In February 2019, there were eight homes sold, with a median sale price of $184,950 - a 96.5% increase over the $94,100 median sale price for the same period of the previous year. There were 10 homes sold in Madison in February 2018.
The median sales tax in Madison for the most recent year with available data, 2015, was $4,328, approximately 2.3% of the median home sale price for February 2019.
The following table compares Madison to other Lake County cities with similar median sales prices in February 2019:
| City | Feb. 2019 Home Sales | Feb. 2018 Home Sales | % change (Total Home Sales) | Feb. 2019 Median Sales Price | Feb. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Waite Hill | 1 | 0 | - | $248,000 | $0 | - |
| Avenues Mobile Estates | 1 | 1 | 0% | $240,000 | $120,000 | 100% |
| Willoughby Hills | 4 | 6 | -33.3% | $208,500 | $165,500 | 26% |
| Madison | 8 | 10 | -20% | $184,950 | $94,100 | 96.5% |
| North Perry | 4 | 7 | -42.9% | $170,500 | $179,000 | -4.7% |
| Willoughby | 22 | 16 | 37.5% | $139,950 | $147,950 | -5.4% |
| Mentor | 49 | 43 | 14% | $139,900 | $156,500 | -10.6% |
| Painesville | 45 | 34 | 32.4% | $135,000 | $98,650 | 36.8% |
| Kirtland | 3 | 1 | 200% | $125,000 | $40,000 | 212.5% |
| Wickliffe | 19 | 20 | -5% | $120,900 | $70,100 | 72.5% |
| Mentor-on-the-Lake | 5 | 4 | 25% | $114,000 | $127,250 | -10.4% |
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