Market Intelligence Report — UT-340

Provo-Orem-Lehi, UT

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-UT-08
As of the latest 2026 data
Cooling

Median Listing

$564K
-1.8% YoY

Pending Ratio

0.38
-6.9% YoY

Active Inventory

2,989
+4.2% YoY

Median DOM

58 Days
+0.0% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's cooling Provo-Orem-Lehi market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Provo-Orem-Lehi, UT.

Free ReportNo Sign-up~60 Seconds

The Provo-Orem-Lehi housing market is currently exhibiting a Cooling trend, characterized by a pending ratio of 0.38. This metric indicates that demand absorption is below the rate of new supply entering the market, with active listings registering a 4.2% increase over the past year. The median listing price declined by 1.8% year-over-year, alongside a 1.3% month-over-month decrease.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

Data not yet available.

Shows whether local employment conditions are supporting buyer demand.

Population & Migration

773,426+1.9% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Provo-Orem-Lehi market right now.

Active listings have expanded by 4.2% over the past year, reaching 2,989 units, while new listings increased modestly by 0.8% during the same period. The pending ratio has contracted by 6.9% year-over-year, reflecting a diminishing pace of demand relative to available inventory. Median days on market remained stable year-over-year at 58 days, but the share of price reductions rose by 3.1% over the past year to 29.4%, suggesting increased pricing adjustments. The median listing price has experienced a downward trend, with a 1.8% year-over-year decline and a 1.3% month-over-month decrease.

Historical Analysis

Market Trends

Median Price

$564K-1.3% MoM

Active Inventory

2,989+4.2% YoY

Days on Market

58+0.0% YoY

Sold Score™

49-6.9% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

49
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The elevated inventory levels and declining pending ratio suggest a market environment where demand absorption is challenged. Negotiating leverage is shifting, with buyers likely to find more opportunities for price discipline. The increased prevalence of price reductions further indicates that sellers may need to adjust expectations to meet market demand and ensure a timely transaction pace.

Luxury Segment

The average listing price has increased by 4.6% year-over-year, reaching $799,715, while the median listing price declined by 1.8% over the same period. This divergence, alongside a 2.3% year-over-year increase in median $/sqft, suggests some stratification in performance, but does not definitively indicate distinct luxury-segment softness across all top-tier metrics.

Supply Dynamics

2,989 active listings represent the current floor, with new supply arriving at roughly 1,076 per month.

Pricing Pressure
29.4%

of active listings carry a price reduction, +3.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +2.3% year-over-year.

Absorption
0.38

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Provo-Orem-Lehi, UT? Buyer Demand Index is running at 38%.

Buyers have leverage in Provo-Orem-Lehi, UT. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
38%
Median Days on Market
58 days
Inventory YoY
+4%

In a buyer's market, strategy beats timing. See how your home scores in Provo-Orem-Lehi, UT and what moves the number.

See my Sold Score & selling strategy

Prefer the data first? Get the monthly Provo-Orem-Lehi, UT briefing and watch the market before you list.

How the Sold Score works →

Agents: no featured expert covers Provo-Orem-Lehi, UT yet — claim this market →

How these recommendations are chosen →

The Monthly Briefing

Stay ahead of the Provo-Orem-Lehi market.

One email per month: median price, inventory, days on market, and curated expert commentary — straight from the Primpted data desk.

Track your ZIP

Get the Sold Score for your exact ZIP code in your inbox each month.

One email per month when your ZIP's Sold Score is updated. Unsubscribe anytime.

Metro Demographics

Metro Area
Provo-Orem-Lehi, UT
CBSA Code
39340
State
UT

ZIPs in Provo-Orem-Lehi, UT

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Provo-Orem-Lehi?+

    As of the latest 2026 data, the Provo-Orem-Lehi metro is classified as Cooling. Pending ratio is 0.38 with median days on market at 58.

  • Are home prices dropping in Provo-Orem-Lehi?+

    Median listing price is $564K, -1.8% year over year. 29.4% of active listings carry a price reduction.

  • How fast are homes selling in Provo-Orem-Lehi?+

    The typical listing sits 58 days on market, a +0.0% change YoY. New listings are arriving at 1,076 per month.

  • What's happening in the Provo-Orem-Lehi luxury market?+

    The average listing price has increased by 4.6% year-over-year, reaching $799,715, while the median listing price declined by 1.8% over the same period. This divergence, alongside a 2.3% year-over-year increase in median $/sqft, suggests some stratification in performance, but does not definitively indicate distinct luxury-segment softness across all top-tier metrics.

  • Where can I find a trusted Provo-Orem-Lehi real estate expert?+

    Primpted maintains a vetted registry of Provo-Orem-Lehi agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 39340 · 36mo history