$265,000
1141 E 1320 S # C401S
Provo, UT
2 bd1 ba854 sqft$310/ft²
Condo871 sqft lot
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Sarah Mitchell
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Compass Real Estate · Provo, UT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Provo, UT(512) 555-0184TX License #0512847
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Provo, UT Housing Market & Real Estate
Balanced market-8.1% YoY
Housing market overview · Updated monthly ·
$467,000median sale price
How is the Provo, UT housing market right now?
The median home sale price in Provo, UT is $467,000, down 8.1% year-over-year. Homes sell in an average of 35 days with 240 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Provo a buyer's or seller's market?
Balanced market3.8 months of supply35 avg. days on market
Provo, UT is currently a balanced market, based on 3.8 months of supply and homes selling in about 35 days. How we determine this →
Homes sold
64
Last 12 weeks
Days on market
35
Average pace
Active listings
240
3.8 months supply
Sale-to-list
98.4%
Below asking
What does the Provo housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $467,000 |
| Median list price | $549,450 |
| Year-over-year price change | -8.1% |
| Average days on market | 35 days |
| Active inventory | 240 listings |
| Months of supply | 3.8 months |
| Sale-to-list price ratio | 98.4% |
| Median price per sq ft | $267/sq ft |
| Homes sold (latest month) | 64 |
| New listings (latest month) | 124 |
| Listings with a price cut | 32.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Provo by property type?
How the Provo, UT market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $514,000 | $262/sq ft | 32 | 23 days |
| Condo / Co-op | $307,000 | $318/sq ft | 16 | 49 days |
| Townhouse | $396,250 | $225/sq ft | 10 | 40 days |
Source: Redfin · Updated monthly
The Provo housing market is currently classified as a balanced market with a median sale price of $467,000. Prices have fallen 8.1% compared to last year, with homes spending an average of 35 days on market, indicating 3.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.8x provides context for how home values compare to local earning capacity.
Homes for sale in Provo
There are currently 240 homes listed for sale in Provo, Utah. The median listing price is $549K. Featured listings range from $265,000 to $3,500,000.
$305,000
423 W 500 N Unit 9
Provo, UT
2 bd2 ba774 sqft$394/ft²
Condo871 sqft lot
View photos & details
$309,900
639 N University Ave Apt 10
Provo, UT
2 bd2 ba957 sqft$324/ft²
Condo436 sqft lot
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$329,900
261 N 400 E Apt 301
Provo, UT
2 bd1 ba867 sqft$381/ft²
Condo436 sqft lot
View photos & details
$364,900
998 W 500 S
Provo, UT
3 bd2 ba1,332 sqft$274/ft²
Townhouse871 sqft lot
View photos & details
$405,000
1311 S Alpine Loop
Provo, UT
3 bd3 ba1,739 sqft$233/ft²
Townhouse871 sqft lot
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$419,900
3221 Shadowbrook Cir
Provo, UT
3 bd3 ba1,483 sqft$283/ft²
Condo871 sqft lot
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$499,000
1090 E 460 St S
Provo, UT
4 bd2 ba1,600 sqft$312/ft²
House7,841 sqft lot
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$500,000
1747 Cobblestone Dr
Provo, UT
3 bd3 ba2,930 sqft$171/ft²
Townhouse436 sqft lot
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$845,000
1801 N 650 E
Provo, UT
4 bd3 ba4,454 sqft$190/ft²
House16,553 sqft lot
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$925,000
1383 E 320 N
Provo, UT
5 bd3 ba4,397 sqft$210/ft²
House11,761 sqft lot
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$3,500,000
2507 W 520 N
Provo, UT
Land5.95 acres
View photos & details
Looking to buy in Provo?
Get connected with a local real estate expert — free, no obligation.
Active listings
240
Homes on market
Median list price
$549K
Avg. days on market
35
Days until sale
New this week
124
Newly listed
Price drops:32.1%of listings
Sale-to-list:98.4%
Who lives in Provo?
Population
114,303
Median income
$62,800/yr
Median age
23.7 years
Owner-occupied
39.9%
College grads
45.0%
Avg commute
18.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Provo?
Zillow home value
$489,807
Zillow rent index
$1,556/mo
Price-to-rent ratio
26.2x
Price-to-income
7.8x
Source: Zillow Research
What is it like to live in Provo?
Provo is a community of approximately 114K residents with a median age of 23.7 years.The median household income is $62,800, which represents a working-class community with solid middle-income opportunities. 45.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 39.9%, showing a blend of owner and renter-occupied properties. The average commute time is 18.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Provo offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Provo?
24 schools tracked · 15,929 students
The largest public schools serving Provo, UT by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Timpview High
Grades 9-12 · 2,268 students
Provo High
Grades 7-12 · 1,981 students
Freedom Preparatory Academy
Grades PK-12 · 1,319 students
Centennial Middle
Grades 7-8 · 1,118 students
Dixon Middle
Grades 7-8 · 882 students
Lakeview School
Grades K-6 · 694 students
Edgemont School
Grades K-6 · 649 students
Westridge School
Grades K-6 · 615 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Provo, UT?
Want a head-to-head view? Compare Provo side-by-side with any other U.S. city using our market-comparison tool.
Is Provo a good real estate investment market?
For investors evaluating Provo, the price-to-rent ratio of 26.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 8.1% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Provo's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Provo's median home price.
Frequently asked questions
What is the average home price in Provo?
The median home sale price in Provo is $467,000, down 8.1% from last year.
How long do homes stay on market in Provo?
Homes typically spend 35 days on market before going under contract.
What is the median income in Provo?
The median household income is $62,800 per year.
Is Provo a buyer's or seller's market?
With 3.8 months of supply, Provo is currently a balanced market.
How many homes are for sale in Provo?
There are currently 240 homes listed for sale in Provo, UT.
What is the Zillow home value estimate for Provo?
The Zillow Home Value Index (ZHVI) for Provo is $489,807, representing the typical home value in the area.
What is the median condo price in Provo?
The median condo/co-op sale price in Provo, UT is $307,000, compared to $514,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Provo?
The median single-family home price in Provo, UT is $514,000 (about $262 per square foot).
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