Is Lake Mills, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lake Mills has remained a Seller's Market.
Key Takeaway
Lake Mills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Mills, WI
How much do homes in Lake Mills, WI cost?
Median Sold Price
$410,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lake Mills have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Lake Mills was $410,000 in April 2024, up 13.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $10K | N/A |
| 2 Bedrooms | $210K | $275K | +31.0% |
| 3 Bedrooms | $347.5K | $389.6K | +12.1% |
| 4 Bedrooms | $450K | $449.9K | 0% |
| 5+ Bedrooms | $850K | $632.4K | -25.6% |
Summary: Lake Mills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31%, 3 bedroom homes increased by 12.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 25.6%.
Housing Supply in Lake Mills, WI
How many homes are available in Lake Mills, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The Lake Mills real estate market had 28 homes for sale in April 2024, a 3.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Lake Mills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Mills, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Lake Mills in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Lake Mills, WI
We’re sorry, we don't have information for this market at the moment
