From January through March of 2021, there were 27 homes sold, with a median sale price of $144,000 - a 12.7% decrease over the $165,000 median sale price for the same period of the previous year. There were 21 homes sold in Madison in the first quarter of 2020.
The median sales tax in Madison for the most recent year with available data, 2019, was $5,188, approximately 3.6% of the median home sale price for the first quarter of 2021.
The following table compares Madison to other Lake County cities with similar median sale prices in the first quarter of 2021:
| City | Jan. - Mar. 2021 Home Sales | Jan. - Mar. 2020 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2021 Median Sales Price | Jan. - Mar. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Perry | 4 | 5 | -20% | $168,650 | $135,000 | 24.9% |
| Fairport Harbor | 12 | 10 | 20% | $162,750 | $94,750 | 71.8% |
| Mentor-on-the-Lake | 21 | 22 | -4.5% | $160,000 | $147,125 | 8.8% |
| Painesville on-the-Lake | 1 | 0 | - | $148,000 | $0 | - |
| North Madison | 33 | 27 | 22.2% | $145,000 | $123,000 | 17.9% |
| Madison | 27 | 21 | 28.6% | $144,000 | $165,000 | -12.7% |
| Painesville | 148 | 171 | -13.5% | $143,450 | $134,000 | 7.1% |
| Avenues Mobile Estates | 5 | 2 | 150% | $143,000 | $93,500 | 52.9% |
| Willowick | 74 | 51 | 45.1% | $140,000 | $123,000 | 13.8% |
| Eastlake | 84 | 67 | 25.4% | $136,250 | $121,650 | 12% |
| Grand River | 2 | 3 | -33.3% | $135,500 | $89,500 | 51.4% |
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