Photo: John Mackenzie Burke · CC BY-SA 4.025 homes sold in Underhill in the last year, at a typical $627K
Redfin reports Underhill’s sales by ZIP code, so these figures are for ZIP 05489, which takes in Underhill and the area around it. Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Underhill homes are listed.
Every place Underhill homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Underhill.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Underhill’s sales, at a typical $627K
25 homes sold in the year to May 2026.
typical sale · 25 sold in 12 months
- Per square foot
- $262VT $238
- Days to sell
- 52
- Sold over asking
- 38%
Fewer homes sell than a decade ago, at twice the 2016 price
25 sales in the last year, against 44 in 2017 and a low of 26 in 2022. The typical sale went from $293K in 2016 to $627K.
Source: Redfin Data Center, MLS sales; for ZIP 05489, which takes in Underhill and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales.
What $650K buys in Underhill
Check a listing against what Underhill homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Underhill are more common than before the pandemic, but 44% fewer homes come up for sale
We read every month of home sales in ZIP 05489 since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 25 sales.
If you’re buying in Underhill
- Shop in June. It brings about 5 new listings a month, close to the busiest month, with fewer bidding wars (28% over asking).
- Bid near asking. Buyers paid 100.9% of the list price on average; 38% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Summer brings the homes; fall brings the bidding wars
July has the most new listings (about 6 a month), but September is the most competitive: 37% of September sales close over asking. April has the least competition (20%) but only about 3 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than Vermont
| Underhill now | 2017–19 | 2021 peak | VT now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 38% | 18% | 36% | 24% |
| Gone within two weeksShare of homes under contract within 14 days | 51% | 40% | 67% | 39% |
| Listings with a price cutShare of homes for sale that cut their price | — | — | — | 18% |
| Price paid vs. askingAverage sale price ÷ list price | 100.9% | 97.5% | 101.3% | 97.7% |
| Days to sellMedian days from listing to contract | 52 | 62 | 18 | 66 |
6 homes for sale on a typical day
That’s 2.3 times the 2021 low (3), 44% fewer than in 2017–19 and well under 2015’s 31.
Source: Redfin Data Center, ZIP code tracker; for ZIP 05489, which takes in Underhill and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Underhill home costs about $4,056 a month
Price: Underhill’s typical sale, last 12 months. Property tax at Underhill’s 1.5% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Underhill is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. December has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $627K home, about $9,420 a year.
Taxes vs. neighborsSchools
The schools grade for Underhill, from test results, graduation and how much students grow.
Schools in UnderhillTypical commute
The average one-way trip to work for people who live in Underhill.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Milton sells for less a square foot
The busier markets within 25 miles of Underhill, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| South Burlington | 316 | $527K | $278 | 32% | 30 |
| Essex Junction | 111 | $442K | $274 | 42% | 27 |
| Milton | 74 | $442K | $243 | 36% | 63 |
| Winooski | 65 | $429K | $275 | 32% | 39 |
| Jericho | 25 | $450K | $267 | 40% | 122 |
| Underhill (ZIP 05489) | 25 | $627K | $262 | 38% | 52 |
| Waterbury | 21 | $408K | $259 | 24% | 61 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Underhill, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Underhill. People who follow the town see it, and so do people comparing Underhill with their own town. No commission, no listing fee.
Questions about buying a home in Underhill
What do homes sell for in Underhill, VT?
25 homes sold in the year to May 2026 at a typical $627K, $262 a square foot.
Is Underhill a buyer’s or seller’s market?
A seller’s market: 4 homes were for sale in May 2026 and 2 sold, about 2 months of supply. Buyers paid 100.9% of asking on average.
When is the best time to buy in Underhill?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Underhill?
About 1.5% of a home’s value a year. On a $627K home that’s near $9,420.
Where can I see homes for sale in Underhill?
Zillow, Redfin, Realtor.com and Homes.com all carry Underhill’s MLS listings; the search links above open each one filtered to Underhill.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 05489, which takes in Underhill and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).