In March 2018, there were 45 homes sold, with a median sale price of $141,000 - a 31.2% increase over the $107,500 median sale price for the same period of the previous year. There were 82 homes sold in Painesville in March 2017.
The median sales tax in Painesville for the most recent year with available data, 2015, was $4,253, approximately 3% of the median home sale price for March 2018.
The following table compares Painesville to other Lake County cities with similar median sales prices in March 2018:
| City | Mar. 2018 Home Sales | Mar. 2017 Home Sales | % change (Total Home Sales) | Mar. 2018 Median Sales Price | Mar. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Perry | 2 | 3 | -33.3% | $160,500 | $252,000 | -36.3% |
| Mentor | 66 | 76 | -13.2% | $160,500 | $129,750 | 23.7% |
| Willoughby | 22 | 30 | -26.7% | $155,200 | $129,450 | 19.9% |
| Grand River | 1 | 2 | -50% | $152,000 | $104,650 | 45.2% |
| Timberlake | 2 | 0 | - | $146,750 | $0 | - |
| Painesville | 45 | 82 | -45.1% | $141,000 | $107,500 | 31.2% |
| Madison | 8 | 10 | -20% | $130,250 | $182,500 | -28.6% |
| Mentor-on-the-Lake | 10 | 12 | -16.7% | $120,500 | $141,950 | -15.1% |
| Fairport Harbor | 6 | 9 | -33.3% | $116,250 | $57,500 | 102.2% |
| North Madison | 17 | 21 | -19% | $114,200 | $85,000 | 34.4% |
| North Perry | 3 | 8 | -62.5% | $113,400 | $140,000 | -19% |
Alerts Sign-up