Underwood's real estate market is currently hot with low inventory and high demand. The median home price of $284,750 represents a substantial 30.6% increase from this time last year. With only 1 active listings, inventory is 67% lower than typical for this time of year. Transaction volume is up 100% compared to what's typically expected this time of year. A significant 100.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Underwood market with the affordability index at 1586.4. Based on current market indicators, home prices in Underwood are projected to increase by approximately 3.8% over the next month.