In May 2020, there were six homes sold, with a median sale price of $207,500 - a 40.5% increase over the $147,650 median sale price for the same period of the previous year. There were 17 homes sold in Madison in May 2019.
The median sales tax in Madison for the most recent year with available data, 2015, was $4,328, approximately 2.1% of the median home sale price for May 2020.
The following table compares 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) |
|---|---|---|---|---|---|---|
| Kirtland Hills | 1 | 1 | 0% | $535,000 | $291,000 | 83.8% |
| Willoughby Hills | 3 | 12 | -75% | $250,000 | $223,000 | 12.1% |
| Madison | 6 | 17 | -64.7% | $207,500 | $147,650 | 40.5% |
| Kirtland | 3 | 10 | -70% | $200,000 | $232,000 | -13.8% |
| North Perry | 6 | 5 | 20% | $190,750 | $135,000 | 41.3% |
| Painesville | 42 | 75 | -44% | $174,500 | $146,500 | 19.1% |
| Mentor | 65 | 97 | -33% | $170,000 | $155,000 | 9.7% |
| 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% |
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