New Underwood's real estate market is picking up 50.5 percent by average listing price, year-over-year. Last year, [the average listing price was $115,000] and rose to $173,125 in this year. Such a large surge is a positive trend for current homeowners and new buyers in the local area looking to profit from rapidly increasing property values. Inventory rose by a whopping 300 percent year-over-year. The number of listings on the market increased from 1 to 4 this year, greatly expanding the range of options for buyers searching for homes here.