Is Orem a buyer's or seller's market right now?

Orem is currently a seller's market with 2.9 months of supply. 30.2% of homes sell above asking price, and 17.5% go pending within two weeks. The Ridley Sell Score for Orem is 48/100 (Cooling), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Orem?

The median home price in Orem is $500,000, down 5.5% year-over-year. The median price per square foot is $218. Homes sell in a median of 75 days with a sale-to-list ratio of 98.6%.

How much does it cost to sell a home in Orem, Utah?

On a $500,000 home in Orem, a traditional listing agent charges around $15,000 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $40,000 or more. With Ridley Essentials ($999) you save $14,001, and with Ridley Pro ($3,499) you save $11,501 while getting full agent support.

How does Ridley's flat fee compare to a traditional Orem agent?

A traditional Orem listing agent typically charges 3% of the sale price — about $15,000 on a $500,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $14,001–$11,501 compared to a traditional agent.

How long does it take to sell a home in Orem?

The median home in Orem currently spends 75 days on the market before going under contract. 17.5% of homes go pending within two weeks. At a 98.6% sale-to-list ratio, sellers are seeing some negotiation. Only 32% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Utah?

No. Utah does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $500,000 home, that could save you up to $11,501.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Utah. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $15,000 commission.

National/Utah

Orem, UT

Is Now a Good Time to Sell in Orem, Utah?

The median home in Orem sells for $500,000 with prices down 5.5% year-over-year. The average seller pays $15,000 in commissions — Ridley’s flat fee saves you $11,501.

Orem Real Estate Market Conditions — March 2026

48out of 100

Ridley Sell Score

How it's scored →

Cooling

48/100

The market is shifting — strategic pricing and presentation matter more.

What this means for sellers

The Orem market is cooling, and sellers need to be strategic. Price drops are common, so pricing accurately from the start is critical. Invest in staging and professional photography to differentiate your listing. Flexibility on terms can make the difference in attracting serious buyers.

Inventory TightnessNeutral

2.9 months of supply — below the 5-month balanced threshold — 40% below the Utah average of 4.8.

Price MomentumFavors buyers

Prices down 5.5% year-over-year — vs. +8.5% statewide.

Seller LeverageNeutral

Homes selling at 98.6% of asking — buyers are negotiating 1.4% below list. Utah average is 98.5%.

Bidding ActivityNeutral

30.2% of homes selling above list price — 62% above the Utah average of 18.6%.

Sale SpeedNeutral

75 median days on market — 3 days faster than the Utah average.

Market UrgencyFavors buyers

17.5% of listings go pending within 2 weeks — vs. 23.4% statewide.

Price StabilityFavors buyers

32% of listings have dropped their price — accurate initial pricing is critical. Utah average is 28%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$500,000

-5.5%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$218

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

98.6%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

2.9

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

30.2%

Moderate demand

Price Drops

Percentage of active listings that had a price reduction.

32%

Pricing matters

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

17.5%

Slower pace

12-Month Price Trend

$515,000 → $500,000

▼2.9%

$540K$520K$500K$480K

AprJunAugOctDecFebMar

Data updated March 2026

Get AI-powered market intelligence

Personalized pricing signals, demand shifts, and Sell Score changes for Orem — delivered monthly.

Your savings

How much can you save selling your home in Orem?

The average Orem homeowner saves $11,501 by selling with Ridley instead of paying the traditional 3% listing commission on a $500,000 home.

$0Estimated savings

That's a dream family vacation — save 2.3% of your home value

Your Orem home value

$500,000

$50,000$10M

Traditional Agent (3%)

$15,000

Ridley Pro (flat fee)

$3,499

Ready to sell in Orem?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

How much does it cost to sell a house in Orem?

The total cost to sell a house in Orem in 2026 ranges from $999 with Ridley Essentials to approximately $15,000 with a traditional 3% commission on a $500,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$15,000	$3,499	$999	$0
Buyer agent	$14,0002.8% avg	$10,000~2% avg	$10,000~2% avg	$14,0002.8% avg
Closing costs (~1.5%)	$7,500	$7,500	$7,500	$7,500
Total cost	$36,500	$20,999	$18,499	$21,500
Net proceeds	$463,500	$479,001	$481,501	$478,500
You save	—	$11,501	$14,001	$15,000No support