Market analytics · September 2026 archive
Orem, Utah real estate market report.
Monthly sold prices, days on market, sale-to-list ratio, and absorption rate. Updated nightly from UtahRealEstate.com and the Washington County Board of Realtors.
Updated · Sources: UtahRealEstate.com & Washington County Board of Realtors
September 2026 · Market Analysis
Orem buyers get 247 homes to pick from as September closings drop to 28
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Closings in Orem fell to 28 in September, down 24.3% from August's 37 and well under the 62 a year ago. That is light enough that the median home price of $482,445 should be read with care, since a handful of sales can swing it. The housing market tilts toward buyers: 247 homes were for sale, about 9 months of supply at this pace, and the typical home that closed took 56 days.
Market pulse
Inventory is the bigger movement. Active listings grew from 122 in April to 247 in September. Closings went the other way, from 46 in May to 28 now. Median days on market stretched from 16 in May to 56, and a quarter of homes took longer than 72 days. Sellers still got 99.1% of list price, though, and the median list price of $525,000 sits above what homes closed for.
Mortgage context
Seven of September's 28 closings were under $400,000, and that is where a 7.5% rate stings first-time buyers most, because the budget has little slack. The bulk of sales, 20 of them, landed between $400,000 and $700,000 at a median $507,500. Buyers there are financing a loan at rates up 0.375 percentage points in 30 days.
Payment math
Put 20% down on Orem's $482,000 median home price and the principal-and-interest payment is $2,699 a month at 7.5%, which is $98 more than 30 days ago at 7.125% and $280 above April's low of $2,419 when rates averaged 6.42%.
If you're buying
Homes past 56 days on market are where sellers are listening, and 12 of the 28 closings took a price cut first. Under $400,000, the 7 sales took a median 69 days. The two Abby condo sales closed at a median $368,000 after 80 days. In the middle range, Beverly Place sold two homes at a median $462,500 in just 4 days, so move fast on fresh, well-priced ones.
If you're selling
With 247 homes competing, your home needs to match recent sales, not the $525,000 median asking price. Only 6 of 28 closings went above list, while 15 closed below it. Price it right the first week, like the Beverly Place and Hill Haven homes that sold in 4 days, because the ones that wait tend to sit.
Outlook
Showings normally thin out from October into winter, and with 247 listings already out, supply should stay ahead of demand. Closings may stay light through December. Sellers who list now are likely to face a longer wait than in spring.
Watch for
If new listings keep coming at 83 a month while closings stay near 28, months of supply would climb past 9 by winter and push sale-to-list below 98%.
"Orem's September went quiet on closings while the list of homes kept growing."
Common questions about Orem this month
What is the median home price in Orem? ▾
The median sale price in Orem was $482,445 in September 2026, and the average was $494,385. Closings were light at 28, so the median can swing. The median list price was higher at $525,000, so go by recent sales rather than asking prices.
Is the Orem housing market slowing down? ▾
Yes. Orem closings dropped to 28 in September from 37 in August, while active listings rose to 247. Median days on market reached 56. Sellers still received about 99.1% of list price.
How much is my Orem home worth? ▾
Orem homes closed at a median $482,445 in September, at 99.1% of list price and after 56 days. Your own home's value depends on similar homes sold near you recently. With 12 of 28 sales taking a price cut first, pricing close to recent sales matters.
How have rates changed the monthly payment in Orem? ▾
At 7.5%, principal and interest on the $482,000 median home with 20% down is $2,699 a month. That is $98 more than a month ago and $280 above April's level. Buyers in the $400,000 to $700,000 range feel it most.
Number of Listings
Active inventory · new listings · sold per month
Listing Prices
Active median list · new median list · sold median sale
Absorption Rate
Months of supply — active inventory ÷ monthly sold rate
Sale-to-List Ratio
Close price ÷ list price — buyer/seller leverage
Days on Market
Median days from listing to under contract
Price Volume
Total dollar volume — active · new · sold per month
September 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
45 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 37 · 25th percentile 14 · 75th percentile 71
Needed a price change
Sold listings that had a recorded price change before close
24 of 45 sold homes had at least one price change while listed. Lower = sellers are pricing right the first time.
Sales by price band
Closed-price bucket → sold count and median days to contract
Top neighborhoods this month
Named subdivisions ranked by homes sold · median price · median days to contract
- 1. Beverly Place 3 sold · 5d
- 2. Abby 2 sold · 80d
- 3. Lakewood 1 sold · 11d
- 4. Verona Estates 1 sold · 34d
- 5. Wedgewood Estates 1 sold · 51d
- 6. Daniel Acres 1 sold · 6d
- 7. Paradise Park 1 sold · 12d
- 8. Lincoln Gardens 1 sold · 18d
September 2026 by property type
How each housing type performed last month — 42 closings total across subtypes.
Summary Statistics
| Metric | Sep-26 | Sep-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 45 | 62 | -27.42% | 453 | 468 | -3.21% |
| Median Sale Price | $499,900 | $494,000 | +1.19% | $507,116 | $507,791 | -0.13% |
| Median DOM | 37 | 28 | +32.14% | 33 | 25 | +32.00% |
| Sale-to-List Ratio | 98.84% | 99.02% | -0.18% | 98.39% | 98.90% | -0.52% |
Sources: UtahRealEstate.com and the Washington County Board of Realtors, aggregated by Best Utah Real Estate. Sale-to-list ratio compares closing price to the final list price (post-reduction). Absorption rate = active inventory ÷ monthly sold rate.