In February 2018, there were four homes sold, with a median sale price of $127,250 - a 2% increase over the $124,750 median sale price for the same period of the previous year. There were 10 homes sold in Mentor-on-the-Lake in February 2017.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.5% of the median home sale price for February 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in February 2018:
| City | Feb. 2018 Home Sales | Feb. 2017 Home Sales | % change (Total Home Sales) | Feb. 2018 Median Sales Price | Feb. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Perry | 3 | 5 | -40% | $213,000 | $120,000 | 77.5% |
| North Perry | 7 | 5 | 40% | $179,000 | $98,000 | 82.7% |
| Willoughby Hills | 6 | 11 | -45.5% | $165,500 | $185,000 | -10.5% |
| Mentor | 43 | 53 | -18.9% | $156,500 | $129,000 | 21.3% |
| Willoughby | 16 | 24 | -33.3% | $147,950 | $95,500 | 54.9% |
| Mentor-on-the-Lake | 4 | 10 | -60% | $127,250 | $124,750 | 2% |
| Timberlake | 1 | 1 | 0% | $125,600 | $205,000 | -38.7% |
| Willowick | 21 | 19 | 10.5% | $122,500 | $95,000 | 28.9% |
| Avenues Mobile Estates | 1 | 1 | 0% | $120,000 | $66,300 | 81% |
| Painesville | 34 | 53 | -35.8% | $98,650 | $112,000 | -11.9% |
| Madison | 10 | 8 | 25% | $94,100 | $189,750 | -50.4% |
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