Is Orem, UT 84058 a buyer’s or seller’s market?

The Orem housing market right now

In the three months ending August 31, 2026, 18% of homes in Orem, UT 84058 sold above their list price, the typical home went under contract in 33 days and there were 4.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 51 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (16% then), homes sold more slowly (30 days then) and the median sale price fell 2% to $524,773. Overall, Orem is about as competitive as it was a year ago.

Within Utah County, homes here sell faster than in 86% of the county’s ZIP codes, and sell less often over asking than in 52%. On our competition score, Orem ranks #43 of 110 UT ZIP codes with enough sales (score 45 out of 100).

Nearby, buyers who want less competition could look at Goshen 84633 (0% sold over asking) or Alpine 84004 (9% sold over asking), while Cedar Valley 84013 (50% sold over asking) and Mapleton 84664 (26% sold over asking) are even more competitive.