From April through June of 2018, there were 27 homes sold, with a median sale price of $142,500 - a 10.9% increase over the $128,500 median sale price for the same period of the previous year. There were 43 homes sold in Mentor-on-the-Lake in the second 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 3.1% of the median home sale price for the second quarter of 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the second quarter of 2018:
| City | Apr. - June 2018 Home Sales | Apr. - June 2017 Home Sales | % change (Total Home Sales) | Apr. - June 2018 Median Sales Price | Apr. - June 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lane | 1 | 2 | -50% | $150,000 | $34,400 | 336% |
| Timberlake | 2 | 5 | -60% | $148,500 | $96,100 | 54.5% |
| Willoughby | 105 | 108 | -2.8% | $148,000 | $130,500 | 13.4% |
| Madison | 44 | 31 | 41.9% | $146,750 | $135,000 | 8.7% |
| Painesville | 190 | 243 | -21.8% | $144,450 | $144,000 | 0.3% |
| Mentor-on-the-Lake | 27 | 43 | -37.2% | $142,500 | $128,500 | 10.9% |
| Perry | 9 | 12 | -25% | $132,000 | $117,000 | 12.8% |
| North Madison | 46 | 47 | -2.1% | $119,500 | $98,700 | 21.1% |
| Willowick | 71 | 105 | -32.4% | $114,000 | $110,000 | 3.6% |
| Eastlake | 72 | 90 | -20% | $106,500 | $103,350 | 3% |
| Wickliffe | 79 | 85 | -7.1% | $106,500 | $91,000 | 17% |
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