From April through June of 2018, there were 44 homes sold, with a median sale price of $146,750 - a 8.7% increase over the $135,000 median sale price for the same period of the previous year. There were 31 homes sold in Madison in the second quarter of 2017.
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 second quarter of 2018.
The following table compares Madison to other Lake County cities with similar median sales prices in the second quarter of 2018:
| City | Apr. - June 2018 Home Sales | Apr. - June 2017 Home Sales | % change (Total Home Sales) | Apr. - June 2018 Median Sales Price | Apr. - June 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Willoughby Hills | 25 | 28 | -10.7% | $195,000 | $197,500 | -1.3% |
| Mentor | 278 | 297 | -6.4% | $169,250 | $162,000 | 4.5% |
| Lane | 1 | 2 | -50% | $150,000 | $34,400 | 336% |
| Timberlake | 2 | 5 | -60% | $148,500 | $96,100 | 54.5% |
| Willoughby | 105 | 108 | -2.8% | $148,000 | $130,500 | 13.4% |
| Madison | 44 | 31 | 41.9% | $146,750 | $135,000 | 8.7% |
| Painesville | 190 | 243 | -21.8% | $144,450 | $144,000 | 0.3% |
| Mentor-on-the-Lake | 27 | 43 | -37.2% | $142,500 | $128,500 | 10.9% |
| Perry | 9 | 12 | -25% | $132,000 | $117,000 | 12.8% |
| North Madison | 46 | 47 | -2.1% | $119,500 | $98,700 | 21.1% |
| Willowick | 71 | 105 | -32.4% | $114,000 | $110,000 | 3.6% |
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