In May 2020, there were 18 homes sold, with a median sale price of $117,950 - a 7.2% increase over the $110,000 median sale price for the same period of the previous year. There were 15 homes sold in North Madison in May 2019.
The median sales tax in North Madison for the most recent year with available data, 2015, was $3,378, approximately 2.9% of the median home sale price for May 2020.
The following table compares North Madison to other Lake County cities with similar median sales prices in May 2020:
| City | May 2020 Home Sales | May 2019 Home Sales | % change (Total Home Sales) | May 2020 Median Sales Price | May 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grand River | 1 | 2 | -50% | $167,500 | $172,500 | -2.9% |
| Willoughby | 32 | 36 | -11.1% | $158,950 | $136,750 | 16.2% |
| Mentor-on-the-Lake | 15 | 10 | 50% | $152,000 | $131,500 | 15.6% |
| Willowick | 18 | 28 | -35.7% | $134,950 | $113,000 | 19.4% |
| Timberlake | 1 | 0 | - | $133,500 | $0 | - |
| Eastlake | 23 | 33 | -30.3% | $130,000 | $112,000 | 16.1% |
| Wickliffe | 23 | 30 | -23.3% | $120,800 | $109,500 | 10.3% |
| North Madison | 18 | 15 | 20% | $117,950 | $110,000 | 7.2% |
| Fairport Harbor | 3 | 7 | -57.1% | $113,000 | $122,000 | -7.4% |
| Shoreland | 1 | 1 | 0% | $110,000 | $135,900 | -19.1% |
| Perry | 2 | 0 | - | $79,400 | $0 | - |
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