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City / Town Overview

Underwood, MN

Aggregate real estate market report across all ZIPs in scope
Seller's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Underwood, MN real estate market currently shows 11 active listings, with 3 pending sales. Homes are averaging 34 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 34 days on market compared to 109 days last year.

The median listing price has fallen 3.5% year-over-year, from $411,225 to $396,950.

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Market Context

Market Context

Population: 1,808  ·  Density: 9.5/mi²  ·  Median household income: $76,080

Typical home value: $265,838  ·  Homeownership: 91.8%

Included Areas

Underwood: 56586

Area Map

Market Overview

Active Listings
11
⇩ 31.3% vs 16 last year
Pending
3
27% pending ratio
Median Price
$396,950
⇩ 3.5% vs $411,225 last year
Average Price
$490,522
⇧ 27.7% vs $384,209 last year
Days on Market
34
⇩ 68.8% vs 109 days last year

Price Per Square Foot

Median $/sqft
$288
⇧ 47.7% vs $195/sqft last year
Median Home Size
1,813 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %