Grantsburg Housing Market Report December 2024•Burnett County, Wisconsin

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Housing Prices in Grantsburg, WI

How much do homes in Grantsburg, WI cost?

Housing Market Conditions

Is Grantsburg, WI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Grantsburg is a Seller's Market

Difference Since December 2023

At the same time last year, Grantsburg was a Neutral Market.

Insight

Grantsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$242,500$181/SqFt
+$15,600
+6.9%

Based on all homes sold in the last 12 months

Insight

Homes in Grantsburg have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Grantsburg was $242,500 in December 2024, up 6.9% from last year, and the median price per square foot was $181.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$215K$367.5K
+70.9%
2$235K$240K
+2.1%
3$226.9K$239K
+5.3%
4$239.5K$305K
+27.3%
5$355K-
N/A

Summary: Grantsburg housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +70.9%. The home price for 2 bedroom homes increased by +2.1%. The home price for 3 bedroom homes increased by +5.3%. The home price for 4 bedroom homes increased by +27.3%. The home price for 5 bedroom homes did not change.

Housing supply in Grantsburg, WI

How many homes are available in Grantsburg, WI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
46Last MonthDec 2024
482 months agoNov 2024
-4.2 %
Change MoMNov – Dec

Summary: The Grantsburg real estate market had 46 homes for sale in Dec 2024, a 4.2 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
11Last MonthDec 2024
82 months agoNov 2024
+37.5 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
111
0.0%
22624
-7.7%
31917
-10.5%
424
+100.0%
500
0.0%

Summary: Grantsburg housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -7.7%. The inventory for 3 bedroom homes decreased by -10.5%. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Grantsburg, WI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price6 Homes

Under Asking Price5 Homes

Insight

If you're buying a home in Grantsburg, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Grantsburg in December 2024, up by 37.5% month-over-month. Of the 11 sold homes, 45% were sold under asking, 55% were sold at asking, and and 0% were sold over asking.

Days on Market for Grantsburg, WI

How long does it take to sell a home in Grantsburg, WI?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days3 Homes

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Grantsburg has remained consistent over time.

Summary: During December 2024, 11 homes were sold in Grantsburg; 18% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
34 DaysThis YearDec 2024
103 Days1 year agoDec 2023
-66.8 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Grantsburg had an average listing age of 34 days in Dec 2024, down by 66.8% compared to the previous year.

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Newest Listings in Grantsburg, WI

What homes are available in Grantsburg, WI?

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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., and Wisconsin Real Estate Exchange for the period 01/01/2023 - 01/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 11:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 11:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.