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WALNUT, IA 51577

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The WALNUT, IA real estate market (51577) currently shows 4 active listings, with 2 pending sales. Homes are averaging 23 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 23 days on market compared to 138 days last year.

The median listing price has fallen 59.2% year-over-year, from $395,000 to $161,250.

Whether you are buying or selling in WALNUT, IA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 1,326  ·  Density: 6.1/mi²  ·  Median household income: $62,500

Typical home value: $117,339  ·  Homeownership: 74.5%

Market Overview

Active Listings
4
⇧ 33.3% vs 3 last year
Pending
2
50% pending ratio
Median Price
$161,250
⇩ 59.2% vs $395,000 last year
Average Price
$163,250
⇩ 48.6% vs $317,667 last year
Days on Market
23
⇩ 83.3% vs 138 days last year

Price Per Square Foot

Median $/sqft
$98
⇩ 31% vs $142/sqft last year
Median Home Size
1,918 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 3 last year
  • Days on market: 23 now vs 138 last year

Median & Average Pricing

Year over Year
  • Median: $161,250 (-59.2% YoY)
  • Average: $163,250 (-48.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.9 miles — 152 listings ($38,534,360 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
51577Walnut, IA 515770.0 mi3$451,749$150,725$150,583
51521Avoca, IA 515217.4 mi14$3,526,292$242,250$251,878
50022Atlantic, IA 5002210.8 mi53$10,950,383$187,950$206,611
51537Harlan, IA 5153713.5 mi30$7,680,150$226,975$256,005
51560Oakland, IA 5156014.4 mi8$2,849,944$300,000$356,243
50042Brayton, IA 5004216.4 mi1$120,000$120,000$120,000
51553Minden, IA 5155318.1 mi4$1,332,932$339,900$333,233
51525Carson, IA 5152519.5 mi3$637,500$212,500$212,500
51578Westphalia, IA 5157820.3 mi1$140,000$140,000$140,000
51446Irwin, IA 5144621.6 mi1$35,000$35,000$35,000
51532Elliott, IA 5153223.3 mi2$90,334$41,250$45,167
51559Neola, IA 5155923.7 mi6$2,035,998$268,500$339,333
50025Audubon, IA 5002524.9 mi26$8,684,078$251,875$334,003

Frequently Asked Questions

How many homes are for sale in WALNUT, IA 51577?

As of March 2026, there are 4 active listings in WALNUT, IA (zip code 51577), compared to 3 the prior year.

What is the median home price in WALNUT, IA 51577?

The median listing price in WALNUT, IA 51577 is $161,250 as of March 2026, a 59.2% decrease from $395,000 the prior year.

How long do homes stay on the market in WALNUT, IA?

Homes in WALNUT, IA 51577 spend an average of 23 days on the market before going under contract, compared to 138 days the prior year.

Is it a seller's or buyer's market in WALNUT, IA 51577?

Based on current inventory and days-on-market data as of March 2026, WALNUT, IA 51577 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 23 days on market compared to 138 days last year.

How much can I save on real estate commission in WALNUT, IA?

With SELL123.com's maximum 3% commission, sellers in WALNUT, IA 51577 save an estimated $3,225 compared to a typical 5% commission on the median listing price of $161,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.