Population: 2,134 · Density: 34.5/mi² · Median household income: $85,294
Typical home value: $176,504 · Homeownership: 94.8%
Data as of January 2026. Source: Realtor.com.
The UNDERWOOD, IN real estate market (47177) currently shows 3 active listings, with 1 pending sales. Homes are averaging 23 days on the market before going under contract.
Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.
Homes are selling faster, averaging 23 days on market compared to 125 days last year.
The median listing price has fallen 31.2% year-over-year, from $330,000 to $226,900.
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 47177 | Underwood, IN 47177 | 0.0 mi | 3 | $701,850 | $226,900 | $233,950 |
| 47163 | Otisco, IN 47163 | 6.9 mi | 5 | $2,208,750 | $407,000 | $441,750 |
| 47143 | Memphis, IN 47143 | 9.0 mi | 43 | $13,432,813 | $304,900 | $312,391 |
| 47102 | Austin, IN 47102 | 10.9 mi | 31 | $5,475,623 | $177,000 | $176,633 |
| 47106 | Borden, IN 47106 | 11.6 mi | 9 | $6,233,220 | $425,000 | $692,580 |
| 47147 | Nabb, IN 47147 | 13.1 mi | 2 | $909,900 | $454,950 | $454,950 |
| 47172 | Sellersburg, IN 47172 | 14.0 mi | 83 | $26,461,147 | $299,800 | $318,809 |
| 47230 | Deputy, IN 47230 | 15.7 mi | 3 | $524,850 | $174,950 | $174,950 |
| 47167 | Salem, IN 47167 | 16.7 mi | 50 | $13,208,500 | $207,500 | $264,170 |
| 47243 | Hanover, IN 47243 | 17.0 mi | 21 | $6,519,975 | $277,450 | $310,475 |
| 40026 | Goshen, KY 40026 | 18.2 mi | 16 | $11,669,600 | $639,000 | $729,350 |
| 47104 | Bethlehem, IN 47104 | 19.0 mi | 1 | $270,000 | $270,000 | $270,000 |
| 40059 | Prospect, KY 40059 | 19.8 mi | 123 | $149,913,876 | $879,950 | $1,218,812 |
As of January 2026, there are 3 active listings in UNDERWOOD, IN (zip code 47177), compared to 1 the prior year.
The median listing price in UNDERWOOD, IN 47177 is $226,900 as of January 2026, a 31.2% decrease from $330,000 the prior year.
Homes in UNDERWOOD, IN 47177 spend an average of 23 days on the market before going under contract, compared to 125 days the prior year.
Based on current inventory and days-on-market data as of January 2026, UNDERWOOD, IN 47177 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 23 days on market compared to 125 days last year.
With SELL123.com's maximum 3% commission, sellers in UNDERWOOD, IN 47177 save an estimated $4,538 compared to a typical 5% commission on the median listing price of $226,900. 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.