market Report
$721,967
AVERAGE PRICE OF 235 HOMES$400,000
AVERAGE PRICE OF 1 DISTRESSED HOMES$1,859,449
AVERAGE PRICE OF 37 MULTI-MILLION DOLLAR HOMES$1,016,790
AVERAGE PRICE OF 10 NEWLY BUILT HOMES$1,051,200
AVERAGE PRICE OF 18 HOMES WITH A POOL$705,537
AVERAGE PRICE OF 16 REDUCED PRICE HOMESAverage Home
| Average Price | $721,967 |
| Avg Bedrooms | 4.01 beds |
| Avg Bathrooms | 2.68 baths |
Average Price by Bedrooms
| 2 bedrooms | $304,740 |
| 3 bedrooms | $486,682 |
| 4 bedrooms | $538,915 |
| 5 bedrooms | $640,682 |
Orem Home Price Trends
| 8/2024 | 7/2024 | 6/2024 | 5/2024 | 4/2024 | |
|---|---|---|---|---|---|
| Total Listings | 233 | 219 | 208 | 178 | 168 |
| Average Price | $706,585 | $697,756 | $720,354 | $715,151 | $739,862 |
| Avg Price Change | +1.27% | -3.24% | +0.73% | -3.46% | +1.48% |
| Median Price | $541,605 | $527,536 | $521,877 | $515,850 | $516,702 |
| Med Price Change | +2.67% | +1.08% | +1.17% | -0.17% | +0.19% |
| Avg Bedrooms | 4.03 beds | 3.99 beds | 3.93 beds | 3.84 beds | 3.79 beds |
| Avg Bathrooms | 2.67 baths | 2.7 baths | 2.68 baths | 2.57 baths | 2.57 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Mountain View | 85 | $528,733 | 82 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 235 | $721,967 | 77 days |
| Distressed Homes | 1 | $400,000 | 46 days |
| Multi-Million Dollar Homes | 37 | $1,859,449 | 158 days |
| Newly Built Homes | 10 | $1,016,790 | 79 days |
| Homes with a Pool | 18 | $1,051,200 | 49 days |
| Reduced Price Homes | 16 | $705,537 | 44 days |
