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Is Underwood, IN 47177 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Underwood is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list97.8%Sold price ÷ list price
Median days on market58Listing to accepted offer
Median price per sq ft$180▼ −10.1% vs. last year

The Underwood housing market right now

In the three months ending August 31, 2026, 0% of homes in Underwood, IN 47177 sold above their list price, the typical home went under contract in 58 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (93 days then) and the median sale price rose 57% to $314,864. Overall, Underwood is more competitive than a year ago, so tougher for buyers.

Nearby, Austin 47102 (15% sold over asking) and Scottsburg 47170 (9% sold over asking) are even more competitive.

Run the numbers for 47177

Prefilled for 47177Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47177Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Austin 47102Seller’s market $129 /sq ftScottsburg 47170Seller’s market $165 /sq ft Browse all markets →

Towns like Underwood nearby

Find towns like Underwood in other states →
Hardinsburg, IN47125 · 31 miles away83% similarmore single-family homes Elizabethtown, IN47232 · 36 miles away83% similarpricier homes ($53K more) · older residents Palmyra, IN47164 · 22 miles away80% similarpricier homes ($77K more) · larger Campbellsburg, KY40011 · 34 miles away80% similarpricier homes ($28K more) · more single-family homes

Where Underwood is

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Questions about Underwood real estate

Is Underwood a buyer’s or seller’s market?

A buyer’s market: there were 8 months of supply in Underwood, IN 47177 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 Underwood?

The typical home went under contract in 58 days in the latest three months.

Do homes in Underwood sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.

What are property taxes in Underwood?

About 0.65% of a home’s value a year in Scott County, or roughly $2,600 on a $400,000 home.

What is the median home price in Underwood?

The median sale price was $314,864 in the three months ending August 31, 2026, about $180 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