In October 2017, there were 22 homes sold, with a median sale price of $115,000 - a 28.6% increase over the $89,400 median sale price for the same period of the previous year. There were nine homes sold in Madison in October 2016.
The median sales tax in Madison for the most recent year with available data, 2015, was $4,328, approximately 3.8% of the median home sale price for October 2017.
The following table compares Madison to other Lake County cities with similar median sales prices in October 2017:
| City | Oct. 2017 Home Sales | Oct. 2016 Home Sales | % change (Total Home Sales) | Oct. 2017 Median Sales Price | Oct. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grand River | 1 | 0 | - | $175,000 | $0 | - |
| North Perry | 8 | 5 | 60% | $174,500 | $122,500 | 42.4% |
| Mentor | 78 | 68 | 14.7% | $150,000 | $157,550 | -4.8% |
| Painesville | 71 | 58 | 22.4% | $135,000 | $132,500 | 1.9% |
| Willoughby | 38 | 40 | -5% | $126,250 | $111,750 | 13% |
| Madison | 22 | 9 | 144.4% | $115,000 | $89,400 | 28.6% |
| North Madison | 15 | 14 | 7.1% | $115,000 | $82,950 | 38.6% |
| Wickliffe | 29 | 25 | 16% | $111,000 | $104,000 | 6.7% |
| Willowick | 35 | 30 | 16.7% | $97,500 | $87,450 | 11.5% |
| Fairport Harbor | 4 | 9 | -55.6% | $97,450 | $87,000 | 12% |
| Eastlake | 25 | 18 | 38.9% | $95,000 | $58,000 | 63.8% |
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