Is New Underwood, SD 57761 a buyer’s or seller’s market?

The New Underwood housing market right now

In the three months ending August 31, 2026, 20% of homes in New Underwood, SD 57761 sold above their list price, the typical home went under contract in 50 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold more slowly (47 days then) and the median sale price fell 24% to $263,886. Overall, New Underwood is less competitive than a year ago, which gives buyers more room.

Within Meade County, homes here sell faster than in any other ZIP code in the county, and sell less often over asking than in 60%.

Nearby, buyers who want less competition could look at Box Elder 57719 (17% sold over asking) or Sturgis 57785 (18% sold over asking), while Fort Meade 57741 (100% sold over asking) and Black Hawk 57718 (26% sold over asking) are even more competitive.