Lake Mills, IA Housing Market

Homes for sale

The Lake Mills housing market is somewhat competitive.

Trends
Demand
Migration
Schools
Climate

Lake Mills Housing Market Trends

What is the housing market like in Lake Mills today?

$215K

Sale Price

$153

Sale $/Sq. Ft.

Under List Price

4.8%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Lake Mills and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lake Mills add value to a home.

How hot is the Lake Mills housing market?

Lake Mills is somewhat competitive. Homes sell in 25 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 5% below list price and go pending in around 25 days.
Hot homes
can sell for around list price and go pending in around 18 days.

Compare With Nearby Cities

Albert Lea

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 1% below list price and go pending in around 62 days.
Hot homes
can sell for about 2% above list price and go pending in around 16 days.

Clear Lake

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 4% below list price and go pending in around 92 days.
Hot homes
can sell for around list price and go pending in around 44 days.

See more nearby cities and neighborhoods

Lake Mills Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Lake Mills that sold recently

Recently sold homes

SOLD JUN 6, 2025
$16,000 Last Sold Price
—beds
—baths
—sq ft
24396 Maple Dr, Lake Mills, IA 50450
List Price
$17,000
Sale to List
6% under list
Days on Market
35 days
24396 Maple Dr, Lake Mills, IA 50450
SOLD JUN 5, 2025
$235,000 Last Sold Price
4 beds
2.25 baths
2,638 sq ft
204 N Oak St St, Lake Mills, IA 50450
List Price
$259,500
Sale to List
9% under list
Days on Market
179 days
204 N Oak St St, Lake Mills, IA 50450
SOLD JUN 3, 2025
$140,000 Last Sold Price
3 beds
2 baths
2,184 sq ft
501 S Washington St, Lake Mills, IA 50450
List Price
$132,500
Sale to List
6% over list
Days on Market
36 days
501 S Washington St, Lake Mills, IA 50450
SOLD MAY 30, 2025
$320,000 Last Sold Price
4 beds
2 baths
1,679 sq ft
20144 440th St, Lake Mills, IA 50450
List Price
$324,000
Sale to List
1% under list
Days on Market
253 days
20144 440th St, Lake Mills, IA 50450
SOLD MAY 29, 2025
$214,900 Last Sold Price
3 beds
1.5 baths
1,400 sq ft
409 N Western St, Lake Mills, IA 50450
List Price
$214,900
Sale to List
0% over list
Days on Market
38 days
409 N Western St, Lake Mills, IA 50450
SOLD APR 21, 2025
$120,000
—beds
1 bath
1,848 sq ft
307 N Winnebago St, Lake Mills, IA 50450
List Price
—
Sale to List
—
Days on Market
—
307 N Winnebago St, Lake Mills, IA 50450
SOLD APR 18, 2025
$230,000 Last Sold Price
4 beds
3 baths
1,824 sq ft
1004 S Western St, Lake Mills, IA 50450
List Price
$234,000
Sale to List
2% under list
Days on Market
40 days
1004 S Western St, Lake Mills, IA 50450
SOLD APR 16, 2025
$112,000 Last Sold Price
3 beds
1 bath
1,356 sq ft
311 N Winnebago St, Lake Mills, IA 50450
List Price
$124,500
Sale to List
10% under list
Days on Market
180 days
311 N Winnebago St, Lake Mills, IA 50450
See all recently sold homes in Lake Mills.
See listings

Schools in Lake Mills

Learn about schools in the Lake Mills area

Elementary
Middle
High

GreatSchools Rating

6/10

Lake Mills Elementary School

Public • PreK-5

316

Students

1 reviews

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Lake Mills housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Lake Mills.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Minor

92% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Lake Mills

Nearby City Housing Markets

Zip Code Housing Markets

50450 Housing Market

Nearby City Listings

Zip Code Listings

50450 Real Estate

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