From July through September of 2018, there were 34 homes sold, with a median sale price of $131,500 - a 11.4% increase over the $118,000 median sale price for the same period of the previous year. There were 44 homes sold in Mentor-on-the-Lake in the third quarter of 2017.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.4% of the median home sale price for the third quarter of 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the third quarter of 2018:
| City | July - Sept. 2018 Home Sales | July - Sept. 2017 Home Sales | % change (Total Home Sales) | July - Sept. 2018 Median Sales Price | July - Sept. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grand River | 1 | 3 | -66.7% | $172,000 | $163,400 | 5.3% |
| Mentor | 274 | 257 | 6.6% | $155,350 | $155,000 | 0.2% |
| Willoughby | 107 | 127 | -15.7% | $144,900 | $135,900 | 6.6% |
| Painesville | 230 | 245 | -6.1% | $143,000 | $135,000 | 5.9% |
| Madison | 38 | 54 | -29.6% | $136,450 | $155,750 | -12.4% |
| Mentor-on-the-Lake | 34 | 44 | -22.7% | $131,500 | $118,000 | 11.4% |
| Willowick | 65 | 95 | -31.6% | $123,000 | $110,000 | 11.8% |
| Perry | 8 | 16 | -50% | $122,000 | $136,500 | -10.6% |
| North Madison | 62 | 50 | 24% | $121,500 | $112,000 | 8.5% |
| Wickliffe | 80 | 74 | 8.1% | $108,000 | $100,000 | 8% |
| Timberlake | 5 | 5 | 0% | $106,600 | $130,000 | -18% |
Alerts Sign-up