From January through March of 2020, there were 20 homes sold, with a median sale price of $147,125 - a 22.6% increase over the $120,009 median sale price for the same period of the previous year. There were 20 homes sold in Mentor-on-the-Lake in the first quarter of 2019, as well.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3% of the median home sale price for the first quarter of 2020.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the first quarter of 2020:
| City | Jan. - Mar. 2020 Home Sales | Jan. - Mar. 2019 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2020 Median Sales Price | Jan. - Mar. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Timberlake | 2 | 4 | -50% | $192,500 | $114,500 | 68.1% |
| North Perry | 11 | 12 | -8.3% | $180,000 | $173,750 | 3.6% |
| Madison | 21 | 20 | 5% | $165,000 | $179,450 | -8.1% |
| Mentor | 168 | 168 | 0% | $163,750 | $158,000 | 3.6% |
| Willoughby Hills | 14 | 12 | 16.7% | $160,500 | $274,003.50 | -41.4% |
| Mentor-on-the-Lake | 20 | 20 | 0% | $147,125 | $120,008.50 | 22.6% |
| Perry | 5 | 1 | 400% | $135,000 | $54,000 | 150% |
| Painesville | 174 | 156 | 11.5% | $132,000 | $127,000 | 3.9% |
| Willoughby | 74 | 72 | 2.8% | $127,950 | $143,400 | -10.8% |
| Eastlake | 63 | 56 | 12.5% | $124,900 | $108,105 | 15.5% |
| Willowick | 49 | 48 | 2.1% | $123,000 | $115,000 | 7% |
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