In January 2020, there were six homes sold, with a median sale price of $142,125 - a 59.8% increase over the $88,920 median sale price for the same period of the previous year. There were three homes sold in Mentor-on-the-Lake in January 2019.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.1% of the median home sale price for January 2020.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in January 2020:
| City | Jan. 2020 Home Sales | Jan. 2019 Home Sales | % change (Total Home Sales) | Jan. 2020 Median Sales Price | Jan. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Waite Hill | 1 | 1 | 0% | $216,000 | $575,000 | -62.4% |
| Madison | 4 | 5 | -20% | $212,500 | $154,000 | 38% |
| North Perry | 5 | 7 | -28.6% | $180,000 | $179,500 | 0.3% |
| Mentor-on-the-Lake | 6 | 3 | 100% | $142,125 | $88,920 | 59.8% |
| Painesville | 51 | 53 | -3.8% | $140,205 | $118,000 | 18.8% |
| Mentor | 45 | 55 | -18.2% | $134,900 | $164,000 | -17.7% |
| Kirtland | 4 | 2 | 100% | $130,750 | $332,500 | -60.7% |
| Willoughby | 19 | 18 | 5.6% | $125,900 | $152,000 | -17.2% |
| Willoughby Hills | 2 | 5 | -60% | $122,000 | $369,000 | -66.9% |
| Perry | 1 | 1 | 0% | $117,000 | $54,000 | 116.7% |
| Willowick | 14 | 20 | -30% | $116,500 | $112,750 | 3.3% |
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