How much does it cost to buy a house in Balsam Lake, WI?

In May 2026 Balsam Lake homes were listed to buy for a median price of $395K, which is a 1% decrease to April 2025 last month, and a 1% decrease to May 2025 last year. The median value of a home listed to buy in Balsam Lake in May 2026 was $267 per sqft, which is a 6% decrease to April 2025 last month, and a 5% decrease to May 2025 last year.

Is it affordable or expensive to live in Balsam Lake, WI?

It is affordable to live in Balsam Lake. Buying a home in Balsam Lake is 1% less expensive compared with the national average.

Is it a good time to buy property in Balsam Lake, WI?

Yes now is a good time to buy property in Balsam Lake, in May 2026, homes in Balsam Lake have decreased in value (price per sqft) by 5% in the last year compared with May 2025.

Is the Balsam Lake, WI housing market slowing down?

The housing market in Balsam Lake is slowing down. In May 2026, homes to buy in Balsam Lake spent an median 21 days on the market, a 4% decrease from May 2025 last year.

How much money should I make to buy a house in Balsam Lake, WI?

In May 2026, Balsam Lake homes were listed to buy for a median price of $395K, with 25% down you would need $2.53K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $86.8K.

Is it a good time to sell my house in Balsam Lake, WI?

Yes now is a good time to sell your house in Balsam Lake, in May 2026, homes in Balsam Lake have decreased in value (price per sqft) by 5% in the last year compared with May 2025.