In May 2017, there were 82 homes sold, with a median sale price of $140,950 - a 15.8% increase over the $121,750 median sale price for the same period of the previous year. There were 70 homes sold in Painesville in May 2016.
The median sales tax in Painesville for the most recent year with available data, 2015, was $4,252, approximately 3% of the median home sale price for May 2017.
The following table compares Painesville to other Lake County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kirtland | 7 | 6 | 16.7% | $190,000 | $368,750 | -48.5% |
| Grand River | 2 | 0 | - | $171,350 | $0 | - |
| North Perry | 8 | 4 | 100% | $166,250 | $172,500 | -3.6% |
| Mentor | 108 | 100 | 8% | $157,450 | $150,650 | 4.5% |
| Willoughby | 43 | 35 | 22.9% | $142,000 | $119,000 | 19.3% |
| Painesville | 82 | 70 | 17.1% | $140,950 | $121,750 | 15.8% |
| Mentor-on-the-Lake | 13 | 9 | 44.4% | $139,000 | $117,000 | 18.8% |
| Madison | 4 | 20 | -80% | $127,700 | $116,250 | 9.8% |
| North Madison | 15 | 17 | -11.8% | $120,000 | $87,000 | 37.9% |
| Fairport Harbor | 2 | 5 | -60% | $114,950 | $88,500 | 29.9% |
| Willowick | 33 | 41 | -19.5% | $112,900 | $110,000 | 2.6% |
Alerts Sign-up