The story of this market
The typical home in ZIP 84097 sells for about $750,000, or $266 per square foot.
Prices are roughly flat from a year ago (+0.01%), a market in balance. Homes take about 71.43 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 84097 — Orem
The 84097 housing market is experiencing a cooling phase characterized by rising inventory and a significant increase in days on market. While median listing prices remain elevated at $750,000, the pace of sales has slowed, and a notable portion of listings are seeing price reductions. Rental demand remains present but has seen a year-over-year decrease in median asking rent.
Median prices moved up 0.0% year over year.
Homes spend a median of 71 days on market with 3.9 months of supply — a balanced-paced market.
30% of listings have cut prices · homes sell at 99.73% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 5.2% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 84097
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Data retrieved from data.census.gov ZCTA 84097 profiles.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.