Aug 2026
$489K
+2.8% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Provo, UT housing market
Provo, UT median sale price $489K in Aug 2026, up 2.8% year over year. Also days on market, price cuts, affordability and ZIP-code figures.
The median sale price in Provo, UT is $489K as of Aug 2026, up 2.8% from a year earlier. That change sits near the middle of the 195 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro agrees within 0.7 points (up 3.5% through Q2 2026).
On median sale price, Provo ($489K) ranks 3rd of the four Utah metros Pecan Street tracks, between St. George ($535K) and Ogden ($380K). On median days on market, Provo (64 days) ranks 2nd of the four Utah metros, between St. George (72 days) and Ogden (58 days). On share of listings with a price cut, Provo (46%) ranks 3rd of the four Utah metros, between Ogden (54%) and St. George (34%).
Listings spent a median 64 days on market in Sep 2026, more than in most of the 195 metros. 46% of active listings carry a price cut, 0.2 points more than a year earlier. That share is higher than in most of the 195 metros. Building permits authorized 331 new housing units in Aug 2026.
At the 7.45% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $2,722 a month; at 28% of gross income, that takes about $117K a year. The median sale price equals about 22 years of HUD Fair Market Rent, a ratio up 10.6% from a year earlier. That ratio is the 17th-highest of the 195 metros. Active listings ask a median $220 per square foot, up 2.5% from a year earlier.
Median list prices are higher than a year earlier in six of the 12 ZIP codes in the table below and lower in six.
Headline
Oct 6, 2026
7.45%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$2,722/mo
$117K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Provo compares to other U.S. metros
| Price-to-rent | ↑17th of 195 (top 9%) |
|---|---|
| Price cuts | ↑33rd of 195 (top 17%) |
| Days on market | ↑62nd of 195 (top 32%) |
| Home-price growth | 80th of 195 (top 42%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 22 +10.6% YoY ↑17th of 195 (top 9%) |
|---|---|
| Asking price / sq ft | $220 +2.5% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 46% +0.2 pts YoY ↑33rd of 195 (top 17%) |
|---|---|
| New housing units permitted | 331 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 12 shown of 27 |
|---|---|
| MLS board of record | Wasatch Front Regional MLS (WFRMLS) |
| Price methodology | Redfin vs FHFA HPI |
| Data as of | Aug 2026 |
Recent signals
Strength 4 / 5
$508K
Provo median sale price crossed $500K — now $508K
Crossing $500K is a narrative hinge — buyer shopping-by-price bands and seller list-price anchoring both reset when a market moves past a round number.
Price reconciliation
normal · 0.7ppRedfin (city) +2.8% | FHFA HPI · Q2 2026 +3.5% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
Market dispatches
Citable market dispatches for Provo → Latest dispatch: Sep 11, 2026.
More markets in UT
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 84003 | $624K↓ | 198↑ | 46↑ | 116↑ | 57↓ | $600K↑ |
| 84005 | $535K↑ | 407↓ | 132↓ | 248↓ | 56↑ | $505K↓ |
| 84043 | $633K↓ | 128↓ | 58↓ | 80↓ | 55↓ | $580K↑ |
| 84045 | $591K↑ | 393↓ | 156↓ | 148↓ | 66↑ | $547K↑ |
| 84062 | $630K↑ | 119↑ | 40↓ | 74↑ | 68↑ | $586K↑ |
| 84604 | $731K↓ | 108↑ | 26 | 52↑ | 73↑ | $612K↑ |
| 84651 | $521K↓ | 122↓ | 36↓ | 54↓ | 61↑ | $523K↑ |
| 84653 | $650K↓ | 156↓ | 44↑ | 44↓ | 58↓ | $640K↑ |
| 84655 | $548K↑ | 114↑ | 26↑ | 62↑ | 72↓ | $502K↑ |
| 84660 | $550K↓ | 198↑ | 40↓ | 68↑ | 67↓ | $516K↑ |
| 84663 | $548K↑ | 103↓ | 32↑ | 42↑ | 55↓ | $506K↑ |
| 84664 | $608K↑ | 178↑ | 40↓ | 50↑ | 102↑ | $721K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.