From January through December of 2018, there were 112 homes sold, with a median sale price of $134,950 - a 12.5% increase over the $120,000 median sale price for the previous year. There were 138 homes sold in Mentor-on-the-Lake in 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 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in 2018:
| City | Jan. - Dec. 2018 Home Sales | Jan. - Dec. 2017 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2018 Median Sales Price | Jan. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Willoughby | 353 | 406 | -13.1% | $145,000 | $130,000 | 11.5% |
| Grand River | 8 | 12 | -33.3% | $141,000 | $137,900 | 2.2% |
| Perry | 29 | 46 | -37% | $139,000 | $123,500 | 12.6% |
| Painesville | 742 | 879 | -15.6% | $138,250 | $133,000 | 3.9% |
| Madison | 135 | 161 | -16.1% | $137,000 | $146,900 | -6.7% |
| Mentor-on-the-Lake | 112 | 138 | -18.8% | $134,950 | $120,000 | 12.5% |
| Timberlake | 17 | 15 | 13.3% | $120,000 | $125,400 | -4.3% |
| Lane | 2 | 4 | -50% | $118,000 | $77,200 | 52.8% |
| Willowick | 272 | 339 | -19.8% | $116,900 | $108,000 | 8.2% |
| North Madison | 194 | 176 | 10.2% | $114,100 | $99,600 | 14.6% |
| Fairport Harbor | 68 | 78 | -12.8% | $104,500 | $89,900 | 16.2% |
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