In December 2017, there were 12 homes sold, with a median sale price of $124,000 - a 62% increase over the $76,550 median sale price for the same period of the previous year. There were 18 homes sold in Madison in December 2016.
The median sales tax in Madison for the most recent year with available data, 2015, was $4,328, approximately 3.5% of the median home sale price for December 2017.
The following table compares Madison to other Lake County cities with similar median sales prices in December 2017:
| City | Dec. 2017 Home Sales | Dec. 2016 Home Sales | % change (Total Home Sales) | Dec. 2017 Median Sales Price | Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Perry | 2 | 4 | -50% | $146,500 | $100,850 | 45.3% |
| North Perry | 6 | 7 | -14.3% | $142,500 | $170,000 | -16.2% |
| Willoughby | 29 | 29 | 0% | $134,000 | $123,000 | 8.9% |
| Mentor-on-the-Lake | 8 | 10 | -20% | $129,000 | $110,200 | 17.1% |
| Painesville on-the-Lake | 1 | 0 | - | $128,000 | $0 | - |
| Madison | 12 | 18 | -33.3% | $124,000 | $76,550 | 62% |
| Painesville | 63 | 56 | 12.5% | $122,100 | $149,250 | -18.2% |
| Willowick | 28 | 28 | 0% | $110,450 | $91,900 | 20.2% |
| Wickliffe | 25 | 19 | 31.6% | $106,000 | $89,200 | 18.8% |
| Timberlake | 2 | 2 | 0% | $105,450 | $171,500 | -38.5% |
| Eastlake | 31 | 26 | 19.2% | $90,000 | $84,950 | 5.9% |
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