Is Walnut, IA 51577 a buyer’s or seller’s market?
Walnut is a seller’s market. With about 3.2 months of supply and 100% 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 Walnut housing market right now
In the three months ending August 31, 2026, 100% of homes in Walnut, IA 51577 sold above their list price, the typical home went under contract in 60 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (393 days then) and the median sale price fell 47% to $201,163. Overall, Walnut is more competitive than a year ago, so tougher for buyers.
Within Pottawattamie County, homes here sell more slowly than in 92% of the county’s ZIP codes, and sell more often over asking than in 92%.
Nearby, buyers who want less competition could look at Underwood 51576 (0% sold over asking) or Carson 51525 (0% sold over asking).
Run the numbers for 51577
Nearby markets
Avoca 51521Balanced $73 /sq ftCarson 51525Seller’s market $174 /sq ftCarter Lake 51510Seller’s market $176 /sq ftCouncil Bluffs 51501Seller’s market $156 /sq ft Browse all markets →Towns like Walnut nearby
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Questions about Walnut real estate
Is Walnut a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Walnut, IA 51577 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 Walnut?
The typical home went under contract in 60 days in the latest three months.
Do homes in Walnut sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 104.0% of the list price.
What are property taxes in Walnut?
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 Walnut?
The median sale price was $201,163 in the three months ending August 31, 2026, about $113 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