The median sale price of a home sold in the second quarter of 2020 in Painesville rose by $21,750 while total sales decreased by 19.1%, according to BlockShopper.com.
From April through June of 2020, there were 178 homes sold, with a median sale price of $167,500 - a 14.9% increase over the $145,750 median sale price for the same period of the previous year. There were 220 homes sold in Painesville in the second quarter of 2019.
The median sales tax in Painesville for the most recent year with available data, 2015, was $4,253, approximately 2.5% of the median home sale price for the second quarter of 2020.
The following table compares Painesville to other Lake County cities with similar median sales prices in the second quarter of 2020:
| City | Apr. - June 2020 Home Sales | Apr. - June 2019 Home Sales | % change (Total Home Sales) | Apr. - June 2020 Median Sales Price | Apr. - June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kirtland | 15 | 22 | -31.8% | $205,000 | $223,500 | -8.3% |
| Perry | 9 | 11 | -18.2% | $199,000 | $169,000 | 17.8% |
| North Perry | 15 | 15 | 0% | $199,000 | $170,000 | 17.1% |
| Mentor | 214 | 265 | -19.2% | $184,950 | $160,000 | 15.6% |
| Grand River | 2 | 4 | -50% | $176,250 | $168,176 | 4.8% |
| Painesville | 178 | 220 | -19.1% | $167,500 | $145,750 | 14.9% |
| Willoughby | 93 | 92 | 1.1% | $158,000 | $149,998.50 | 5.3% |
| Madison | 33 | 44 | -25% | $155,000 | $151,450 | 2.3% |
| Mentor-on-the-Lake | 37 | 33 | 12.1% | $145,500 | $134,000 | 8.6% |
| Willowick | 82 | 76 | 7.9% | $133,250 | $119,750 | 11.3% |
| North Madison | 48 | 48 | 0% | $125,950 | $109,000 | 15.6% |
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