Last year, average home listing prices in Balsam Lake decreased 7.8 percent, perhaps reflecting the waning popularity of the local area. The average listing price this year is $251,279 from a previous $272,407. Year-over-year, inventory marginally declined 4.5 percent, from 22 listings to 21 homes on the market. You'll be able to enjoy the serenity of a lake view with several of Balsam Lake's well-located properties. A variety of homes in this locale offer authentic fireplaces to keep the home warm during winter days and nights.