Grafton, WI 53024 Real Estate Market Report

ZIP Code: 53024
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The housing market in Grafton, WI is currently characterized by a median sold price of $478,000, reflecting a recent stabilization in pricing trends. This price point indicates a decrease in values, as the market has shown a down trend year-over-year. The median days on market stands at 303 days, suggesting a slower sales velocity and potentially indicating a buyer's need for patience in this environment.

With elevated inventory levels relative to sales activity, the market appears to be balancing out, although the median listing price of $687,450 creates a notable gap compared to the median sold price. This discrepancy may indicate seller expectations that are not fully aligned with current market realities. Additionally, the rental market is experiencing a rise in demand, with a median market rent of $1,420, suggesting a robust rental sector amidst the cooling sales environment.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Grafton, WI are averaging 6.351%, which is 0.27% higher than the average rate of 6.08% observed in early March 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $478,000 reflects a decrease in market values, indicating potential pricing adjustments.

2. With median days on market at 303 days, the market is experiencing slower sales velocity, which may affect buyer sentiment.

3. The median listing price of $687,450 creates a significant gap compared to the sold price, suggesting pricing friction in the market.

4. The rental market is showing strength with a median market rent of $1,420, indicating growing demand in this sector.

5. Overall, the market temperature is neutral, suggesting a balanced environment despite the down trend in sales prices.

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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.