Grafton, WI 53024 Real Estate Market Report
ZIP Code: 53024
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
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
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.
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
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 6.3%, which remains elevated compared to the sub-6% rates seen in early 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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median sold price: $477,950 is the primary indicator of market value and recent transactions; this level, together with a median listing price: $607,400, suggests a meaningful gap between asking and realized prices that may indicate pricing friction and cautious seller expectations given current conditions.
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The market shows slower transaction velocity, highlighted by median days on market: 309, which appears to reflect extended time to close deals and may indicate a gradual shift toward balance rather than a frothy, fast-moving market.
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Rental fundamentals remain supportive: median market rent: $1,850 and a rent year-over-year trend: up suggests continued landlord demand and income-side resilience for SFR and condominium investors.
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Market drivers and affordability context are mixed: market temperature: neutral with price year-over-year trend: up and interest rate pressure: moderate (current 30-year fixed mortgage rates averaging 6.3%), indicating upward price momentum tempered by financing headwinds and a move toward a more balanced market; use caution when pricing and underwriting new listings, and prioritize comparables near the median price per square foot: $202 for valuation work.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Grafton, WI 53024 Real Estate Market Report
ZIP Code: 53024
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
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
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.
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
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 6.3%, which remains elevated compared to the sub-6% rates seen in early 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The market value indicator is the median sold price of $319,000, which points to realized transaction levels; given the gap vs. the median listing price of $434,900, this suggests pricing friction between seller expectations and recent sale outcomes.
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The median days on market of 312 indicates slower sales velocity and suggests that properties are taking significantly longer to transact, which may indicate the market is moving toward balance despite recent appreciation. slower transaction volume.
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Rental fundamentals remain supportive: the median market rent of $1,099 and an upward rent year-over-year trend indicate strengthening rental demand, which may sustain investor interest in SFR and condo stock. rents increasing.
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Interest-rate and macro context show current 30-year fixed mortgage rates averaging 6.3%, with moderate interest rate pressure; combined with a neutral market temperature, this appears to support a cautiously balanced market where pricing gains may continue but at a moderated pace. moderate interest rate pressure.
Notable Properties
The following 4 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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Below-market acquisition. Investor purchase with value-add potential through renovation.
Sold at market average
Quick sale indicating strong buyer demand and competitive market conditions.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 1.0% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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