What's Your Orem Home Worth?
Get a free, no-obligation valuation of your Orem home from a local expert — not an automated guess. We price it against the homes actually selling in your neighborhood right now.
- Comparable sales from your part of Orem
- A price range and a strategy for your timeline
- A short call, video or in-person visit
- No obligation, no listing pressure
Request your Orem home valuation
A local agent reviews it personally and sends your number — usually same day.
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A Orem agent is preparing your home value now. Watch your email and phone.
Orem home values right now
What Orem homes are actually selling for
The quickest way to sanity-check any number you've seen for your house is to look at what the market is doing now. These figures come from closed sales in the MLS and refresh automatically.
42 residential sales closed in October 2026. Typical asking price today: $529,000. 249 homes for sale. Year-over-year compares October 2026 with the same month last year.
Are Orem home prices dropping?
Not across the board. The median sale price is within 1.4% of where it was a year ago, which is a flat market, not a falling one. One month's median moves with whichever homes happened to sell, so read it as a direction, not a precise change for your home. What has changed is leverage: a home priced right still sells, while one priced on last year's optimism sits and often ends up selling for less.
Is Orem a buyer's or seller's market?
With about 5.9 months of supply, the market is roughly balanced. Under about four months usually favors sellers; over six favors buyers. Homes are closing at about 98.8% of list price, so most sellers are negotiating a little, not taking big cuts. The citywide number hides a lot. A move-in-ready home in a popular neighborhood can still draw quick offers while a dated one nearby waits, and that gap is what a home-by-home analysis is for.
Median sale prices by neighborhood in Orem
| Neighborhood | Median sale price | Homes sold | For sale now |
|---|---|---|---|
| Lakeview | $465,000 | 15 | 4 |
| Beverly Place | $478,000 | 6 | 1 |
| Chambery | $315,000 | 6 | 0 |
| Stonebrook | $271,000 | 5 | 0 |
| Country Woods Condos | $282,000 | 5 | 2 |
Closed residential sales over the last 12 months, from the MLS. Neighborhoods with fewer than five sales aren't shown. Area medians are a starting point, not an answer: two homes on the same street can sell far apart once size, lot, layout and condition are counted, and a median moves with whatever mix of homes happened to sell.
Selling a home in Orem
Orem is a mostly built-out Utah County city of about 95,000, home to Utah Valley University, the state's largest university by enrollment. FrontRunner stops at Orem Central, the UVX bus line connects UVU, BYU and Provo, and I-15 runs along the west side. Orem's population has dipped slightly since 2020, so most buyers are choosing between existing homes, and condition and location within the city do most of the pricing.
Values vary by area and home type. East bench homes with valley and Utah Lake views, established family neighborhoods across the middle of the city, and the many condos and townhomes near UVU and the freeway all sell to different buyers, as the neighborhood table above shows.
A CMA from a local agent matches your home with sales of the same type and age in the same part of Orem, then adjusts for updates, basement finish, garage, lot and view.
From a person, not an algorithm
What you get with a free Orem home valuation
A real comparative market analysis from a local agent, the same document we'd prepare for a client deciding whether to list.
Comparable sales
Recent closed sales and active listings near you in Orem, pulled from the same MLS data an appraiser will use.
A price range and a strategy
A realistic range with the reasoning behind it, and the trade-off between pricing to sell quickly and testing the top of the range.
A short consult
Phone, video or in person, your pick. A conversation about your timeline and options, with no obligation to list.
The method
How we figure out what your Orem home is worth
A comparative market analysis answers one question: what will a ready buyer pay for this home right now? It's the same way an appraiser will look at your home if the buyer finances the purchase.
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1
Pull the right closed sales
Utah is a non-disclosure state, so sale prices aren't in public records. We start with closed MLS sales, ideally from your own neighborhood in Orem, from the last three to six months, and close to your home in size, age and style. In a slow pocket we look farther out or farther back, and we tell you when we did.
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2
Adjust for what's different
No comparable sale is identical. We adjust each one for living area, basement finish, lot, garage, views, age and updates. A comp with a brand-new kitchen sold for more than a home without one will, and we account for it.
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3
Read the competition
Closed sales show what happened. Active and pending listings show what a buyer will compare you with next weekend, and expired listings show the prices buyers turned down.
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4
Land on a range, then a strategy
You get a realistic price range, a likely sale price and an expected time on market. Then we talk through how to use it, so you know the trade-off before you decide.
