In June 2018, there were 14 homes sold, with a median sale price of $152,500 - a 18.7% increase over the $128,500 median sale price for the same period of the previous year. There were 16 homes sold in Madison in June 2017.
The median sales tax in Madison for the most recent year with available data, 2015, was $4,328, approximately 2.8% of the median home sale price for June 2018.
The following table compares Madison to other Lake County cities with similar median sales prices in June 2018:
| City | June 2018 Home Sales | June 2017 Home Sales | % change (Total Home Sales) | June 2018 Median Sales Price | June 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Willoughby | 37 | 39 | -5.1% | $200,000 | $130,000 | 53.8% |
| Willoughby Hills | 13 | 9 | 44.4% | $188,500 | $160,000 | 17.8% |
| Mentor | 104 | 120 | -13.3% | $184,250 | $167,000 | 10.3% |
| Painesville | 91 | 94 | -3.2% | $164,900 | $136,000 | 21.3% |
| Perry | 2 | 8 | -75% | $160,000 | $133,950 | 19.4% |
| Madison | 14 | 16 | -12.5% | $152,500 | $128,500 | 18.7% |
| Mentor-on-the-Lake | 9 | 17 | -47.1% | $143,800 | $125,000 | 15% |
| North Madison | 18 | 18 | 0% | $119,500 | $67,750 | 76.4% |
| Fairport Harbor | 6 | 8 | -25% | $118,250 | $115,500 | 2.4% |
| Willowick | 32 | 32 | 0% | $109,950 | $114,000 | -3.6% |
| Eastlake | 26 | 31 | -16.1% | $109,250 | $104,500 | 4.5% |
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