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Bankruptcy Homes in Orem, UT

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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 124 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, Utah, is a flourishing city known for its friendly community, excellent educational opportunities, and access to stunning outdoor recreation. With a rapidly growing economy and family-oriented living, Orem offers a balanced lifestyle for its residents. The city is surrounded by beautiful mountains and parks, catering to both nature lovers and urban dwellers alike.

Current Market Conditions in Orem, UT

The Orem real estate market is currently seeing a steady demand, with a mix of new construction and existing homes. The area is becoming increasingly popular due to its excellent schools and family-friendly atmosphere, encouraging a stable increase in property values.

In the last few months, there has been a noticeable trend of increasing inventory levels, indicating potential for buyers in the market. Prices have remained relatively stable as the area continues to attract new residents, contributing to a healthy market dynamics.

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 Bankruptcy Homes

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