Market analytics
Orem, Utah real estate market report.
Monthly sold prices, days on market, sale-to-list ratio, and absorption rate. Updated nightly from UtahRealEstate.com and the Washington County Board of Realtors.
Updated · Sources: UtahRealEstate.com & Washington County Board of Realtors
June 2026 · Market Analysis
Orem closings hit 4 days median — but the sale-to-list ratio tells a different story
Get this report emailed every month
✓ You're in — see you next month.
The headline number in Orem this June is a median of just 4 days on market — down from 15 in May and 22 in April, meaning the typical home that closed in June went under contract almost immediately after hitting the MLS. Yet that speed didn't translate into stronger seller terms: the sale-to-list ratio slipped to 97.6% in June, down from 99.05% in May and the softest reading since November 2025, while the median sale price pulled back to $501,000 from May's $544,000. A year ago in June 2025, Orem's median days on market was 19 and the sale-to-list ratio was 98.71% — so buyers are closing faster today but conceding less money to get there.
Market pulse
The speed of closings in Orem has moved in a striking arc: median days on market was 61 in December 2025, eased to 58 in January, fell to 44 in February, dropped to 23 in March, held near 22 in April, compressed to 15 in May, and landed at just 4 in June — a six-month run that reflects how decisively buyers have acted on well-priced listings during the spring selling season. Active inventory, meanwhile, has climbed steadily from 130 homes in January to 234 in June, a 80% increase that is giving buyers more to choose from than at any point in the past year. The sale-to-list ratio's dip to 97.6% in June — compared to 99.05% in May — signals that sellers with 234 active listings competing for 50 closings are accepting more negotiation than they were a month ago. Notably, 16 of June's 50 closings involved a price reduction before going under contract, up from 11 in May.
Mortgage context
The 30-year fixed rate reached 6.75% as of early July, up 0.125 percentage points from 6.625% thirty days ago, and has climbed 0.56 percentage points from February's monthly average of 6.19% — the low point of the past seven months. That trajectory has added real weight to monthly payments in Orem, where the median home price sits at $501,000. FHA financing at 6.25% remains a meaningful alternative for buyers who qualify, particularly in the under-$400,000 segment where 16 homes closed in June.
Payment math
At $501,000 with 20% down, the monthly principal-and-interest payment on a median-priced Orem home runs $2,600 at today's 6.75% rate — $33 more than 30 days ago when the rate was 6.625%, and $148 above the February low when rates averaged 6.19% and that same loan would have carried a $2,452 monthly payment.
If you're buying
With 234 active listings and a sale-to-list ratio of 97.6%, buyers in Orem have more room to negotiate than the fast closing times suggest — target homes that have been sitting longer than 30 days, particularly in the Chambery Condo area and similar attached-home segments where some listings are taking well over 100 days. In the $400,000–$700,000 band, where the median days on market was just 1 day in June, move quickly on new listings but don't skip inspection contingencies — the speed reflects buyer competition, not a lack of issues. Buyers priced out of Orem's $539,500 median in that band may also find comparable value in neighboring Provo or further north along the I-15 corridor in Lehi, where new-construction options can shift the calculus.
If you're selling
The 97.6% sale-to-list ratio in June means pricing to last spring's expectations will cost you time and concessions — homes that closed in June sold for about 2.4% below list on average, so building a small negotiation cushion into your list price is more effective than anchoring high and chasing the market down. With 234 active listings competing for roughly 50 buyers a month, condition and presentation matter more than they did in May; Lakecrest and similar established Orem neighborhoods are seeing multiple listings compete simultaneously, so a pre-listing inspection or fresh interior paint can be the difference between a week-one offer and a price cut. If you're in the over-$700,000 range, note that only 8 homes closed in that band in June — patience and precise pricing near recent comparable sales are essential.
Outlook
Orem enters July and August with 234 active listings, rising rates, and a sale-to-list ratio that has already begun softening — conditions that typically favor buyers through late summer as seller competition increases and the BYU fall move-in cycle (which tends to lift rental demand more than purchase demand) approaches. If the 30-year rate holds near 6.75% or moves higher, the $400,000–$700,000 segment — which accounted for 26 of June's 50 closings — will feel the most pressure, as monthly payments in that range are already stretching many Silicon Slopes tech-corridor commuters who shop in Orem for relative value versus Lehi or Draper. Sellers who list in July should expect days on market to lengthen modestly from June's 4-day median as the summer inventory peak works through the system.
