In January 2017, there were 11 homes sold, with a median sale price of $144,000 - a 9.1% increase over the $132,000 median sale price for the same period of the previous year. There were 11 homes sold in Madison in January 2016, as well.
The median sales tax in Madison for the most recent year with available data, 2015, was $4,328, approximately 3% of the median home sale price for January 2017.
The following table compares Madison to other Lake County cities with similar median sales prices in January 2017:
| City | Jan. 2017 Home Sales | Jan. 2016 Home Sales | % change (Total Home Sales) | Jan. 2017 Median Sales Price | Jan. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Perry | 3 | 1 | 200% | $212,500 | $181,000 | 17.4% |
| Perry | 3 | 2 | 50% | $170,000 | $166,000 | 2.4% |
| Kirtland | 5 | 3 | 66.7% | $170,000 | $160,000 | 6.3% |
| Willoughby Hills | 7 | 1 | 600% | $161,500 | $182,100 | -11.3% |
| Timberlake | 1 | 0 | - | $150,000 | $0 | - |
| Madison | 11 | 11 | 0% | $144,000 | $132,000 | 9.1% |
| Willoughby | 18 | 28 | -35.7% | $122,500 | $92,000 | 33.2% |
| Painesville | 48 | 53 | -9.4% | $113,750 | $112,500 | 1.1% |
| Mentor | 43 | 49 | -12.2% | $109,900 | $105,000 | 4.7% |
| Willowick | 18 | 19 | -5.3% | $104,750 | $99,500 | 5.3% |
| North Madison | 9 | 17 | -47.1% | $104,500 | $77,000 | 35.7% |
Alerts Sign-up