From January through June of 2017, there were 60 homes sold, with a median sale price of $148,450 - a 10.2% increase over the $134,700 median sale price for the same period of the previous year. There were 74 homes sold in Madison in the first half of 2016.
The median sales tax in Madison for the most recent year with available data, 2015, was $4,328, approximately 2.9% of the median home sale price for the first half of 2017.
The following table compares Madison to other Lake County cities with similar median sales prices in the first half of 2017:
| City | Jan. - June 2017 Home Sales | Jan. - June 2016 Home Sales | % change (Total Home Sales) | Jan. - June 2017 Median Sales Price | Jan. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kirtland Hills | 4 | 6 | -33.3% | $387,500 | $445,000 | -12.9% |
| Waite Hill | 3 | 4 | -25% | $372,500 | $575,000 | -35.2% |
| Kirtland | 37 | 38 | -2.6% | $190,000 | $227,500 | -16.5% |
| Willoughby Hills | 51 | 43 | 18.6% | $185,000 | $190,000 | -2.6% |
| North Perry | 46 | 32 | 43.8% | $162,400 | $170,000 | -4.5% |
| Madison | 60 | 74 | -18.9% | $148,450 | $134,700 | 10.2% |
| Mentor | 469 | 472 | -0.6% | $147,000 | $137,000 | 7.3% |
| Painesville | 426 | 402 | 6% | $129,950 | $131,000 | -0.8% |
| Willoughby | 180 | 170 | 5.9% | $126,750 | $124,450 | 1.8% |
| Grand River | 5 | 4 | 25% | $125,000 | $108,950 | 14.7% |
| Timberlake | 7 | 4 | 75% | $124,900 | $104,300 | 19.8% |
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