Grafton, WI 53024 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. The primary market value is represented by the median sold price of $389,000, which indicates recent transaction levels and should be treated as the most reliable price signal for valuation and comps (hot market context).
2. There is a notable spread between the median listing price of $463,450 and the median sold price of $389,000, which may indicate pricing friction or elevated seller expectations relative to completed transactions; sellers and appraisers should account for this gap when setting list strategies (pricing gap).
3. Market velocity shows slower sales cadence with a median days on market of 312, suggesting extended time-to-contract that may reflect selective buyer competition or a mismatch between asking prices and realized values (slower sales velocity).
4. Local market signals remain strong overall—price and rent trends are both reported as up and the market temperature is reported as hot, while interest rate pressure is described as moderate—so investors should weigh the $216 median price per square foot and the $1,600 median market rent against financing cost sensitivity when underwriting (demand-driven appreciation).

Notable Properties

The following 1 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.