In July 2019, there were 13 homes sold, with a median sale price of $165,000 - a 19.6% increase over the $138,000 median sale price for the same period of the previous year. There were eight homes sold in Madison in July 2018.
The median sales tax in Madison for the most recent year with available data, 2015, was $4,328, approximately 2.6% of the median home sale price for July 2019.
The following table compares Madison to other Lake County cities with similar median sales prices in July 2019:
| City | July 2019 Home Sales | July 2018 Home Sales | % change (Total Home Sales) | July 2019 Median Sales Price | July 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Perry | 3 | 3 | 0% | $239,900 | $134,000 | 79% |
| North Perry | 4 | 9 | -55.6% | $217,500 | $184,000 | 18.2% |
| Kirtland | 8 | 11 | -27.3% | $215,000 | $167,000 | 28.7% |
| Lane | 3 | 0 | - | $175,000 | $0 | - |
| Mentor | 91 | 96 | -5.2% | $166,000 | $155,000 | 7.1% |
| Madison | 13 | 8 | 62.5% | $165,000 | $138,000 | 19.6% |
| Painesville | 76 | 77 | -1.3% | $155,500 | $145,000 | 7.2% |
| Willoughby | 38 | 38 | 0% | $152,250 | $132,500 | 14.9% |
| Mentor-on-the-Lake | 5 | 13 | -61.5% | $138,000 | $136,900 | 0.8% |
| Willowick | 27 | 24 | 12.5% | $130,000 | $123,000 | 5.7% |
| Avenues Mobile Estates | 1 | 3 | -66.7% | $128,000 | $54,400 | 135.3% |
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