The increasing prevalence of large-scale graphs poses a significant challenge for graph neural network training, attributed to their substantial computational requirements. In response, graph condensation (GC) emerges as a promising data-centric solution aiming to substitute the large graph with a small yet informative condensed graph to facilitate data-efficient GNN training. However, existing GC methods suffer from intricate optimization processes, necessitating excessive computing resources. In this paper, we revisit existing GC optimization strategies and identify two pervasive issues: 1. various GC optimization strategies converge to class-level node feature matching between the original and condensed graphs, making the optimization target coarse-grained despite the complex computations; 2. to bridge the original and condensed graphs, existing GC methods rely on a Siamese graph network architecture that requires time-consuming bi-level optimization with iterative gradient computations. To overcome these issues, we propose a training-free GC framework termed Class-partitioned Graph Condensation (CGC), which refines the node feature matching from the class-to-class paradigm into a novel class-to-node paradigm. Remarkably, this refinement also simplifies the GC optimization as a class partition problem, which can be efficiently solved by any clustering methods. Moreover, CGC incorporates a pre-defined graph structure to enable a closed-form solution for condensed node features, eliminating the back-and-forth gradient descent in existing GC approaches without sacrificing accuracy. Extensive experiments demonstrate that CGC achieves state-of-the-art performance with a more efficient condensation process. For instance, compared with the seminal GC method (i.e., GCond), CGC condenses the largest Reddit graph within 10 seconds, achieving a 2,680X speedup and a 1.4% accuracy increase.