In May 2021, there were 19 homes sold, with a median sale price of $125,000 - a 6% increase over the $117,950 median sale price for the same period of the previous year. There were 18 homes sold in North Madison in May 2020.
The median sales tax in North Madison for the most recent year with available data, 2019, was $3,964, approximately 3.2% of the median home sale price for May 2021.
The following table compares North Madison to other Lake County cities with similar median sale prices in May 2021:
| City | May 2021 Home Sales | May 2020 Home Sales | % change (Total Home Sales) | May 2021 Median Sales Price | May 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Willowick | 33 | 20 | 65% | $153,500 | $134,950 | 13.7% |
| Willoughby | 33 | 31 | 6.5% | $142,000 | $159,900 | -11.2% |
| Painesville on-the-Lake | 3 | 0 | - | $135,000 | $0 | - |
| Wickliffe | 31 | 23 | 34.8% | $129,000 | $120,800 | 6.8% |
| Eastlake | 32 | 28 | 14.3% | $125,950 | $130,000 | -3.1% |
| North Madison | 19 | 18 | 5.6% | $125,000 | $117,950 | 6% |
| Fairport Harbor | 5 | 2 | 150% | $114,000 | $74,000 | 54.1% |
| Avenues Mobile Estates | 2 | 0 | - | $102,550 | $0 | - |
| Grand River | 2 | 1 | 100% | $100,550 | $167,500 | -40% |
| Perry | 1 | 2 | -50% | $66,000 | $79,400 | -16.9% |
| Shoreland | 1 | 1 | 0% | $60,000 | $110,000 | -45.5% |
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