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LAKE MILLS, WI 53551

Real Estate Market Report  ·  Jefferson County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE MILLS, WI real estate market (53551) currently shows 26 active listings, with 7 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 46 days on market compared to 28 days last year.

The median listing price has risen 9.9% year-over-year, from $494,900 to $543,650.

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Market Context

Market Context

Population: 9,417  ·  Density: 91.9/mi²  ·  Median household income: $83,795

Typical home value: $280,880  ·  Homeownership: 75.5%

Market Overview

Active Listings
26
⇩ 7.1% vs 28 last year
Pending
7
27% pending ratio
Median Price
$543,650
⇧ 9.9% vs $494,900 last year
Average Price
$615,961
⇧ 26.1% vs $488,604 last year
Days on Market
46
⇧ 64.3% vs 28 days last year

Price Per Square Foot

Median $/sqft
$224
⇧ 8.7% vs $206/sqft last year
Median Home Size
2,302 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 26 this year vs 28 last year
  • Days on market: 46 now vs 28 last year

Median & Average Pricing

Year over Year
  • Median: $543,650 (+9.9% YoY)
  • Average: $615,961 (+26.1% 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 20.9 miles — 465 listings ($247,677,093 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53551Lake Mills, WI 535510.0 mi17$10,480,857$454,863$616,521
53594Waterloo, WI 535947.8 mi10$3,637,210$363,750$363,721
53549Jefferson, WI 535499.3 mi25$10,523,875$398,900$420,955
53094Watertown, WI 5309410.3 mi48$18,010,080$394,950$375,210
53538Fort Atkinson, WI 5353811.4 mi48$18,591,120$364,250$387,315
53527Cottage Grove, WI 5352714.0 mi38$23,576,948$605,650$620,446
53098Watertown, WI 5309815.6 mi20$9,630,420$314,800$481,521
53590Sun Prairie, WI 5359017.0 mi104$73,692,840$582,475$708,585
53036Ixonia, WI 5303618.2 mi8$2,736,848$358,450$342,106
53589Stoughton, WI 5358918.3 mi74$39,489,434$452,423$533,641
53558Mcfarland, WI 5355819.4 mi23$15,135,472$489,750$658,064
53716Madison, WI 5371620.2 mi19$9,077,155$443,500$477,745
53190Whitewater, WI 5319020.9 mi31$13,094,834$357,423$422,414

Frequently Asked Questions

How many homes are for sale in LAKE MILLS, WI 53551?

As of September 2026, there are 26 active listings in LAKE MILLS, WI (zip code 53551), compared to 28 the prior year.

What is the median home price in LAKE MILLS, WI 53551?

The median listing price in LAKE MILLS, WI 53551 is $543,650 as of September 2026, a 9.9% increase from $494,900 the prior year.

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

Homes in LAKE MILLS, WI 53551 spend an average of 46 days on the market before going under contract, compared to 28 days the prior year.

Is it a seller's or buyer's market in LAKE MILLS, WI 53551?

Based on current inventory and days-on-market data as of September 2026, LAKE MILLS, WI 53551 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 46 days on market compared to 28 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAKE MILLS, WI 53551 save an estimated $10,873 compared to a typical 5% commission on the median listing price of $543,650. 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.