Is Underwood, WA 98651 a buyer’s or seller’s market?
Underwood is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Underwood housing market right now
In the three months ending August 31, 2026, 0% of homes in Underwood, WA 98651 sold above their list price, the typical home went under contract in 51 days and there were 4.3 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 3 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 25%, homes sold more slowly (45 days then) and the median sale price fell 50% to $734,682. Overall, Underwood is less competitive than a year ago, which gives buyers more room.
Within Skamania County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Bingen 98605 (33% sold over asking) and Carson 98610 (25% sold over asking) are even more competitive.
Run the numbers for 98651
Nearby markets
Bingen 98605Balanced $338 /sq ftCarson 98610Buyer’s market $385 /sq ftCougar 98616 — /sq ftNorth Bonneville 98639Buyer’s market $493 /sq ft Browse all markets →Where Underwood is
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Questions about Underwood real estate
Is Underwood a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Underwood, WA 98651 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 51 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 97.7% of the list price.
What are property taxes in Underwood?
About 0.67% of a home’s value a year in Skamania County, or roughly $2,680 on a $400,000 home.
What is the median home price in Underwood?
The median sale price was $734,682 in the three months ending August 31, 2026, about $469 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