Provo, UT Foreclosures
How much do homes sell for in Provo, UT?
The average home price is currently $561,451.
In Provo, UT, how many homes are available?
There are currently 3 active home listings available in Provo.
What’s the average rental cost in Provo, UT?
The average rental price in Provo is $1,787.
What is the most expensive home in Provo?
The most expensive home sold in Provo had a price of $27,057,327.
What is currently the cheapest priced home in Provo, UT?
The cheapest home for sale in Provo is priced at $52,103.
Living in Provo, UT
Provo, UT, is a picturesque city that combines stunning natural landscapes with a vibrant community atmosphere. Home to Brigham Young University, Provo features a rich cultural scene and offers numerous outdoor activities. With excellent schools, amenities, and a strong job market, it is an ideal location for families and investors.
Current Market Conditions in Provo, UT
The real estate market in Provo has been experiencing steady growth, driven by an influx of new residents and a strong demand for housing. Homes in Provo are selling quickly, often at or above asking prices, indicating a competitive market. Investors can capitalize on the rising demand, as the city continues to develop and attract new families and professionals.
In recent years, the area has seen an increase in new construction projects, including residential developments and commercial spaces. This growth reflects the city’s commitment to enhancing infrastructure and accommodating its growing population. As Provo's reputation as a desirable place to live continues to spread, property values are expected to rise, making now a potentially lucrative time for investment.
Home Value Estimator For Provo, UT
There are currently 20,597 real estate properties
in Provo, UT,
with a median automated valuation model (AVM) price
of $502,381.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Provo, 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 Provo, UT,
is $561,451.00, with the most expensive house
in Provo, UT, topping out
at $27,057,327.00 and the cheapest home
in Provo, UT,
clocking in at $52,103.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Provo, UT!
Rent Prices
In Provo, UT
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Provo, UT, is on
a rollercoaster ride. The
average rent price in Provo, UT,
is $1,787.00. Indeed, when looking to rent in
Provo, UT, you can expect to pay as little
as $590.00 or as much
as $3,930.00,
with the average rent median estimated to
be $1,700.00. The good news is that finding
an affordable and desirable property to rent in Provo, 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.
Learn more on Foreclosure homes
