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Foreclosure Homes in Orem, UT 84057

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Orem, UT Foreclosures

How much do homes sell for in Orem, UT?
The average home price is currently $565,548.
In Orem, UT, how many homes are available?
There are currently 64 active home listings available in Orem.
What’s the average rental cost in Orem, UT?
The average rental price in Orem is $1,896.
What is the most expensive home in Orem?
The most expensive home sold in Orem had a price of $24,509,800.
What is currently the cheapest priced home in Orem, UT?
The cheapest home for sale in Orem is priced at $11,600.

Living in Orem, UT

Orem, Utah is a charming suburban city ideally situated between Utah Lake and the mountains. It boasts a family-oriented community with strong educational institutions and ample recreational activities. Residents benefit from a balanced lifestyle combining outdoor adventures with urban amenities.

Current Market Conditions in Orem, UT

The real estate market in Orem is currently experiencing steady growth, with home values increasing by about 7% over the past year. This growth is driven by a surge in demand as more individuals and families move to Utah County, attracted by the quality of life and economic opportunities. Inventory remains competitive, and potential buyers should be prepared for multiple offer situations.

Home Value Estimator For Orem, UT

There are currently 24,268 real estate properties in Orem, UT, with a median automated valuation model (AVM) price of $513,872.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Orem, UT, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Orem, UT, is $565,548.00, with the most expensive house in Orem, UT, topping out at $24,509,800.00 and the cheapest home in Orem, UT, clocking in at $11,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Orem, UT!

Rent Prices In Orem, UT

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Orem, UT, is on a rollercoaster ride. The average rent price in Orem, UT, is $1,896.00. Indeed, when looking to rent in Orem, UT, you can expect to pay as little as $670.00 or as much as $3,640.00, with the average rent median estimated to be $1,830.00. The good news is that finding an affordable and desirable property to rent in Orem, UT -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Orem, UT 84057 Foreclosures

Market Trend for Orem, UT

Total Listings Available: 64

Market Values:

Home Prices from $11,600 to $24,509,800

Average Sales Price: $565,548

Rental Values:

Rental from $670 to $3,640

Average Rent Value: $1,896 / month

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