Is Orem, UT 84097 a buyer’s or seller’s market?
Orem is a seller’s market. With about 3.5 months of supply and 10% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score32/ 100
More competitive than 29% of U.S. ZIP codes, and #79 of 110 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply3.5Under 4 months = seller’s market
Sold above original list10%Share of sales, last 3 months
Median sale-to-list97.3%Sold price ÷ list price
Median days on market42Listing to accepted offer
Median price per sq ft$217▼ −7.0% vs. last year
Run the numbers for 84097
Nearby markets
Alpine 84004Buyer’s market $289 /sq ftAmerican Fork 84003Balanced $241 /sq ftCedar Valley 84013Seller’s market $188 /sq ftEagle Mountain 84005Balanced $178 /sq ft Browse all markets →More tools for 84097
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology