From July through December of 2018, there were 61 homes sold, with a median sale price of $137,000 - a 16.6% increase over the $117,500 median sale price for the same period of the previous year. There were 68 homes sold in Mentor-on-the-Lake in the second half of 2017.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.3% of the median home sale price for the second half of 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the second half of 2018:
| City | July - Dec. 2018 Home Sales | July - Dec. 2017 Home Sales | % change (Total Home Sales) | July - Dec. 2018 Median Sales Price | July - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grand River | 1 | 7 | -85.7% | $172,000 | $163,000 | 5.5% |
| Mentor | 503 | 503 | 0% | $152,000 | $155,000 | -1.9% |
| Perry | 12 | 23 | -47.8% | $142,250 | $135,000 | 5.4% |
| Willoughby | 188 | 226 | -16.8% | $140,500 | $135,450 | 3.7% |
| Painesville | 434 | 453 | -4.2% | $140,000 | $135,000 | 3.7% |
| Mentor-on-the-Lake | 61 | 68 | -10.3% | $137,000 | $117,500 | 16.6% |
| Madison | 64 | 101 | -36.6% | $131,250 | $145,000 | -9.5% |
| Timberlake | 11 | 8 | 37.5% | $120,000 | $127,700 | -6% |
| Willowick | 131 | 176 | -25.6% | $120,000 | $109,450 | 9.6% |
| North Madison | 112 | 89 | 25.8% | $113,500 | $108,000 | 5.1% |
| Fairport Harbor | 37 | 36 | 2.8% | $106,000 | $93,750 | 13.1% |
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