Underwood Estates
Homes for Sale in Palatka, FL
True comps, carrying-cost math, and listings before the portals.
Price here is driven by condition and vintage more than anything else. With a housing stock that runs from 1945 to 2023 and a median build year of 1984, two homes at the same square footage can sit far apart on price depending on updates, roof, systems, and how much of the original house is still original. The $290,000 median and roughly $167 per square foot are useful anchors, but expect a wide spread around them, and read every listing on its own terms.
The market posture is patient. A median of about 121 days on market tells you homes are not moving quickly, so buyers have room to inspect, negotiate, and walk away from anything overpriced for its condition. Sellers should price to the actual state of the house from day one; the data does not reward optimistic pricing that waits for the market to catch up.
Underwood Estates right now
🟡 Balanced market. 3.0 months of supply and 0% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of realMLS records, as of July 14, 2026. Confidence: Low (1 active and pending listings, 4 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated July 14, 2026 · Live data: realMLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Underwood Estates market snapshot (as of July 14, 2026): the median sale price is about $290K ($167 per sq ft over the trailing 12 months of closed sales), a median 122 days on market for closed sales, and 3.0 months of supply, a balanced market.
Underwood Estates is a community of 42 homes in Palatka, Putnam County, built between 1945 and 2023 (median 1984.0), with a median living area of about 2,060 square feet. 76% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Underwood Estates is a small, established pocket of Palatka in Putnam County, with 42 homes and a build range spanning nearly eight decades, so what you buy depends heavily on which era and condition you land on.
The setting & the homes.
Aerial and on-site photos of Underwood Estates. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Underwood EstatesPhotos from realMLS listings in Underwood Estates; content deemed reliable but not guaranteed.
Who Underwood Estates is best for.
Best for
- Owner-occupant buyers around the $290,000 median who plan to stay put and value an established location over speed
- Renovation-minded buyers willing to take on an older home and budget for updates
- Buyers who want time to inspect and negotiate rather than compete in a fast market
Probably not for
- Buyers who need to close and resell on a short timeline
- Anyone expecting quick, liquid comps to justify a fast offer
- Buyers wanting uniform, newer construction with predictable pricing
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 14 of each year, from record-level realMLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($290K) IS the median in the snapshot above.
Windows contain 0 to 4 sales each (4 in the current window); every figure carries its sample size, and thin markets swing on single closings. Source: Data provided by realMLS. Deemed reliable but not guaranteed.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Putnam County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Putnam County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
23% of homes for sale in ZIP 32177 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-07-18).
Underwood Estates Market Scorecard
Underwood Estates is currently a balanced market. About 3.0 months of supply, a median asking price of $299,900, and homes go under contract in about 159 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Underwood Estates
Live MLS inventory for Underwood Estates. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Underwood Estates listings as of 2026-07-14, priced high to low. Source: Data provided by realMLS. Tap any home to ask about it.
Underwood Estates on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from realMLS. Map data © OpenStreetMap, tiles © CARTO.
Life at Underwood Estates
- Security Lights · reported on 1 of 2 listings
Community amenities as reported across realMLS listings in this community; deemed reliable but not guaranteed. Verify current amenities and access with the HOA.
The Underwood Estates buying strategy.
If we were buying in Underwood Estates today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Underwood Estates.
A condition-driven market with a long time horizon
The defining feature of this community is age spread. A median year built of 1984 with the oldest homes going back to 1945 and the newest to 2023 means you are shopping a mix of mid-century original construction, later infill, and a handful of recent builds. The median living area of about 2,060 square feet is a reasonable size for the area, but square footage tells you little until you know the vintage and how much has been renovated.
Roughly 76 percent of homes here are homesteaded, which points to an owner-occupied core rather than a heavy investor or short-term rental presence. Combined with the long median days on market and a thin closings window, that means comparable sales can be scarce and stale, so pricing takes real work rather than a quick glance at recent activity.
The location and the amenities are priced into every listing in Underwood Estates. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Underwood Estates buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (5.9). Basis: Liquidity & Demand 3.0 months of supply; Owner Commitment 76% owner-occupied; Pricing Power 89.8% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a market this small and this varied by vintage, comps are the whole game. We do the work of separating a 1950s original from a recently updated house of the same size, price to the actual condition rather than a hopeful number, and use the slow pace of sales as leverage instead of a liability. That is how you avoid overpaying as a buyer and overpricing as a seller.
Underwood Estates in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Underwood Estates buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Underwood Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Underwood Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Underwood Estates home worth?
Get a no-obligation home value based on real comparable sales in Underwood Estates, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in Underwood Estates on the map →
Frequently Asked Questions
What is the median home price in Underwood Estates?
How long do homes in Underwood Estates take to sell?
Is Underwood Estates a buyer's or seller's market right now?
How many homes are in Underwood Estates?
What share of Underwood Estates is owner-occupied?
When were the homes in Underwood Estates built?
Do cash buyers compete in Underwood Estates?
Who is the best real estate agent for Underwood Estates?
How do I find a top Palatka real estate agent who knows Underwood Estates?
Can Momentum Realty connect me with an agent for Underwood Estates?
Should you buy in Underwood Estates?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Underwood Estates with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | realMLS, refreshed twice daily (last: July 14, 2026) |
| Community market stats | realMLS closed sales, 12-month windows ending July 14, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (3 streets, ZIP 32177)) |
| Under-contract shares | realMLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2001 (37 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of realMLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the realMLS member average and 8 days faster, and we’ll price yours against live your area comps.
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