Lake Mills, IA Market Trends

Last updated November 15, 2026

The median home price in Lake Mills is $249,900, up 92.4% year-over-year. Median price per square foot is down 17.7% at $93/sq. ft. Homes are selling in 110 days on average, compared to 45 days last year. As of November 15, 2026, there are 6 active listings on the market.

Median home price

$249K

92.4% YoY

YoY price change

+92.4%

+$120,000

Days on market

110

+65 days YoY

Active homes

6

14.3% YoY

Market trends and statistics

Median list price

$249,900

92.4% YoY

Inventory

6

14.3% YoY

Price per SqFt

$93

17.7% YoY

Days on market

110 days

144.4% YoY

Home size

1,894 sqft

58.4% YoY

Compare nearby cities

City	Median price	YoY change	$/Sqft	Days on market	Active homes
Lake Mills	$249,900	+92.4%	$93	110	6
Norway	$163,500	+7.2%	$133	11	5
Scarville	$349,999	-5.1%	$126	222	1
Joice	$99,900	+2.5%	$74	30	1
Newton	$219,500	+0.2%	$175	70	128
Leland	—	—	—	38	7

Education in Lake Mills, IA

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Lake Mills Community School District

Lake Mills Community School District has 1 high school, 1 middle school, and 1 elementary school. It has an overall average GreatSchools rating of 7/10.

6/10

Lake Mills Elementary School

Grades PK, K-5

See zoned homes

Data provided by GreatSchools.