In March 2021, there were eight homes sold, with a median sale price of $159,500 - a 33.8% increase over the $119,250 median sale price for the same period of the previous year. There were 12 homes sold in Madison in March 2020.
The median sales tax in Madison for the most recent year with available data, 2019, was $5,188, approximately 3.3% of the median home sale price for March 2021.
The following table compares Madison to other Lake County cities with similar median sale prices in March 2021:
| City | Mar. 2021 Home Sales | Mar. 2020 Home Sales | % change (Total Home Sales) | Mar. 2021 Median Sales Price | Mar. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 61 | 86 | -29.1% | $190,000 | $176,500 | 7.6% |
| Lane | 1 | 1 | 0% | $172,000 | $75,000 | 129.3% |
| Avenues Mobile Estates | 2 | 2 | 0% | $166,500 | $93,500 | 78.1% |
| Mentor-on-the-Lake | 6 | 10 | -40% | $162,000 | $151,700 | 6.8% |
| Fairport Harbor | 7 | 2 | 250% | $160,000 | $148,450 | 7.8% |
| Madison | 8 | 12 | -33.3% | $159,500 | $119,250 | 33.8% |
| Willowick | 27 | 17 | 58.8% | $145,000 | $127,000 | 14.2% |
| North Madison | 16 | 11 | 45.5% | $141,700 | $135,000 | 5% |
| Grand River | 2 | 1 | 100% | $135,500 | $89,500 | 51.4% |
| Painesville | 57 | 70 | -18.6% | $134,900 | $136,250 | -1% |
| Perry | 2 | 4 | -50% | $132,250 | $141,000 | -6.2% |
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