In July 2021, there were 13 homes sold, with a median sale price of $194,000 - a 23.2% increase over the $157,450 median sale price for the same period of the previous year. There were 16 homes sold in Madison in July 2020.
The median sales tax in Madison for the most recent year with available data, 2019, was $5,188, approximately 2.7% of the median home sale price for July 2021.
The following table compares Madison to other Lake County cities with similar median sale prices in July 2021:
| City | July 2021 Home Sales | July 2020 Home Sales | % change (Total Home Sales) | July 2021 Median Sales Price | July 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kirtland | 8 | 8 | 0% | $488,500 | $361,000 | 35.3% |
| Lakeline | 1 | 0 | - | $467,000 | $0 | - |
| Willoughby Hills | 13 | 12 | 8.3% | $330,000 | $329,500 | 0.2% |
| North Perry | 12 | 8 | 50% | $245,000 | $146,250 | 67.5% |
| Mentor | 132 | 98 | 34.7% | $213,000 | $194,500 | 9.5% |
| Madison | 13 | 16 | -18.8% | $194,000 | $157,450 | 23.2% |
| Willoughby | 47 | 44 | 6.8% | $190,000 | $171,500 | 10.8% |
| Painesville | 92 | 87 | 5.7% | $180,000 | $148,800 | 21% |
| Mentor-on-the-Lake | 16 | 9 | 77.8% | $172,500 | $141,000 | 22.3% |
| Perry | 3 | 3 | 0% | $170,000 | $200,000 | -15% |
| North Madison | 23 | 15 | 53.3% | $159,900 | $139,900 | 14.3% |
Alerts Sign-up