Is Orem, UT 84097 a buyer’s or seller’s market?

The Orem housing market right now

In the three months ending August 31, 2026, 10% of homes in Orem, UT 84097 sold above their list price, the typical home went under contract in 42 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 41 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 18%, homes sold more slowly (36 days then) and the median sale price fell 5% to $531,770. Overall, Orem is less competitive than a year ago, which gives buyers more room.

Within Utah County, homes here sell faster than in 52% of the county’s ZIP codes, and sell less often over asking than in 90%. On our competition score, Orem ranks #79 of 110 UT ZIP codes with enough sales (score 32 out of 100).

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