Is Balsam Lake, WI 54810 a buyer’s or seller’s market?

The Balsam Lake housing market right now

In the three months ending August 31, 2026, 17% of homes in Balsam Lake, WI 54810 sold above their list price, the typical home went under contract in 40 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 19 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold about as fast and the median sale price rose 2% to $387,332. Overall, Balsam Lake is less competitive than a year ago, which gives buyers more room.

Within Polk County, homes here sell faster than in 69% of the county’s ZIP codes, and sell less often over asking than in 85%. On our competition score, Balsam Lake ranks #251 of 319 WI ZIP codes with enough sales (score 50 out of 100).

Nearby, buyers who want less competition could look at Comstock 54826 (0% sold over asking) or Cushing 54006 (0% sold over asking), while Dresser 54009 (44% sold over asking) and Centuria 54824 (40% sold over asking) are even more competitive.