Is Provo, UT 84601 a buyer’s or seller’s market?

The Provo housing market right now

In the three months ending August 31, 2026, 24% of homes in Provo, UT 84601 sold above their list price, the typical home went under contract in 37 days and there were 5 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 69 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (23% then), homes sold more slowly (31 days then) and the median sale price rose 8% to $479,792. Overall, Provo is about as competitive as it was a year ago.

Within Utah County, homes here sell faster than in 76% of the county’s ZIP codes, and sell more often over asking than in 90%. On our competition score, Provo ranks #20 of 110 UT ZIP codes with enough sales (score 50 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) is even more competitive.