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OREM, UT 84097

Real Estate Market Report  ·  Utah County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The OREM, UT real estate market (84097) currently shows 38 active listings, with 11 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 72 days on market compared to 58 days last year.

The median listing price has fallen 19.5% year-over-year, from $924,900 to $744,500.

Whether you are buying or selling in OREM, UT, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 21,774  ·  Density: 1,393.6/mi²  ·  Median household income: $92,542

Typical home value: $453,324  ·  Homeownership: 75.1%

Market Overview

Active Listings
38
⇧ 2.7% vs 37 last year
Pending
11
29% pending ratio
Median Price
$744,500
⇩ 19.5% vs $924,900 last year
Average Price
$941,691
⇩ 23.7% vs $1,234,567 last year
Days on Market
72
⇧ 24.1% vs 58 days last year

Price Per Square Foot

Median $/sqft
$244
⇩ 3.2% vs $252/sqft last year
Median Home Size
3,631 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 38 this year vs 37 last year
  • Days on market: 72 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $744,500 (-19.5% YoY)
  • Average: $941,691 (-23.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.0 miles — 1,538 listings ($1,369,855,465 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
84097Orem, UT 840970.0 mi39$41,654,418$784,950$1,068,062
84058Orem, UT 840583.0 mi47$27,919,927$587,500$594,041
84059Vineyard, UT 840594.0 mi40$27,713,560$658,425$692,839
84604Provo, UT 846045.6 mi87$172,033,017$603,500$1,977,391
84606Provo, UT 846066.7 mi46$21,233,232$452,450$461,592
84663Springville, UT 8466312.4 mi104$140,232,248$509,725$1,348,387
84043Lehi, UT 8404312.9 mi144$118,360,224$654,750$821,946
84664Mapleton, UT 8466413.3 mi255$197,142,540$461,900$773,108
84049Midway, UT 8404916.6 mi107$166,156,876$1,055,500$1,552,868
84005Eagle Mountain, UT 8400517.2 mi517$296,792,639$537,223$574,067
84092Sandy, UT 8409217.9 mi51$102,347,055$1,487,100$2,006,805
84094Sandy, UT 8409420.9 mi52$31,979,220$582,444$614,985
84070Sandy, UT 8407022.0 mi49$26,290,509$536,225$536,541

Frequently Asked Questions

How many homes are for sale in OREM, UT 84097?

As of March 2026, there are 38 active listings in OREM, UT (zip code 84097), compared to 37 the prior year.

What is the median home price in OREM, UT 84097?

The median listing price in OREM, UT 84097 is $744,500 as of March 2026, a 19.5% decrease from $924,900 the prior year.

How long do homes stay on the market in OREM, UT?

Homes in OREM, UT 84097 spend an average of 72 days on the market before going under contract, compared to 58 days the prior year.

Is it a seller's or buyer's market in OREM, UT 84097?

Based on current inventory and days-on-market data as of March 2026, OREM, UT 84097 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 72 days on market compared to 58 days last year.

How much can I save on real estate commission in OREM, UT?

With SELL123.com's maximum 3% commission, sellers in OREM, UT 84097 save an estimated $14,890 compared to a typical 5% commission on the median listing price of $744,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.