In May 2021, there were 12 homes sold, with a median sale price of $207,450 - a 0% decrease over the $207,500 median sale price for the same period of the previous year. There were six homes sold in Madison in May 2020.
The median sales tax in Madison for the most recent year with available data, 2019, was $5,188, approximately 2.5% of the median home sale price for May 2021.
The following table compares 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) |
|---|---|---|---|---|---|---|
| Waite Hill | 1 | 0 | - | $500,000 | $0 | - |
| Willoughby Hills | 8 | 3 | 166.7% | $357,000 | $250,000 | 42.8% |
| Kirtland | 4 | 3 | 33.3% | $320,000 | $200,000 | 60% |
| North Perry | 4 | 6 | -33.3% | $222,000 | $190,750 | 16.4% |
| Madison | 12 | 6 | 100% | $207,450 | $207,500 | -0% |
| Painesville | 77 | 40 | 92.5% | $200,000 | $178,000 | 12.4% |
| Mentor | 79 | 67 | 17.9% | $190,000 | $170,000 | 11.8% |
| Mentor-on-the-Lake | 12 | 15 | -20% | $170,500 | $152,000 | 12.2% |
| 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 | - |
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