Market Overview
balancedProvo’s median home price is roughly 8.5% below the Utah average and homes sell about 10 days faster (62 days vs. 72 days statewide).- •Median price fell 10.1% month‑over‑month to $475K, keeping Provo more affordable than the state median of $518.9K.
- •Sale‑to‑list ratio remains high at 98.8%, indicating buyers are still willing to meet asking prices.
- •Mortgage rates have ticked up over the past 30 days, with the 30‑year rate rising from 6.24% to 6.35%.
- •Unemployment is stable (Utah 3.6%, national 4.3%) and consumer sentiment has held steady around 56.
- •City‑specific news – the preservation of park land near Kiwanis Park and the opening of Utah’s first Waldorf‑inspired high school – bolster quality‑of‑life factors that attract families and renters.
Featured Homes in Provo
Top-scoring active listings in Provo
Deals & Lifestyle in Provo
Best-priced homes and the outdoor lifestyle you're after
Highlights in Provo
Luxury, new construction, scenic views and more
Frequently Asked Questions About Provo Real Estate
As of May 2026, the median home price in Provo, Utah is $475,000, which is 8.3% below the Utah state median of $517,990. Home prices in Provo range from $189,900 to $43,000,000, with an average sale price of $587,451. These figures are based on recent closed transactions in the Provo real estate market.
Provo, Utah is currently a balanced market. Key indicators include an average sale-to-list price ratio of 98.7% and homes spending an average of 62 days on the market. Provo’s median home price is roughly 8.5% below the Utah average and homes sell about 10 days faster (62 days vs. 72 days statewide).
Homes in Provo, Utah spend an average of 62 days on the market before going under contract compared to the Utah state average of 72 days (13.3% below average). This gives buyers time to carefully evaluate options and negotiate terms. Properties that are priced competitively and show well tend to sell fastest.
