In March 2020, there were 12 homes sold, with a median sale price of $119,250 - a 29.9% decrease over the $170,000 median sale price for the same period of the previous year. There were seven homes sold in Madison in March 2019.
The median sales tax in Madison for the most recent year with available data, 2015, was $4,328, approximately 3.6% of the median home sale price for March 2020.
The following table compares Madison to other Lake County cities with similar median sales prices in March 2020:
| City | Mar. 2020 Home Sales | Mar. 2019 Home Sales | % change (Total Home Sales) | Mar. 2020 Median Sales Price | Mar. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Madison | 10 | 12 | -16.7% | $139,900 | $137,400 | 1.8% |
| Willoughby | 31 | 32 | -3.1% | $134,500 | $138,000 | -2.5% |
| Eastlake | 28 | 21 | 33.3% | $127,995 | $127,000 | 0.8% |
| Willowick | 17 | 16 | 6.3% | $127,000 | $123,250 | 3% |
| Painesville | 69 | 58 | 19% | $120,000 | $123,250 | -2.6% |
| Madison | 12 | 7 | 71.4% | $119,250 | $170,000 | -29.9% |
| Wickliffe | 23 | 27 | -14.8% | $112,500 | $110,000 | 2.3% |
| Avenues Mobile Estates | 2 | 3 | -33.3% | $93,500 | $46,000 | 103.3% |
| Grand River | 1 | 1 | 0% | $89,500 | $159,000 | -43.7% |
| Lane | 1 | 1 | 0% | $75,000 | $362,000 | -79.3% |
| Shoreland | 1 | 1 | 0% | $24,000 | $28,500 | -15.8% |
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