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Single-family Foreclosures in Orem, UT 84097

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Orem, UT Foreclosures

How much do homes sell for in Orem, UT?
The average home price is currently $558,759.
In Orem, UT, how many homes are available?
There are currently 15 active home listings available in Orem.
What’s the average rental cost in Orem, UT?
The average rental price in Orem is $1,899.
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 thriving suburb known for its excellent schools, beautiful parks, and strong sense of community. It features a variety of family-oriented activities and is conveniently located near major highways for easy access to nearby cities. With a mix of outdoor adventures and urban amenities, Orem is an ideal place to call home.

Current Market Conditions in Orem, UT

The real estate market in Orem remains competitive as the demand for housing often exceeds supply. Many homebuyers are drawn to the area due to its quality school districts and community atmosphere. As a result, prices for homes have shown steady increases, which reflects broader trends in Utah County's population growth and urban development.

Home Value Estimator For Orem, UT

There are currently 21,870 real estate properties in Orem, UT, with a median automated valuation model (AVM) price of $521,194.00. 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 $558,759.00, 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 $1,899.00. 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 $1,840.00. 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 Single-family Homes

Market Trend for Orem, UT

Total Listings Available: 15

Market Values:

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

Average Sales Price: $558,759

Rental Values:

Rental from $670 to $3,640

Average Rent Value: $1,899 / month

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