Orem Housing Market Update — April 2026

Orem’s housing market is showing mixed signals heading into spring 2026. Prices are edging up — median price per square foot is $235, up 1.9% year over year — but sales volume has dropped and homes are sitting longer. If you’re buying or selling in Orem right now, the numbers tell a more nuanced story than the headlines.

By the Numbers

Median price per square foot in Orem hit $235 this quarter, up 1.9% from the same period last year. Average price per square foot is $238, though that metric is slightly down (-1.4% QTD) due to mix shifts in what’s selling. Prices are climbing, but not aggressively.

Sales volume tells a different story. Year-to-date, 179 homes have closed in Orem — down 5.3% from 189 at the same point in 2025. Quarter-to-date, only 36 sales versus 62 last year, a 41.9% drop. That’s a significant slowdown in transaction activity.

Homes are taking longer to sell. Median days on market sits at 33 days this quarter, up from 27 days a year ago — a 22.6% increase. Year-to-date, the median is 46 days compared to 33 last year. Sellers need to be more patient than they were in 2025.

The sold-to-list ratio tells you how competitive the market is: homes are selling at 98.9% of final list price on average, and the median is right at 100% — meaning half of homes are selling at or above asking. That’s still a reasonably healthy number, though it’s slipped slightly from last year’s 99.3%.

What This Means for Buyers and Sellers

For sellers in Orem: your home is still likely to appreciate, but don’t expect a weekend bidding war. Price it right from the start — the data shows homes selling at 96.3% of original list price year-to-date, which means overpriced listings are getting cut. The market rewards realistic pricing and punishes aspirational numbers.

For buyers: you have a bit more breathing room than last year. With fewer sales happening and homes sitting longer, there’s less competition. That doesn’t mean deals are falling into your lap — half of homes are still selling at full ask — but you’ve got time to be selective, especially in the $250-$400K range where Orem has the most inventory.

The broader context: Utah County is seeing similar trends across most cities. Rates in the low 6s are keeping some buyers on the sideline, which is showing up as lower volume. But prices haven’t corrected — they’re just growing more slowly. If you’re waiting for a crash in Orem, the data doesn’t support that thesis.

Orem Market Snapshot — April 2026

Source: UtahRealEstate.com, April 2026. All data should be independently verified.