Watch for
At the current pace of new listings running above 80 per month against roughly 50 closings, active inventory likely crosses 270–280 homes by late August, which would push the sale-to-list ratio toward the low-96% range and give buyers negotiating leverage not seen since late 2025.
"Blazing-fast closings, softer prices: Orem's June split between speed and seller concessions."
Common questions about Orem this month
Is Orem a buyer's or seller's market in June 2026? ▾
It's shifting toward buyers. While homes are closing quickly — the median was just 4 days on market in June — the sale-to-list ratio dropped to 97.6% and 16 of 50 closings involved a price cut before going under contract. With 234 active listings and only 50 closings in June, buyers have more choices and more negotiating room than they did in the spring.
Why did Orem's median sale price drop from $544,000 in May to $501,000 in June? ▾
Part of the shift reflects a change in the mix of homes that closed: June saw 16 closings under $400,000 compared to just 3 in May, which pulls the overall median down even if prices within each segment held relatively steady. The $400,000–$700,000 band actually closed at a $539,500 median in June, similar to May's $522,500 in that range. Median prices can move significantly month to month based on which types of homes happen to close.
If homes are selling in 4 days, why is the sale-to-list ratio falling? ▾
Speed and price strength don't always move together. In June, the 4-day median reflects that well-priced homes went under contract almost immediately — but with 234 active listings competing for roughly 50 buyers, sellers who priced aggressively or had condition issues accepted offers below list. The result is fast closings on the best-positioned homes and concessions on the rest, which together produce a 97.6% sale-to-list ratio.
What does the mortgage rate environment mean for Orem buyers right now? ▾
At 6.75% on a 30-year fixed loan, the monthly principal-and-interest payment on a median-priced $501,000 Orem home with 20% down is $2,600 — $148 more per month than it would have been in February when rates averaged 6.19%. FHA loans at 6.25% can reduce that payment for qualifying buyers, particularly those targeting the under-$400,000 segment where 16 homes closed in June.
How does Orem's June 2026 market compare to June 2025? ▾
Closings were slightly lighter — 50 in June 2026 versus 55 in June 2025 — and the median sale price was lower at $501,000 compared to $515,000 a year ago. Active inventory grew significantly, from 146 homes in June 2025 to 234 in June 2026. The sale-to-list ratio also softened, from 98.71% last June to 97.6% this year, reflecting the more competitive environment sellers face with more listings on the market.
Number of Listings
Active inventory · new listings · sold per month
Listing Prices
Active median list · new median list · sold median sale
Absorption Rate
Months of supply — active inventory ÷ monthly sold rate
Sale-to-List Ratio
Close price ÷ original list — buyer/seller leverage
Days on Market
Median days from listing to close
Price Volume
Total dollar volume — active · new · sold per month
June 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
53 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 4 · 25th percentile 0 · 75th percentile 25
Needed a price change
Sold listings that had a recorded price change before close
17 of 53 sold homes had at least one price change while listed. Lower = sellers are pricing right the first time.
Sales by price band
Closed-price bucket → sold count and median days to contract
Top subdivisions this month
Ranked by closed count
- 1. Lakecrest 3 sold · $418K · 6d
- 2. Chambery Condo 2 sold · $295K · 146d
- 3. Countryside 1 sold · $1,015K · 4d
- 4. Woods 1 sold · $892K · 0d
- 5. Cherapple Farms 1 sold · $865K · 73d
June 2026 by property type
How each housing type performed last month — 51 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 53 | 55 | -3.64% | 280 | 284 | -1.41% |
| Median Sale Price | $495,000 | $515,000 | -3.88% | $505,337 | $509,914 | -0.90% |
| Median DOM | 4 | 19 | -78.95% | 27 | 26 | +3.85% |
| Sale-to-List Ratio | 97.61% | 98.71% | -1.11% | 98.46% | 99.00% | -0.55% |
Past months
Browse historical Orem reports — each month's snapshot stays at its own permanent URL.
Sources: UtahRealEstate.com and the Washington County Board of Realtors, aggregated by Best Utah Real Estate. Sale-to-list ratio compares closing price to the final list price (post-reduction). Absorption rate = active inventory ÷ monthly sold rate.