In December 2019, there were 13 homes sold, with a median sale price of $149,221 - a 27.6% decrease over the $206,000 median sale price for the same period of the previous year. There were four homes sold in Madison in December 2018.
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 December 2019.
The following table compares Madison to other Lake County cities with similar median sales prices in December 2019:
| City | Dec. 2019 Home Sales | Dec. 2018 Home Sales | % change (Total Home Sales) | Dec. 2019 Median Sales Price | Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Willoughby Hills | 1 | 6 | -83.3% | $285,000 | $175,150 | 62.7% |
| Mentor-on-the-Lake | 10 | 11 | -9.1% | $159,700 | $137,500 | 16.1% |
| Mentor | 59 | 64 | -7.8% | $154,900 | $148,250 | 4.5% |
| Madison | 13 | 4 | 225% | $149,221 | $206,000 | -27.6% |
| Timberlake | 1 | 2 | -50% | $146,000 | $181,500 | -19.6% |
| Willoughby | 22 | 28 | -21.4% | $140,797 | $151,000 | -6.8% |
| Painesville | 68 | 55 | 23.6% | $129,500 | $153,000 | -15.4% |
| Willowick | 24 | 11 | 118.2% | $127,000 | $118,000 | 7.6% |
| North Perry | 3 | 7 | -57.1% | $125,000 | $200,000 | -37.5% |
| Fairport Harbor | 7 | 5 | 40% | $119,000 | $86,500 | 37.6% |
| Eastlake | 23 | 21 | 9.5% | $110,100 | $105,000 | 4.9% |
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