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Foreclosure Homes in Orem, UT 84097

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Orem, UT Foreclosures

Current Market Conditions in in Orem, UT As of February 2026?
Over the past month, the Orem real estate market has seen a significant increase in the number of listings, which has led to a slight dip in average home prices. This increase in inventory has given potential buyers more options, allowing for more competitive offers and negotiations. The median home price is stabilizing but is still on an upward trend compared to last year. The overall market remains robust, and interest from out-of-state buyers continues to shape buyer pressure in the area.
How much do homes sell for in Orem, UT?
The average home price is currently $562,970.
In Orem, UT, how many homes are available?
There are currently 20 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, UT is a bustling suburban city known for its family-friendly environment and access to beautiful outdoor spaces. With a strong sense of community, Orem provides quality education options, various recreational activities, and a range of amenities that make it an ideal place to live. Its proximity to Provo and Salt Lake City enhances its appeal, offering both relaxation and excitement.

Buyer vs Seller Market in Orem, UT

The real estate market in Orem, UT is currently experiencing a steady growth pattern, with a slightly increasing trend in home prices. As it remains a desirable location for families and young professionals, demand for properties in Orem continues to rise. With its good schools and community facilities, Orem displays signs of resilience amidst broader market fluctuations.

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 $514,437.00. 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 $562,970.00, 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 84097 Foreclosures

Market Trend for Orem, UT

Total Listings Available: 20

Market Values:

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

Average Sales Price: $562,970

Rental Values:

Rental from $670 to $3,640

Average Rent Value: $1,896 / month

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