From October through December of 2017, there were 39 homes sold, with a median sale price of $106,900 - a 0.3% increase over the $106,600 median sale price for the same period of the previous year. There were 39 homes sold in North Madison in the fourth quarter of 2016, as well.
The median sales tax in North Madison for the most recent year with available data, 2015, was $3,378, approximately 3.2% of the median home sale price for the fourth quarter of 2017.
The following table compares North Madison to other Lake County cities with similar median sales prices in the fourth quarter of 2017:
| City | Oct. - Dec. 2017 Home Sales | Oct. - Dec. 2016 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2017 Median Sales Price | Oct. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Painesville on-the-Lake | 1 | 1 | 0% | $128,000 | $91,000 | 40.7% |
| Timberlake | 3 | 5 | -40% | $125,400 | $184,000 | -31.8% |
| Perry | 7 | 12 | -41.7% | $120,000 | $156,450 | -23.3% |
| Lane | 1 | 1 | 0% | $120,000 | $177,500 | -32.4% |
| Willowick | 81 | 80 | 1.3% | $108,000 | $90,750 | 19% |
| North Madison | 39 | 39 | 0% | $106,900 | $106,600 | 0.3% |
| Wickliffe | 75 | 67 | 11.9% | $106,000 | $104,000 | 1.9% |
| Eastlake | 88 | 64 | 37.5% | $91,000 | $84,950 | 7.1% |
| Mentor-on-the-Lake | 24 | 28 | -14.3% | $86,100 | $113,450 | -24.1% |
| Fairport Harbor | 12 | 16 | -25% | $76,000 | $89,500 | -15.1% |
| Avenues Mobile Estates | 6 | 5 | 20% | $47,525 | $49,900 | -4.8% |
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