Local factors
What moves home values in Orem
National valuation tools treat a square foot the same everywhere. Buyers here don't. These are the details that most often separate two Orem homes that look identical on paper.
East bench views
Homes on Orem's east bench with views across Utah Valley and the lake sell in a higher tier than similar homes lower in town. View quality varies street by street. Compare current homes with views.
Short-term rentals aren't allowed
Orem's city code currently prohibits short-term rentals, and the city is still drafting a licensing ordinance. A home can't be priced on nightly rental income.
Accessory apartments and ADUs
Orem allows accessory apartments inside owner-occupied single-family homes. Detached ADU rules were being updated in 2026 after a new state law requiring them on lots of 11,000 square feet or more, so check current city rules before counting on a backyard unit.
Condos and townhomes near campus
Orem has a large share of condos and townhomes, especially near UVU. They're priced against each other, with HOA dues and rental rules part of the comparison, and rental demand near campus matters to investors.
Established homes and updates
Much of Orem was built in earlier decades. Updated kitchens and baths, newer windows, roofs and furnaces set the top of the range, and documented work helps with buyers and appraisers.
No citywide secondary water
Orem doesn't have a citywide secondary irrigation system, so most lawns are watered with culinary water. On larger lots that affects watering costs, and desert-friendly landscaping can be a plus.
Schools are changing
Orem is in Alpine School District today and moves to the new Timpanogos School District, shared with Lindon, Pleasant Grove and Vineyard, on July 1, 2027. High school boundaries were also being adjusted, so buyers check by address.
Know which number you're looking at
Online estimate, CMA or appraisal?
You can get a number for your house in ten seconds from Zillow, Redfin or Realtor.com, and it's a fine place to start. Just know what's behind it. Automated estimates read public records and listing data, and here they often can't see what homes actually sold for. They also can't see your remodeled kitchen, your finished basement or the view from your back patio.
| Online estimate | CMA from a local agent | Appraisal | |
|---|---|---|---|
| Who prepares it | An algorithm | A licensed agent who knows the area | A licensed appraiser |
| What it sees | Public records and listing data | MLS sales, current competition, your home's condition and updates | Closed sales and an inspection of the home |
| Cost | Free | Free | Usually several hundred dollars |
| Turnaround | Instant | Usually within one business day | About a week or more |
| Best for | A rough idea | Deciding whether, when and at what price to sell | A mortgage, refinance, estate or legal matter |
One more number you'll see is the county assessor's market value on your valuation notice. It's set as of January 1 for tax purposes, and a primary residence is taxed on 55% of it because of Utah's 45% residential exemption. It's useful, but it isn't a sale price, so don't price your home from your tax notice.
Before you list
Getting the most for your Orem home
The best return usually comes from the unglamorous work, not a rushed remodel.
- Service the HVAC. Inspectors check heating and cooling first. A recent service record makes buyers more confident.
- Clean up the outside. Trimmed trees, fresh mulch or rock and working sprinklers are a cheap way to improve the first photo.
- Paint and light. Fresh neutral paint and bright bulbs do more for photos and showings than almost anything else at the same cost.
- Fix the small items now. Leaky faucets, cracked tile and worn caulking show up in inspection reports and turn into repair requests.
- Gather your paperwork. HOA documents, any solar agreement, warranties, permits for a finished basement or addition, and records of upgrades answer buyer questions before they turn into negotiation.
- Skip the big remodel. A new kitchen right before listing rarely pays back in full. We'll tell you which updates are worth it for your price range.
Not selling yet? Other good reasons to know your value
Plenty of the valuations we prepare are for owners who aren't listing at all. Knowing what your home would sell for helps when you're:
- • Considering a refinance or HELOC, so you know roughly how much equity you have before a lender orders an appraisal.
- • Deciding whether to sell or rent it out, by putting the likely sale price next to what the home could rent for.
- • Handling an estate, a divorce or a relocation, where everyone needs a realistic number. A court or lender will usually still require a formal appraisal.
- • Planning a move up or down, so you can see what you could afford next before you start shopping.
Orem home value FAQs
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Homes by school in Orem
Buyers often value a home by its attendance area. See what's for sale near Orem schools.
Home values in nearby cities
Ready to know what your Orem home is worth?
A local expert valuation beats any online estimate — and it's free.
Market figures are sourced from the Regional Multiple Listing Service and refreshed regularly; information is deemed reliable but not guaranteed and should be independently verified. A home valuation is an estimate, not an appraisal.