In January 2021, there were eight homes sold, with a median sale price of $110,000 - a 48.2% decrease over the $212,500 median sale price for the same period of the previous year. There were four homes sold in Madison in January 2020.
The median sales tax in Madison for the most recent year with available data, 2019, was $5,188, approximately 4.7% of the median home sale price for January 2021.
The following table compares Madison to other Lake County cities with similar median sale prices in January 2021:
| City | Jan. 2021 Home Sales | Jan. 2020 Home Sales | % change (Total Home Sales) | Jan. 2021 Median Sales Price | Jan. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 54 | 49 | 10.2% | $182,400 | $134,900 | 35.2% |
| Fairport Harbor | 4 | 5 | -20% | $176,250 | $99,500 | 77.1% |
| Mentor-on-the-Lake | 10 | 7 | 42.9% | $158,700 | $134,000 | 18.4% |
| Willoughby | 20 | 19 | 5.3% | $157,450 | $125,900 | 25.1% |
| Painesville | 31 | 50 | -38% | $151,000 | $141,177.50 | 7% |
| North Madison | 8 | 11 | -27.3% | $150,000 | $70,000 | 114.3% |
| Painesville on-the-Lake | 1 | 0 | - | $148,000 | $0 | - |
| Eastlake | 21 | 19 | 10.5% | $137,800 | $93,000 | 48.2% |
| Willowick | 20 | 16 | 25% | $133,500 | $116,500 | 14.6% |
| Wickliffe | 19 | 20 | -5% | $132,000 | $115,000 | 14.8% |
| Madison | 8 | 4 | 100% | $110,000 | $212,500 | -48.2% |
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