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LAKE MILLS, IA 50450

Real Estate Market Report  ·  Winnebago County
Balanced Market
July 2026  ·  Source: Realtor.com

Market Analysis

Data as of July 2026. Source: Realtor.com.

The LAKE MILLS, IA real estate market (50450) currently shows 10 active listings, with 2 pending sales. Homes are averaging 71 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 71 days on market compared to 61 days last year.

The median listing price has risen 51.5% year-over-year, from $151,250 to $229,125.

Whether you are buying or selling in LAKE MILLS, IA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 2,839  ·  Density: 13.0/mi²  ·  Median household income: $73,142

Typical home value: $136,010  ·  Homeownership: 71.3%

Market Overview

Active Listings
10
⇩ 9.1% vs 11 last year
Pending
2
20% pending ratio
Median Price
$229,125
⇧ 51.5% vs $151,250 last year
Average Price
$248,700
⇧ 50% vs $165,800 last year
Days on Market
71
⇧ 16.4% vs 61 days last year

Price Per Square Foot

Median $/sqft
$121
⇧ 21% vs $100/sqft last year
Median Home Size
1,843 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 11 last year
  • Days on market: 71 now vs 61 last year

Median & Average Pricing

Year over Year
  • Median: $229,125 (+51.5% YoY)
  • Average: $248,700 (+50% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.1 miles — 79 listings ($16,598,715 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
50450Lake Mills, IA 504500.0 mi8$1,242,824$128,675$155,353
56029Emmons, MN 560297.3 mi3$697,500$220,500$232,500
50444Hanlontown, IA 5044411.1 mi2$170,000$85,000$85,000
56051Kiester, MN 5605112.4 mi6$739,050$120,975$123,175
50478Thompson, IA 5047813.3 mi3$247,350$82,450$82,450
50448Kensett, IA 5044814.5 mi2$233,000$116,500$116,500
56036Glenville, MN 5603617.5 mi9$2,480,463$174,950$275,607
56014Bricelyn, MN 5601419.0 mi2$249,000$124,500$124,500
50432Crystal Lake, IA 5043219.5 mi1$130,000$130,000$130,000
50482Ventura, IA 5048220.6 mi5$2,384,800$385,000$476,960
50424Buffalo Center, IA 5042421.6 mi10$1,541,500$142,500$154,150
50438Garner, IA 5043822.0 mi16$4,504,992$267,400$281,562
56097Wells, MN 5609723.1 mi12$1,978,236$169,150$164,853

Frequently Asked Questions

How many homes are for sale in LAKE MILLS, IA 50450?

As of July 2026, there are 10 active listings in LAKE MILLS, IA (zip code 50450), compared to 11 the prior year.

What is the median home price in LAKE MILLS, IA 50450?

The median listing price in LAKE MILLS, IA 50450 is $229,125 as of July 2026, a 51.5% increase from $151,250 the prior year.

How long do homes stay on the market in LAKE MILLS, IA?

Homes in LAKE MILLS, IA 50450 spend an average of 71 days on the market before going under contract, compared to 61 days the prior year.

Is it a seller's or buyer's market in LAKE MILLS, IA 50450?

Based on current inventory and days-on-market data as of July 2026, LAKE MILLS, IA 50450 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 71 days on market compared to 61 days last year.

How much can I save on real estate commission in LAKE MILLS, IA?

With SELL123.com's maximum 3% commission, sellers in LAKE MILLS, IA 50450 save an estimated $4,583 compared to a typical 5% commission on the median listing price of $229,125. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.