Underwood's real estate market is experiencing a price correction, with values down 30.6% from last year. Home prices have increased 66.9% in the past month alone. With 3.0 months of supply, Underwood's inventory levels remain relatively tight. Homes are taking about 5 days to sell, which is -4 days longer than this time last year. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Underwood market with the affordability index at 1785.7. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.