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Buckeye Reporter

Wednesday, October 30, 2024

Madison home prices rise in April 2020

Re 10

The median sale price of a home sold in April 2020 in Madison rose by $3,000 while total sales increased by 87.5%, according to BlockShopper.com.

In April 2020, there were 15 homes sold, with a median sale price of $151,500 - a 2% increase over the $148,500 median sale price for the same period of the previous year. There were eight homes sold in Madison in April 2019.

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 April 2020.

The following table compares Madison to other Lake County cities with similar median sales prices in April 2020:

CityApr. 2020 Home SalesApr. 2019 Home Sales% change (Total Home Sales)Apr. 2020 Median Sales PriceApr. 2019 Median Sales Price% change (Median Sales Price)
North Perry5425%$198,000$167,00018.6%
Grand River10-$185,000$0-
Mentor6183-26.5%$180,000$177,0001.7%
Painesville5973-19.2%$175,000$135,00029.6%
Willoughby Hills911-18.2%$169,000$222,500-24%
Madison15887.5%$151,500$148,5002%
Willoughby28273.7%$146,000$150,000-2.7%
Wickliffe2025-20%$139,750$107,25030.3%
North Madison16160%$138,125$117,00018.1%
Mentor-on-the-Lake10100%$137,450$128,0007.4%
Willowick2130-30%$136,500$121,00012.8%

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