From July through September of 2019, there were 32 homes sold, with a median sale price of $138,450 - a 5.3% increase over the $131,500 median sale price for the same period of the previous year. There were 34 homes sold in Mentor-on-the-Lake in the third quarter of 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 the third quarter of 2019.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the third quarter of 2019:
| City | July - Sept. 2019 Home Sales | July - Sept. 2018 Home Sales | % change (Total Home Sales) | July - Sept. 2019 Median Sales Price | July - Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 270 | 274 | -1.5% | $175,450 | $155,350 | 12.9% |
| Madison | 48 | 38 | 26.3% | $160,000 | $136,450 | 17.3% |
| Lane | 4 | 1 | 300% | $160,000 | $86,000 | 86% |
| Painesville | 214 | 230 | -7% | $157,000 | $143,000 | 9.8% |
| Willoughby | 94 | 107 | -12.1% | $144,200 | $144,900 | -0.5% |
| Mentor-on-the-Lake | 32 | 34 | -5.9% | $138,450 | $131,500 | 5.3% |
| Timberlake | 2 | 5 | -60% | $137,450 | $106,600 | 28.9% |
| Wickliffe | 73 | 80 | -8.8% | $124,000 | $108,000 | 14.8% |
| Willowick | 84 | 65 | 29.2% | $123,700 | $123,000 | 0.6% |
| Eastlake | 76 | 83 | -8.4% | $122,250 | $92,500 | 32.2% |
| North Madison | 38 | 62 | -38.7% | $116,312.50 | $121,500 | -4.3% |
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