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Homes Under $500,000 in Orem, Utah
There are 97 Orem homes for sale at or under $500,000, with a median asking price of $325,000. Over the last 12 months, 287 sold in this range at a median of $412,000.
It's a mix of condos, townhomes and older single-family homes. Lakeview sells the most townhomes in this range, and Stonebrook the most condos.
97 matching · page 1 of 5
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Utah MLS data · updated Nov 5, 2026
Orem homes under $500K by the numbers
Today's listings plus closed sales recorded in the MLS, each home counted once. Medians, not averages, so one outlier can't skew them.
- For sale now
- 97
- median ask $325,000
- Median sale, last 12 mo
- $412,000
- 287 sold · -2.5% vs prior year
- Price per sq ft
- $244
- median of closed sales · typical 1,450 sq ft
- HOA dues
- $199/mo
- median · 68% of listings have dues
Over the last 12 months, 287 homes under $500K sold in Orem, taking a median of 33 days to go under contract and closing at 99.1% of the final list price.
What's for sale
Today's 97 listings by type.
- Condos 39 (40%)
- Single-family homes 27 (28%)
- Other 14 (14%)
- Townhomes 14 (14%)
- Twin homes 3 (3%)
By budget
How today's asking prices spread out.
- Under $400K 59
- $400K–$600K 38
- $600K–$800K 0
- $800K–$1.2M 0
- $1.2M and up 0
Homes under $500K by neighborhood
Closed sales over the last 24 months, plus what's listed today. Click a name for that neighborhood's page.
-
- Sold (24 mo)
- 23
- Median sale
- $465,000
- Typical size
- 1,547 sq ft
- Built
- 2021
- HOA / mo
- $265
- For sale now
- 3 · $469,900–$482,500
-
- Sold (24 mo)
- 13
- Median sale
- $282,000
- Typical size
- 969 sq ft
- Built
- 1999
- HOA / mo
- $250
- For sale now
- 0
-
- Sold (24 mo)
- 12
- Median sale
- $423,000
- Typical size
- 1,470 sq ft
- Built
- 1950
- HOA / mo
- —
- For sale now
- 2 · $414,900–$449,900
-
- Sold (24 mo)
- 11
- Median sale
- $268,000
- Typical size
- 790 sq ft
- Built
- 2018
- HOA / mo
- $138
- For sale now
- 2 · $269,500–$290,000
-
- Sold (24 mo)
- 9
- Median sale
- $324,000
- Typical size
- 1,236 sq ft
- Built
- 1999
- HOA / mo
- $315
- For sale now
- 0
-
- Sold (24 mo)
- 7
- Median sale
- $285,000
- Typical size
- 845 sq ft
- Built
- 2021
- HOA / mo
- $172
- For sale now
- 6 · $259,750–$274,900
-
- Sold (24 mo)
- 7
- Median sale
- $333,000
- Typical size
- 1,690 sq ft
- Built
- 1975
- HOA / mo
- $225
- For sale now
- 1 · $278,000
-
- Sold (24 mo)
- 7
- Median sale
- $474,000
- Typical size
- 2,260 sq ft
- Built
- 2007
- HOA / mo
- $190
- For sale now
- 1 · $455,000
-
- Sold (24 mo)
- 6
- Median sale
- $296,000
- Typical size
- 1,012 sq ft
- Built
- 1997
- HOA / mo
- $225
- For sale now
- 2 · $295,000–$399,000
-
- Sold (24 mo)
- 6
- Median sale
- $337,000
- Typical size
- 1,446 sq ft
- Built
- 2007
- HOA / mo
- $300
- For sale now
- 2 · $325,000–$339,990
-
- Sold (24 mo)
- 6
- Median sale
- $491,000
- Typical size
- 2,094 sq ft
- Built
- 2018
- HOA / mo
- $200
- For sale now
- 1 · $499,730
-
- Sold (24 mo)
- 6
- Median sale
- $298,000
- Typical size
- 1,521 sq ft
- Built
- 1974
- HOA / mo
- $225
- For sale now
- 1 · $289,900
-
- Sold (24 mo)
- 6
- Median sale
- $444,000
- Typical size
- 1,575 sq ft
- Built
- 2020
- HOA / mo
- $265
- For sale now
- 0
-
- Sold (24 mo)
- 6
- Median sale
- $282,000
- Typical size
- 1,115 sq ft
- Built
- 1999
- HOA / mo
- $210
- For sale now
- 0
-
- Sold (24 mo)
- 5
- Median sale
- $108,000
- Typical size
- 1,035 sq ft
- Built
- 2000
- HOA / mo
- $950
- For sale now
- 2 · $89,999–$179,900
Median sale is shown only where at least 5 homes sold. HOA dues are the median monthly fee (yearly dues divided by 12) and can change, so confirm the amount and what it covers with the association. "Built" is the median year built.
Homes Under $500K nearby
Common questions
About homes under $500k in Orem.
Can you buy a house in Orem for under $500,000? ▾
Yes, mostly condos, townhomes and some older single-family homes. There are 97 listings at or under $500,000 today.