Rising home prices in North Madison in January 2021

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The median sale price of a home sold in January 2021 in North Madison rose by $80,000 while total sales decreased by 27.3%, according to BlockShopper.com.

In January 2021, there were eight homes sold, with a median sale price of $150,000 - a 114.3% increase over the $70,000 median sale price for the same period of the previous year. There were 11 homes sold in North Madison in January 2020.

The median sales tax in North Madison for the most recent year with available data, 2019, was $3,964, approximately 2.6% of the median home sale price for January 2021.

The following table compares North Madison to other Lake County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Fairport Harbor45-20%$176,250$99,50077.1%
North Madison811-27.3%$150,000$70,000114.3%
Painesville on-the-Lake10-$148,000$0-

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