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City-owned Homes And Land 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 $556,867.
In Orem, UT, how many homes are available?
There are currently 156 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 suburban city nestled in Utah County, known for its close-knit community and excellent educational options. Home to Utah Valley University, Orem provides access to a variety of outdoor activities, cultural events, and community services. With its beautiful landscapes and family-oriented amenities, it is an attractive place to call home.

Current Market Conditions in Orem, UT

The real estate market in Orem is currently competitive with a mix of single-family homes, townhouses, and condominiums. Home prices have been steadily increasing due to high demand and low inventory, making it a favorable area for sellers. Buyers are motivated as they look for homes that offer good value while accommodating families and individuals alike.

Home Value Estimator For Orem, UT

There are currently 21,860 real estate properties in Orem, UT, with a median automated valuation model (AVM) price of $521,017.00. 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 $556,867.00, 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 City-owned Homes And Land

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