Is Carter Lake, IA 51510 a buyer’s or seller’s market?
Carter Lake is a seller’s market. With about 2.2 months of supply and 30% 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.
The Carter Lake housing market right now
In the three months ending August 31, 2026, 30% of homes in Carter Lake, IA 51510 sold above their list price, the typical home went under contract in 28 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold more slowly (8 days then) and the median sale price rose 11% to $221,904. Overall, Carter Lake is less competitive than a year ago, which gives buyers more room.
Within Pottawattamie County, homes here sell faster than in 67% of the county’s ZIP codes, and sell less often over asking than in 58%.
Nearby, buyers who want less competition could look at Underwood 51576 (0% sold over asking) or Carson 51525 (0% sold over asking), while Treynor 51575 (100% sold over asking) and Walnut 51577 (100% sold over asking) are even more competitive.
Run the numbers for 51510
Nearby markets
Avoca 51521Balanced $73 /sq ftCarson 51525Seller’s market $174 /sq ftCouncil Bluffs 51501Seller’s market $156 /sq ftCouncil Bluffs 51503Seller’s market $155 /sq ft Browse all markets →Towns like Carter Lake nearby
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Questions about Carter Lake real estate
Is Carter Lake a buyer’s or seller’s market?
A seller’s market: there were 2.2 months of supply in Carter Lake, IA 51510 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Carter Lake?
The typical home went under contract in 28 days in the latest three months.
Do homes in Carter Lake sell over asking?
30% of homes sold above their original list price, and the typical sale closed at 101.2% of the list price.
What are property taxes in Carter Lake?
About 1.57% of a home’s value a year in Pottawattamie County, or roughly $6,280 on a $400,000 home.
What is the median home price in Carter Lake?
The median sale price was $221,904 in the three months ending August 31, 2026, about $176 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology