Comprehensive market data and analysis• Updated Dec 2025
999.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | 1 | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 1 | 3 |
Acreage buckets
The median price for land in Lake Mills, Iowa is currently $82K per acre. For a typical parcel, the median sale price is $225K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $58K while premium lots reached $301K.
Over the past 12 months, Lake Mills, Iowa saw 3 properties sold, totaling $561K in sales volume.
Land in Lake Mills, Iowa typically sells within 136 days of listing. The median time on market is 72 days. Properties are moving slowly in the current strong buyer's market.
Land in Lake Mills, Iowa averages $88K per acre. The median price per acre is $82K, which may be more representative of typical transactions. Most parcels sold are around 2.1 acres.
The median land price in Lake Mills, Iowa stands at $225K. This translates to roughly $82K per acre for the typical parcel size. The average price is $187K, showing a fairly consistent market.
The 12-month rate is 25.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 1 active listings in Lake Mills, Iowa. The median asking price is $10K.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
