Lake Mills, WI Real Estate

Established in 1836, Lake Mills is located on the shores of Rock Lake in northwestern Jefferson County. Growth and development are influenced by the easily accessible I-94, which connects commuters to Milwaukee and Madison. Company headquarters for businesses such as Obsession Telescopes and Ephraim Faience Pottery are located in Lake Mills. Populated by 5,246 people, Lake Mills features the preservation of a historic community that highlights extravagant historic homes and buildings throughout the area.

The Lake Mills area provides an assortment of properties for sale. The housing market includes cottages with views of Rock Lake, updated 3-bedroom cape cods, traditional salt box style homes and many more. The median sale price of a home in Lake Mills is $213,000.

Senior living centers are available in the area include: Brook Gardens, Willowbrook Nursing & Rehabilitation Center, Trinity Pines Retirement Center and Rock Lake Manor.

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The city prides itself on its history and has preserved “The Downtown Commons Park,” which hosts many annual events. The park offers seasonal events including concerts under a Victorian Gazebo, ice skating, Farmer’s Market, and many festivals. The downtown area also offers galleries, collectables stores and specialty shops. The Treasure Mill is an excellent shop for those looking for treasured antiques, or locally crafted Amish furniture. Stop in for an appetizer, fish fry, or cocktail at Miller’s Tavern.

There are many outdoor activities for the whole family to enjoy. Lake Mills provides Bartel’s Beach and Sandy Beach Park that offer swimming beaches, volleyball, boat rentals and picnicking. Glacial Drumlin Bike Trail is 47-miles of winding trail that was glacier-formed. The trail that runs from Waukesha to Cottage Grove offers a scenic route for bikers, snowmobilers and hikers.

Aztalan Cycle Park is home to an outdoor style quarter-mile bike track that is known as one of the best short tracks in the Midwest. The track provides jumps for big air that runs quads and motorcycles. With professional announcing and great concessions, this track is an action sports fan’s paradise.

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In 1066, a major drought was suffered by the Aztec Native Americans who asked their gods for help. The Native Americans constructed and used pyramids for sacrificial purposes. Rain was then granted to them and drowned the pyramids. The overwhelming rain created a gorgeous lake that the Aztecs named Tyranena (Sparking Waters). Before the Black Hawk War of 1832, Chief Black Hawk proceeded through Lake Mills. The war was last stand of Native Americans in the Northwest. The first white settlers called the lake “Rock Lake” after the war. With a saw mill and gristmill produced on the shores of the lake, Lake Mills was established 10 years before Wisconsin became a state.

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Lake Mills properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Lake Mills High School (Lake Mills) Lake Mills Area School District Public 458 14 LAKE MILLS HIGH SCHOOL GreatSchools Rating
Lake Mills Middle School (Lake Mills) Lake Mills Area School District Public 450 15 LAKE MILLS MIDDLE SCHOOL GreatSchools Rating
Prospect Street Elementary School (Lake Mills) Lake Mills Area School District Public 600 18 PROSPECT STREET ELEMENTARY SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 8,683 85,836 5,852,878
Total Households 3,495 32,960 2,349,819
Total Families 2,334 22,458 1,516,725
Percent Male 49% 50% 50%
Percent Female 51% 50% 50%
White Collar Jobs 54% 52% 58%
Blue Collar Jobs 46% 48% 42%

Top Occupations

Professions Population Employed
Professional Services 479
Manufacturing 294
Sales 284
Healthcare 264
Maintenance 206
Food 162
Transportation 134
Management 118
Education 82
Social Services 69

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Housing Demographics

  City County State
Total Housing Units
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Owner Occupied Housing Units 2,569 23,399 1,601,729
Renter Occupied Housing Units 926 9,561 748,090
Vacant Housing Units 531 2,821 311,518
Occupancy Rate 87% 90% 84%

Commute Time To Work

2
  City County State
Less than 5 minutes 380 2,663 135,725
5 - 15 minutes 1,061 13,980 877,463
15 - 30 minutes 874 10,968 975,154
30 - 45 minutes 762 5,791 370,565
45-60 minutes 292 2,720 120,537
Over 60 minutes 182 1,812 113,603

Total Housing Units

Housing By Occupant

Commute Time To Work

Age of Homeowners

Education Attainment

  City County State
Some High School 260 3,043 224,571
High School Graduate 1,576 20,526 1,256,597
Some College 1,259 12,282 833,955
Associates Degree 655 6,212 410,260
Bachelors Degree 1,513 9,467 747,113
Graduate Degree 528 4,148 384,121

Education Attainment


Market Conditions
Market Conditions for Lake Mills - March 2020 | Shorewest Realtors®
March 2020

Market Conditions for Lake Mills

Median Sale Price Graph

Median Sale Price

The median sale price for homes in March was $352,902. The median sales price for homes in March rose by $192,002 compared to last month. This represents a 119.33% increase from January. Compared to the same month last year, the median price of homes rose by $68,002 representing a 23.86% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 4 in March to 27. This represents 12.9% decrease from January when 31 homes were on the market. Compared to the same month last year when there were 27 homes for sale, the inventory of homes for sale has did not change 0 representing a 0% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 6 homes sold in March was 5 more than in January. This represents a 500% increase in sales from January. Compared to the same month last year, the number of homes sold decreased by 3, a -33.33% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in March (61) increased by 56 days compared to January. This represents a 1,120% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 8, a 15.09% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 99.03% in March rose by 10.18% compared to January and increased 0.51% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in March (7) fell by 2 compared to January, a 22.22% change. Compared to March 2019, the number of new listings decreased by 6, a -46.15% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in March was $437,500. The median list price for homes in March rose by $117,600 compared to last month. This represents a 36.76% increase from January. Compared to the same month last year, the median list price of homes increased $167,600 representing a 62.09% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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