In July 2018, there were 13 homes sold, with a median sale price of $136,900 - a 6.6% increase over the $128,450 median sale price for the same period of the previous year. There were 10 homes sold in Mentor-on-the-Lake in July 2017.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.3% of the median home sale price for July 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in July 2018:
| City | July 2018 Home Sales | July 2017 Home Sales | % change (Total Home Sales) | July 2018 Median Sales Price | July 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Perry | 9 | 6 | 50% | $184,000 | $188,000 | -2.1% |
| Kirtland | 11 | 4 | 175% | $167,000 | $308,000 | -45.8% |
| Mentor | 96 | 82 | 17.1% | $155,000 | $167,000 | -7.2% |
| Painesville | 77 | 81 | -4.9% | $145,000 | $130,000 | 11.5% |
| Madison | 8 | 15 | -46.7% | $138,000 | $179,400 | -23.1% |
| Mentor-on-the-Lake | 13 | 10 | 30% | $136,900 | $128,450 | 6.6% |
| Perry | 3 | 2 | 50% | $134,000 | $132,150 | 1.4% |
| Willoughby | 38 | 41 | -7.3% | $132,500 | $148,500 | -10.8% |
| Wickliffe | 32 | 21 | 52.4% | $123,000 | $112,500 | 9.3% |
| Willowick | 24 | 32 | -25% | $123,000 | $115,450 | 6.5% |
| North Madison | 16 | 17 | -5.9% | $114,000 | $102,500 | 11.2% |
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