84097 Home Values & Market Trends

There are 11 homes currently listed for 84097. 84097 real estate market trends show that home prices range from $449,900 to $1,650,000, and the median sales price in the 84097 zip code is $549,967.44. The total number of properties sold within the past twelve months is 204. In 84097, 6 properties are in foreclosure, 0 are bank owned properties,and 1 are headed for auction.

84097 Real Estate Market Overview

CityMedian Est. Value
Orem

$ 505,375

$ 324/sqft

Housing Market Summary for 84097

Apr 2023March 2024Change
Median Listing Price$557.5K$533.7K-4.26%
Median Sold Price$575.8K$533.7K-7.31%
Homes For Sale106-40.00%
Homes Sold205186-9.27%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 84097

The median list price of a home in Orem, is $549,967.44. A total of 11 properties are for sale, and the percentage of properties for sale in the zip code is 11.00%. The total count of 84097 properties is 5,752.

Foreclosure
There is 1 cities within 84097; within this cities, the median estimated home value for homes in foreclosure ranges from $1,092,843 in orem to the lowest value of $293,335 in orem. Foreclosure homes account for 0.00% of properties in 84097 with orem containing 20 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.09% of all residential properties in 84097 with orem containing 17 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 84097; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,092,843 in orem to the lowest home value of $293,335 in orem.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 84097 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 84097. There is 1 cities within 84097; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    orem has 3 auction properties, the highest number of properties going to auction in a single city in the state of 84097. Auction homes and other auction properties account for 0.02% of all properties in 84097. There is 1 cities within 84097; of that cities, the median estimated home value for homes going to auction ranges from $930,762 in orem to the lowest value of $500,444 in orem.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.19% of residential properties in 84097 with orem containing 39 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 84097; homes for sale in that cities, have a range of median values from $1,518,949 in orem to the lowest value of $285,000 in orem.
    Sold Homes
    The median value for recently sold homes ranges from $3,563,700 in orem to the lowest price of $179,231 in orem. There is 1 cities within 84097. orem has 752 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.23% of properties in 84097.

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      Guide for 84097

      Market Reports
      Salt Lake City’s Real Estate Market Sees Average Property Values Drop in 2023-24
      gavel for real estate auction
      Home Buying Guides & Tips
      Utah Foreclosure Laws
      A new house being built
      Investment Financing
      What Type of Loan Is Best for First-Time Home Buyers?
      Home Buying Financing
      What To Consider Before Renting a RTO Home
      See More Articles
      Salt Lake City’s Real Estate Market Sees Average Property Values Drop in 2023-24
      Market Reports|posted 29 March 2024

      The Salt Lake City real estate market is experiencing significant shifts, as average property values have dropped citywide. However, neighbourhood trends vary, with West Valley City seeing a slight rise in property values, while others like North Salt Lake show a decline. This fluctuation highlights the importance of localized analysis in real estate investment.

      gavel for real estate auction
      Utah Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Utah Foreclosure Laws

      A new house being built
      What Type of Loan Is Best for First-Time Home Buyers?
      Investment Financing|posted 9 April 2024

      Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?

      What To Consider Before Renting a RTO Home
      Home Buying Financing|posted 5 April 2024

      RTO homes can sometimes be tricky to understand. Here are the questions you should if you are considering a rent-to-own property.

      Recently Listed Homes 84097

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