Market analytics
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
October 2026 · Market Analysis
Orem's 249 listings outnumber buyers as October closings slip to 42
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Forty-two Orem homes closed in October, down from 62 a year ago, and the median home price came in at $486,200. That is below September's $499,900 and a bit under last October's $493,261. The housing market leans toward buyers: 249 homes were for sale, about 6 months of supply at this pace, and the typical sale took 39 days. Homes still closed at 98.8% of list price, so sellers who priced right kept most of their number.
Market pulse
Homes for sale rose from 140 in April to 249 in October, and that is the biggest change in the market. New listings fell to 59 in October from 82 in September, so the build is slowing. Days on market stretched from 22 in April to 39 now, while a quarter of homes took longer than 64 days. The average sale price of $525,317 sits above the median because five sales over $700,000 closed at a median $1,105,000.
Mortgage context
Orem is mostly a $400,000-to-$700,000 market, and 26 of October's 42 closings landed there at a median $497,500. Eleven closed under $400,000 at a median $285,000, and those homes took 62 days, the slowest of the three groups. Rates have eased 0.375 percentage points over the past 30 days, which helps the middle group most.
Payment math
Buying at the $486,000 median home price with 20% down costs $2,686 a month in principal and interest at 7.375%, which is $100 less than the $2,787 payment 30 days ago at 7.75%, but still $248 above the April low of $2,438 when rates averaged 6.42%.
If you're buying
Go after the under-$400,000 group, where homes took a median 62 days and the two Orchard Creek condo sales needed a median 203 days. Sixteen of October's 42 closings followed a price cut, so ask for one on anything that has sat past 60 days. Homes in the $400,000-to-$700,000 range moved in 23 days, so expect less give there.
If you're selling
Homes are listed at a median $529,000 but closing near $486,200, so buyers are going by sales, not asking prices. Pricing 2% to 3% above what similar homes closed for risks a price cut, as 16 sellers took one this month. If your home is worth more than $700,000, plan on about 44 days, as in the Legacy Ridge sale at $1,150,000 after 63 days.
Outlook
Winter will likely thin out new listings and showings together, and the 59 new listings in October already point that way. With inventory at 249, buyers keep choices through the holidays. Sellers who list now face fewer rivals than in summer, though closings may stay near 40 a month.
Watch for
If new listings stay near 59 a month while closings hold near 42, supply would ease below 6 months by February, but a further drop in closings would push it past 7 months.
"Orem's market has plenty of choice and fewer people closing on it"
Common questions about Orem this month
What is the median home price in Orem? ▾
The median home price in Orem was $486,200 in October 2026, down from $499,900 in September. The average sale price was $525,317. It runs higher because five sales over $700,000 closed at a median $1,105,000. The median list price was $529,000, above what homes actually closed for.
Is the Orem housing market slowing down? ▾
Yes, somewhat. Orem closings fell to 42 in October from 45 in September and 62 a year ago. Active listings reached 249 against 159 a year ago. Prices have held up, with homes closing at 98.8% of list.
How much is my Orem home worth? ▾
Orem homes sold for a median $486,200 in October, at 98.8% of list price and after a median 39 days. Your own home's value depends on similar homes that closed near you. Homes over $700,000 sold at a median $1,105,000, and homes under $400,000 at $285,000, so size and price range matter a lot.
How have mortgage rates changed monthly payments in Orem? ▾
At the $486,000 median price with 20% down, the payment is $2,686 a month at 7.375%. That is $100 less than a month ago. It is still $248 above April's payment of $2,438.
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
October 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
42 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 39 · 25th percentile 10 · 75th percentile 64
Needed a price change
Sold listings that had a recorded price change before close
16 of 42 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. Orchard Creek 2 sold · 203d
- 2. Arthurs Court 1 sold · 0d
- 3. Legacy Ridge 1 sold · 63d
- 4. Bonneville 1 sold · 130d
- 5. The Cliffs 1 sold · 14d
- 6. Jones 1 sold · 44d
- 7. Wood Estates 1 sold · 57d
- 8. Tuscan Villas 1 sold · 10d
October 2026 by property type
How each housing type performed last month — 42 closings total across subtypes.
Summary Statistics
| Metric | Oct-26 | Oct-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 42 | 62 | -32.26% | 495 | 530 | -6.60% |
| Median Sale Price | $486,200 | $493,261 | -1.43% | $505,342 | $506,091 | -0.15% |
| Median DOM | 39 | 29 | +34.48% | 34 | 26 | +30.77% |
| Sale-to-List Ratio | 98.77% | 98.76% | +0.01% | 98.42% | 98.89% | -0.48% |
Past months
Browse historical Orem reports — each month's snapshot stays at its own permanent URL.
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.