Provo, UT Home Values & Market Trends
Real estate market trends reflect that there have been 1,018 transactions over the past year in Provo. The median value for residential home transactions that occurred over the previous year is $477,230.74. The number of current listings in Provo is 45, and the percentage of properties for sale in the city is 45.00%. Provo, UT currently has 12 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 45 properties for sale.
Provo, UT Real Estate Market Overview
Housing Market Summary for Provo, UT
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $534.5K | $479.7K | -10.25% |
| Median Sold Price | $480.5K | $479.7K | -0.16% |
| Homes For Sale | 42 | 47 | 11.90% |
| Homes Sold | 763 | 691 | -9.44% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Provo, UT
Browse Homes in Provo, UT
Provo home values range from $101,925 to $7,712,096. The median estimated value of a home in Provo is $477,230.74. The median list price of a home is 650,000, and the total count of properties in the city is 23,280.
- Pre-ForeclosurePre-foreclosure homes account for 0.05% of all residential properties in Provo, UT with 84601 containing 6 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 4 zips within Provo, UT; of those zips, the estimated home value for pre-foreclosure homes ranges from $550,920 in 84604 to the lowest home value of $233,484 in 84601.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Provo, UT 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 Provo, UT. There are 4 zips within Provo, UT; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions84604 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Provo, UT. Auction homes and other auction properties account for 0.00% of all properties in Provo, UT. There are 4 zips within Provo, UT; of those zips, the median estimated home value for homes going to auction ranges from $557,750 in 84604 to the lowest value of $557,750 in 84604.
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Guide for Provo, UT
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.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.