Lake Mills, IA Housing Market

The Lake Mills housing market is somewhat competitive. The median sale price of a home in Lake Mills was $103K last month, up 21.2% since last year. The median sale price per square foot in Lake Mills is $76, down 29.0% since last year.

Trends
Demand
Migration
Schools
Climate

Lake Mills Housing Market Trends

What is the housing market like in Lake Mills today?

$103K

Sale Price

+21.2%
since last year

$76

Sale $/Sq. Ft.

-29.0%
since last year

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

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% below list price and go pending in around 22 days.
Hot homes
can sell for around list price and go pending in around 9 days.

Clear Lake

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 65 days.
Hot homes
can sell for around list price and go pending in around 39 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 NOV 29, 2024
$96,000 Last Sold Price
3 beds
3 baths
1,242 sq ft
204 S Lincoln St, Lake Mills, IA 50450
List Price
$110,000
Sale to List
13% under list
Days on Market
106 days
204 S Lincoln St, Lake Mills, IA 50450
SOLD NOV 5, 2024
$110,000 Last Sold Price
3 beds
2 baths
1,456 sq ft
901 S Washington St, Lake Mills, IA 50450
List Price
$125,000
Sale to List
12% under list
Days on Market
189 days
901 S Washington St, Lake Mills, IA 50450
SOLD OCT 16, 2024
$122,000
—beds
1 bath
1,300 sq ft
403 Garden St, Lake Mills, IA 50450
List Price
—
Sale to List
—
Days on Market
—
403 Garden St, Lake Mills, IA 50450
SOLD OCT 10, 2024
$67,500
—beds
2 baths
907 sq ft
106 N Grant St, Lake Mills, IA 50450
List Price
—
Sale to List
—
Days on Market
—
106 N Grant St, Lake Mills, IA 50450
SOLD SEP 30, 2024
$221,450 Last Sold Price
3 beds
2 baths
960 sq ft
802 S Western St, Lake Mills, IA 50450
List Price
$198,000
Sale to List
12% over list
Days on Market
96 days
802 S Western St, Lake Mills, IA 50450
SOLD SEP 20, 2024
$212,500 Last Sold Price
3 beds
1.5 baths
1,248 sq ft
705 Milton Ave, Lake Mills, IA 50450
List Price
$219,000
Sale to List
3% under list
Days on Market
74 days
705 Milton Ave, Lake Mills, IA 50450
SOLD SEP 17, 2024
$110,000
—beds
1 bath
1,092 sq ft
313 N Winnebago St, Lake Mills, IA 50450
List Price
—
Sale to List
—
Days on Market
—
313 N Winnebago St, Lake Mills, IA 50450
SOLD SEP 13, 2024
$12,500
—beds
2.5 baths
1,391 sq ft
201 S Lake St, Lake Mills, IA 50450
List Price
—
Sale to List
—
Days on Market
—
201 S Lake 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

7/10

Lake Mills Elementary School

Public • PreK-5

325

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

New Listings in 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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