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UNDERWOOD, IN 47177

Real Estate Market Report  ·  Clark County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The UNDERWOOD, IN real estate market (47177) currently shows 3 active listings. Homes are averaging 62 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 62 days on market compared to 12 days last year.

The median listing price has fallen 63.7% year-over-year, from $625,000 to $226,825.

Whether you are buying or selling in UNDERWOOD, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 2,134  ·  Density: 34.5/mi²  ·  Median household income: $85,294

Typical home value: $176,504  ·  Homeownership: 94.8%

Market Overview

Active Listings
3
⇧ 50% vs 2 last year
Pending
0
0% pending ratio
Median Price
$226,825
⇩ 63.7% vs $625,000 last year
Average Price
$231,850
⇩ 62.9% vs $625,000 last year
Days on Market
62
⇧ 416.7% vs 12 days last year

Price Per Square Foot

Median $/sqft
$186
⇧ 6.3% vs $175/sqft last year
Median Home Size
1,216 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 2 last year
  • Days on market: 62 now vs 12 last year

Median & Average Pricing

Year over Year
  • Median: $226,825 (-63.7% YoY)
  • Average: $231,850 (-62.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.8 miles — 402 listings ($253,870,863 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47177Underwood, IN 471770.0 mi4$940,932$226,900$235,233
47163Otisco, IN 471636.9 mi4$1,493,092$369,000$373,273
47143Memphis, IN 471439.0 mi41$13,387,443$312,400$326,523
47102Austin, IN 4710210.9 mi33$6,218,487$179,675$188,439
47106Borden, IN 4710611.6 mi9$5,825,448$386,200$647,272
47147Nabb, IN 4714713.1 mi4$1,423,168$357,475$355,792
47172Sellersburg, IN 4717214.0 mi88$29,518,192$303,450$335,434
47230Deputy, IN 4723015.7 mi2$412,450$206,225$206,225
47167Salem, IN 4716716.7 mi46$13,778,840$219,900$299,540
47243Hanover, IN 4724317.0 mi27$8,236,620$277,450$305,060
40026Goshen, KY 4002618.2 mi16$11,555,616$627,100$722,226
47104Bethlehem, IN 4710419.0 mi1$270,000$270,000$270,000
40059Prospect, KY 4005919.8 mi127$160,810,575$935,500$1,266,225

Frequently Asked Questions

How many homes are for sale in UNDERWOOD, IN 47177?

As of March 2026, there are 3 active listings in UNDERWOOD, IN (zip code 47177), compared to 2 the prior year.

What is the median home price in UNDERWOOD, IN 47177?

The median listing price in UNDERWOOD, IN 47177 is $226,825 as of March 2026, a 63.7% decrease from $625,000 the prior year.

How long do homes stay on the market in UNDERWOOD, IN?

Homes in UNDERWOOD, IN 47177 spend an average of 62 days on the market before going under contract, compared to 12 days the prior year.

Is it a seller's or buyer's market in UNDERWOOD, IN 47177?

Based on current inventory and days-on-market data as of March 2026, UNDERWOOD, IN 47177 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 62 days on market compared to 12 days last year.

How much can I save on real estate commission in UNDERWOOD, IN?

With SELL123.com's maximum 3% commission, sellers in UNDERWOOD, IN 47177 save an estimated $4,537 compared to a typical 5% commission on the median listing price of $226,825. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.