Is Underwood, ND 58576 a buyer’s or seller’s market?
Underwood is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Underwood housing market right now
In the three months ending August 31, 2026, 0% of homes in Underwood, ND 58576 sold above their list price, the typical home went under contract in 10 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 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 more slowly (2 days then) and the median sale price rose 702% to $152,334. Overall, Underwood is about as competitive as it was a year ago.
Within McLean County, homes here sell faster than in 86% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Washburn 58577 (17% sold over asking) is even more competitive.
Run the numbers for 58576
Nearby markets
Benedict 58716 $116 /sq ftColeharbor 58531Balanced $231 /sq ftGarrison 58540Balanced $207 /sq ftMax 58759 — /sq ft Browse all markets →Towns like Underwood nearby
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Questions about Underwood real estate
Is Underwood a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Underwood, ND 58576 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 10 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 80.0% of the list price.
What are property taxes in Underwood?
About 0.76% of a home’s value a year in McLean County, or roughly $3,040 on a $400,000 home.
What is the median home price in Underwood?
The median sale price was $152,334 in the three months ending August 31, 2026, about $75 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