Mark Sovey sells 8360 Timber Lane, Painesville

The home at 8360 Timber Lane, Painesville, was sold on July 8 by Mark Sovey for $587,500.

David M. and Christina J. Manista were listed as the buyers.

Property taxes on the home totaled $11,237 in 2022, or 1.9% of the sale price.

This property is one of 66 sales in Painesville, Lake County, between June 8 and July 8.

This article is based on data published by BlockShopper.com.

U.S. home prices continued to rise in 2025, with the national median reaching about $447,000 in June. That's up 1.13% from a year earlier, according to Redfin. The data also show a significant gap in supply and demand, with 36% more sellers than buyers (a difference of 508,715 homes). By Redfin’s definition, a balanced market has seller and buyer numbers within 10% of each other.