Lake Mills, IA Home Values & Market Trends
Real estate market trends reflect that there have been 37 transactions over the past year in Lake Mills. The median value for residential home transactions that occurred over the previous year is $139,266. The number of current listings in Lake Mills is 31, and the percentage of properties for sale in the city is 31.00%. Lake Mills, IA currently has 1 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 31 properties for sale.
Lake Mills, IA Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 50450 | $ 139,266 $ 95/sqft |
Housing Market Summary for Lake Mills, IA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $130K | $130K | - |
| Median Sold Price | $205.8K | $172.8K | -16.03% |
| Homes For Sale | 21 | 32 | 52.38% |
| Homes Sold | 7 | 11 | 57.14% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Lake Mills, IA
Browse Homes in Lake Mills, IA
Lake Mills home values range from $18,268 to $558,693. The median estimated value of a home in Lake Mills is $139,266. The median list price of a home is 130,000, and the total count of properties in the city is 48.
- Pre-ForeclosurePre-foreclosure homes account for 2.08% of all residential properties in Lake Mills, IA with 50450 containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Lake Mills, IA; of that zips, the estimated home value for pre-foreclosure homes ranges from $236,919 in 50450 to the lowest home value of $236,919 in 50450.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lake Mills, IA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Lake Mills, IA. There is 1 zips within Lake Mills, IA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Lake Mills, IA. Auction homes and other auction properties account for 0% of all properties in Lake Mills, IA. There is 1 zips within Lake Mills, IA; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Lake Mills, IA
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
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