Is Underhill, VT 05489 a buyer’s or seller’s market?
Underhill is a balanced market. With about 4.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Underhill housing market right now
In the three months ending August 31, 2026, 75% of homes in Underhill, VT 05489 sold above their list price, the typical home went under contract in 7 days and there were 4.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 40%, homes sold faster (28 days then) and the median sale price fell 12% to $539,766. Overall, Underhill is more competitive than a year ago, so tougher for buyers.
Within Chittenden County, homes here sell faster than in 93% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Huntington 05462 (0% sold over asking) or Burlington 05401 (23% sold over asking).
Run the numbers for 05489
Nearby markets
Burlington 05401Balanced $360 /sq ftBurlington 05408Seller’s market $335 /sq ftCharlotte 05445Seller’s market $377 /sq ftColchester 05446Seller’s market $282 /sq ft Browse all markets →Towns like Underhill nearby
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Questions about Underhill real estate
Is Underhill a buyer’s or seller’s market?
A balanced market: there were 4.4 months of supply in Underhill, VT 05489 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Underhill?
The typical home went under contract in 7 days in the latest three months.
Do homes in Underhill sell over asking?
75% of homes sold above their original list price, and the typical sale closed at 102.5% of the list price.
What are property taxes in Underhill?
About 1.51% of a home’s value a year in Chittenden County, or roughly $6,040 on a $400,000 home.
What is the median home price in Underhill?
The median sale price was $539,766 in the three months ending August 31, 2026, about $288 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology