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Featured local agent — Lake Mills, WI
Sarah Mitchell
Compass Real Estate · Lake Mills, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Mills, WI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$440,000median sale price
How is the Lake Mills, WI housing market right now?
The median home sale price in Lake Mills, WI is $440,000, up 3.5% year-over-year. Homes sell in an average of 39 days with 24 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Mills a buyer's or seller's market?
Lake Mills, WI is currently a balanced market, based on 3.4 months of supply and homes selling in about 39 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
39
Average pace
Active listings
24
3.4 months supply
Sale-to-list
98.8%
Below asking
What does the Lake Mills housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $440,000 |
| Median list price | $419,900 |
| Year-over-year price change | +3.5% |
| Average days on market | 39 days |
| Active inventory | 24 listings |
| Months of supply | 3.4 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $209/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 16 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Mills by property type?
How the Lake Mills, WI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $440,000 | $209/sq ft | 7 | 39 days |
| Condo / Co-op | $549,500 | $200/sq ft | 3 | 159 days |
| Townhouse | $353,500 | $206/sq ft | 2 | 66 days |
Source: Redfin · Updated monthly
The Lake Mills housing market is currently classified as a balanced market with a median sale price of $440,000. Prices have risen 3.5% compared to last year, with homes spending an average of 39 days on market, indicating 3.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.0x provides context for how home values compare to local earning capacity.
Homes for sale in Lake Mills
There are currently 24 homes listed for sale in Lake Mills, Wisconsin. The median listing price is $420K.
Active listings
24
Homes on market
Median list price
$420K
Avg. days on market
39
Days until sale
New this week
16
Newly listed
Who lives in Lake Mills?
Population
6,391
Median income
$87,039/yr
Median age
40.2 years
Owner-occupied
68.6%
College grads
45.0%
Avg commute
25.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Mills?
Zillow home value
$434,264
Price-to-income
5.0x
Source: Zillow Research
What is it like to live in Lake Mills?
Lake Mills is a community of approximately 6K residents with a median age of 40.2 years.The median household income is $87,039, which reflects a relatively affluent area with strong earning potential. 45.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 68.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Mills offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lake Mills?
3 schools tracked · 1,482 students
The largest public schools serving Lake Mills, WI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lake Mills Elementary
Grades PK-4 · 616 students
Lake Mills High
Grades 9-12 · 477 students
Lake Mills Middle
Grades 5-8 · 389 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lake Mills, WI?
Want a head-to-head view? Compare Lake Mills side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Mills?
The median home sale price in Lake Mills is $440,000, up 3.5% from last year.
How long do homes stay on market in Lake Mills?
Homes typically spend 39 days on market before going under contract.
What is the median income in Lake Mills?
The median household income is $87,039 per year.
Is Lake Mills a buyer's or seller's market?
With 3.4 months of supply, Lake Mills is currently a balanced market.
What is the Zillow home value estimate for Lake Mills?
The Zillow Home Value Index (ZHVI) for Lake Mills is $434,264, representing the typical home value in the area.
What is the median condo price in Lake Mills?
The median condo/co-op sale price in Lake Mills, WI is $549,500, compared to $440,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lake Mills?
The median single-family home price in Lake Mills, WI is $440,000 (about $209 per square foot).
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