In August 2017, there were 21 homes sold, with a median sale price of $164,900 - a 38.5% increase over the $119,100 median sale price for the same period of the previous year. There were 13 homes sold in Madison in August 2016.
The median sales tax in Madison for the most recent year with available data, 2015, was $4,328, approximately 2.6% of the median home sale price for August 2017.
The following table compares Madison to other Lake County cities with similar median sales prices in August 2017:
| City | Aug. 2017 Home Sales | Aug. 2016 Home Sales | % change (Total Home Sales) | Aug. 2017 Median Sales Price | Aug. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kirtland Hills | 2 | 1 | 100% | $735,000 | $655,000 | 12.2% |
| Waite Hill | 2 | 0 | - | $366,000 | $0 | - |
| Kirtland | 16 | 7 | 128.6% | $323,450 | $248,000 | 30.4% |
| Grand River | 1 | 0 | - | $175,000 | $0 | - |
| Lane | 1 | 0 | - | $169,000 | $0 | - |
| Madison | 21 | 13 | 61.5% | $164,900 | $119,100 | 38.5% |
| Mentor | 82 | 106 | -22.6% | $151,750 | $147,500 | 2.9% |
| Painesville | 97 | 98 | -1% | $147,900 | $132,000 | 12% |
| Willoughby Hills | 10 | 13 | -23.1% | $139,000 | $245,000 | -43.3% |
| Willoughby | 53 | 37 | 43.2% | $137,500 | $126,500 | 8.7% |
| Perry | 7 | 1 | 600% | $127,000 | $262,000 | -51.5% |
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