Is Underwood, MN 56586 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Underwood is a seller’s market. With about 1.7 months of supply and 15% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.7Under 4 months = seller’s market

Sold above original list15.4%Share of sales, last 3 months

Median sale-to-list95.9%Sold price ÷ list price

Median days on market40Listing to accepted offer

Median price per sq ft$268▲ +50.9% vs. last year

Run the numbers for 56586

Prefilled for 56586Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56586Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Battle Lake 56515Balanced $251 /sq ft Bluffton 56518Buyer’s market $170 /sq ft Clitherall 56524Seller’s market $215 /sq ft Dalton 56324Seller’s market $160 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology