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LAKE MILLS, WI 53551

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE MILLS, WI real estate market (53551) currently shows 17 active listings, with 5 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 45 days on market compared to 82 days last year.

The median listing price has risen 2.3% year-over-year, from $444,450 to $454,863.

Whether you are buying or selling in LAKE MILLS, WI, 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: 9,417  ·  Density: 91.9/mi²  ·  Median household income: $83,795

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

Market Overview

Active Listings
17
⇩ 26.1% vs 23 last year
Pending
5
29% pending ratio
Median Price
$454,863
⇧ 2.3% vs $444,450 last year
Average Price
$616,521
⇧ 16.3% vs $530,162 last year
Days on Market
45
⇩ 45.1% vs 82 days last year

Price Per Square Foot

Median $/sqft
$221
⇩ 0.5% vs $222/sqft last year
Median Home Size
2,348 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 17 this year vs 23 last year
  • Days on market: 45 now vs 82 last year

Median & Average Pricing

Year over Year
  • Median: $454,863 (+2.3% YoY)
  • Average: $616,521 (+16.3% 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 20.4 miles — 417 listings ($212,643,352 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53551Lake Mills, WI 535510.0 mi17$9,437,125$495,000$555,125
53594Waterloo, WI 535947.8 mi9$3,538,917$419,900$393,213
53549Jefferson, WI 535499.3 mi27$10,954,359$398,900$405,717
53094Watertown, WI 5309410.3 mi48$17,876,928$397,400$372,436
53538Fort Atkinson, WI 5353811.4 mi38$15,753,280$375,000$414,560
53527Cottage Grove, WI 5352714.0 mi36$19,900,368$514,200$552,788
53098Watertown, WI 5309815.6 mi23$10,166,506$269,900$442,022
53590Sun Prairie, WI 5359017.0 mi78$57,176,496$647,500$733,032
53036Ixonia, WI 5303618.2 mi9$3,199,140$392,450$355,460
53589Stoughton, WI 5358918.3 mi70$36,860,670$467,000$526,581
53557Lowell, WI 5355719.1 mi1$339,800$339,800$339,800
53714Madison, WI 5371420.1 mi13$4,182,659$334,450$321,743
53563Milton, WI 5356320.4 mi48$23,257,104$470,000$484,523

Frequently Asked Questions

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

As of February 2026, there are 17 active listings in LAKE MILLS, WI (zip code 53551), compared to 23 the prior year.

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

The median listing price in LAKE MILLS, WI 53551 is $454,863 as of February 2026, a 2.3% increase from $444,450 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 45 days on the market before going under contract, compared to 82 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 February 2026, LAKE MILLS, WI 53551 is currently a Seller's Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 45 days on market compared to 82 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 $9,097 compared to a typical 5% commission on the median listing price of $454,863. 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.