Provo - UT housing market
The Provo metro has a typical home value of $546,261, up 2.0% from a year ago. Homes sell in 23 days on average - a balanced market. 29% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($546,261) is the Zillow Home Value Index for the Provo - UT metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 2.0% over the past year. In Provo - UT, that means a home worth $535,550 last year is now worth roughly $546,261.
The median sale price , what homes actually close for , is $516,443. Homes are selling at 98.8% of list price, meaning buyers have room to negotiate.
Homes listed in Provo - UT sit on the market for roughly 23 days before going pending. Shorter = seller's market; longer = buyer's market.
About 28.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 872 new listings hit the market each month in Provo - UT. There are currently 2,502 homes for sale, up 4.6% from a year ago.
The typical monthly rent in Provo - UT is $1,810, up 2.2% year over year. For investors, the price-to-rent ratio here is roughly 25x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in UT
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Salt Lake City - UT | $568,981 | +1.5% | 17.0d |
| Ogden - UT | $518,416 | +2.3% | 20.0d |