In September 2019, there were 14 homes sold, with a median sale price of $140,000 - a 9.2% increase over the $128,250 median sale price for the same period of the previous year. There were 12 homes sold in Mentor-on-the-Lake in September 2018.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.2% of the median home sale price for September 2019.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in September 2019:
| City | Sept. 2019 Home Sales | Sept. 2018 Home Sales | % change (Total Home Sales) | Sept. 2019 Median Sales Price | Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Perry | 1 | 2 | -50% | $190,000 | $121,150 | 56.8% |
| Timberlake | 1 | 2 | -50% | $189,900 | $171,300 | 10.9% |
| Willoughby Hills | 3 | 9 | -66.7% | $175,000 | $212,000 | -17.5% |
| Mentor | 81 | 82 | -1.2% | $170,000 | $154,950 | 9.7% |
| Painesville | 74 | 61 | 21.3% | $151,500 | $155,000 | -2.3% |
| Mentor-on-the-Lake | 14 | 12 | 16.7% | $140,000 | $128,250 | 9.2% |
| Madison | 15 | 11 | 36.4% | $139,000 | $165,000 | -15.8% |
| Wickliffe | 26 | 22 | 18.2% | $127,450 | $100,000 | 27.5% |
| Willowick | 22 | 18 | 22.2% | $123,700 | $95,000 | 30.2% |
| North Madison | 14 | 20 | -30% | $120,000 | $125,250 | -4.2% |
| Willoughby | 29 | 27 | 7.4% | $116,000 | $125,500 | -7.6% |
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