Provo - UT housing market
The Provo metro has a typical home value of $548,061, up 1.8% from a year ago. Homes sell in 24 days on average, a balanced market. 34% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($548,061) 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 1.8% over the past year. In Provo - UT, that means a home worth $538,370 last year is now worth roughly $548,061.
The median sale price , what homes actually close for , is $519,023. Homes are selling at 99.2% of list price, meaning buyers have room to negotiate.
Homes listed in Provo - UT sit on the market for roughly 24 days before going pending. Shorter = seller's market; longer = buyer's market.
About 33.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 974 new listings hit the market each month in Provo - UT. There are currently 2,915 homes for sale, up 1.7% from a year ago.
The typical monthly rent in Provo - UT is $1,847, 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 | $567,346 | +1.3% | 16.0d |
| Ogden - UT | $519,707 | +2.1% | 20.0d |