Is Orem, UT 84059 a buyer’s or seller’s market?

The Orem housing market right now

In the three months ending August 31, 2026, 21% of homes in Orem, UT 84059 sold above their list price, the typical home went under contract in 43 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 60 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 12%, homes sold faster (49 days then) and the median sale price rose 5% to $565,255. Overall, Orem is more competitive than a year ago, so tougher for buyers.

Within Utah County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell more often over asking than in 81%. On our competition score, Orem ranks #23 of 110 UT ZIP codes with enough sales (score 49 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.