Market Report
Orem, UT · 84097
What homes have been selling for in Orem ZIP 84097 over the last 12 months. Based on 149 closed sales. Updated August 16, 2026.
What’s happening
Reading the latest sales…
Typical sale price
$565k
Days to sell
56 days
Homes sold (12 mo.)
149
Right now in Orem 84097
How homes are moving in this area, based on the latest 12 months of closed sales.
56 days
Homes taking longer
Listings are sitting on the market longer than usual - buyers have time to evaluate.
99.5%
Usually near asking
Most homes are selling within a few percent of their list price.
3.5 mo
Balanced market
Supply and demand are roughly in line - both sides have room to negotiate.
Recently sold nearby
The 8 most recent closings that look like your home. What similar properties actually sold for is the strongest anchor for what buyers will pay now - and where you should price to move.
Buy vs Rent in 84097
Renting tends to outpace buying over the next 15 years at today's prices and rates.
If you buy
$3,996/mo
If you rent
$1,414/mo
Assumes 20% down, 7% mortgage, 3.5% appreciation, 4% rent growth, 5% investment return on the alternative. Includes property tax, insurance, maintenance, and 8% selling costs at exit. Talk to an agent for your specific numbers.
Long-term market change
Typical home value (5-year window) with month-over-month change.
+20.1%
since Jun 2021
Biggest jump Mar 2022 (+2.8%) · Biggest drop Sep 2022 (-1.5%)
Value in Jun 2021
$504k
Peak (Feb 2026)
$611k
Today
$605k
Activity by month
Average homes sold and new listings hitting the market each calendar month, pooled across all years.
Most sales in May · Most new listings in Oct
When homes sell fastest
Average days to sell by month, pooled across every year. Lower = faster.
May fastest · Jan slowest
Neighborhood Demographics · 84097
22,024
$97,034
$506,900
$1,414
3.3% gross yield
71.1%
4,910 own · 1,996 rent
7,237
4.6% vacant
50.2%
Bachelor's or higher
29.5
5% poverty rate
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
Other Utah markets
Nearby ZIPs in Orem and other high-activity areas.