From July through September of 2017, there were 245 homes sold, with a median sale price of $135,000 - a 7.1% decrease over the $145,300 median sale price for the same period of the previous year. There were 245 homes sold in Painesville in the third quarter of 2016, as well.
The median sales tax in Painesville for the most recent year with available data, 2015, was $4,252, approximately 3.1% of the median home sale price for the third quarter of 2017.
The following table compares Painesville to other Lake County cities with similar median sales prices in the third quarter of 2017:
| City | July - Sept. 2017 Home Sales | July - Sept. 2016 Home Sales | % change (Total Home Sales) | July - Sept. 2017 Median Sales Price | July - Sept. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grand River | 3 | 1 | 200% | $163,400 | $25,000 | 553.6% |
| Madison | 54 | 35 | 54.3% | $155,750 | $125,000 | 24.6% |
| Mentor | 257 | 296 | -13.2% | $155,000 | $150,500 | 3% |
| Perry | 16 | 2 | 700% | $136,500 | $139,750 | -2.3% |
| Willoughby | 127 | 99 | 28.3% | $135,900 | $139,000 | -2.2% |
| Painesville | 245 | 245 | 0% | $135,000 | $145,300 | -7.1% |
| Timberlake | 5 | 7 | -28.6% | $130,000 | $114,900 | 13.1% |
| Mentor-on-the-Lake | 44 | 41 | 7.3% | $118,000 | $113,500 | 4% |
| North Madison | 50 | 53 | -5.7% | $112,000 | $109,200 | 2.6% |
| Shoreland | 2 | 2 | 0% | $110,750 | $58,750 | 88.5% |
| Willowick | 95 | 70 | 35.7% | $110,000 | $104,700 | 5.1% |
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