From July through September of 2019, there were 48 homes sold, with a median sale price of $160,000 - a 17.3% increase over the $136,450 median sale price for the same period of the previous year. There were 38 homes sold in Madison in the third quarter of 2018.
The median sales tax in Madison for the most recent year with available data, 2015, was $4,328, approximately 2.7% of the median home sale price for the third quarter of 2019.
The following table compares Madison to other Lake County cities with similar median sales prices in the third quarter of 2019:
| City | July - Sept. 2019 Home Sales | July - Sept. 2018 Home Sales | % change (Total Home Sales) | July - Sept. 2019 Median Sales Price | July - Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Perry | 6 | 8 | -25% | $217,450 | $122,000 | 78.2% |
| Willoughby Hills | 20 | 38 | -47.4% | $213,000 | $209,000 | 1.9% |
| Grand River | 1 | 1 | 0% | $208,500 | $172,000 | 21.2% |
| North Perry | 17 | 27 | -37% | $189,000 | $199,000 | -5% |
| Mentor | 270 | 274 | -1.5% | $175,450 | $155,350 | 12.9% |
| Madison | 48 | 38 | 26.3% | $160,000 | $136,450 | 17.3% |
| Lane | 4 | 1 | 300% | $160,000 | $86,000 | 86% |
| Painesville | 214 | 230 | -7% | $157,000 | $143,000 | 9.8% |
| Willoughby | 94 | 107 | -12.1% | $144,200 | $144,900 | -0.5% |
| Mentor-on-the-Lake | 32 | 34 | -5.9% | $138,450 | $131,500 | 5.3% |
| Timberlake | 2 | 5 | -60% | $137,450 | $106,600 | 28.9% |
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