Is Gratiot, WI 53541 a buyer’s or seller’s market?
Gratiot is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Gratiot housing market right now
In the three months ending August 31, 2026, 0% of homes in Gratiot, WI 53541 sold above their list price, the typical home went under contract in 65 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (47 days then) and the median sale price rose 51% to $674,708. Overall, Gratiot is less competitive than a year ago, which gives buyers more room.
Within Lafayette County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, South Wayne 53587 (100% sold over asking) and Blanchardville 53516 (50% sold over asking) are even more competitive.
Run the numbers for 53541
Nearby markets
Argyle 53504Seller’s market $188 /sq ftBelmont 53510Seller’s market $169 /sq ftBenton 53803Seller’s market $115 /sq ftBlanchardville 53516Seller’s market $157 /sq ft Browse all markets →Where Gratiot is
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Questions about Gratiot real estate
Is Gratiot a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Gratiot, WI 53541 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Gratiot?
The typical home went under contract in 65 days in the latest three months.
Do homes in Gratiot sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 90.0% of the list price.
What are property taxes in Gratiot?
About 1.57% of a home’s value a year in Lafayette County, or roughly $6,280 on a $400,000 home.
What is the median home price in Gratiot?
The median sale price was $674,708 in the three months ending August 31, 2026, about $292 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology