From January through June of 2020, there were 58 homes sold, with a median sale price of $145,500 - a 18.4% increase over the $122,850 median sale price for the same period of the previous year. There were 53 homes sold in Mentor-on-the-Lake in the first half of 2019.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.1% of the median home sale price for the first half of 2020.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the first half of 2020:
| City | Jan. - June 2020 Home Sales | Jan. - June 2019 Home Sales | % change (Total Home Sales) | Jan. - June 2020 Median Sales Price | Jan. - June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grand River | 5 | 6 | -16.7% | $167,500 | $168,176 | -0.4% |
| Perry | 14 | 12 | 16.7% | $163,499.50 | $161,000 | 1.6% |
| Madison | 54 | 64 | -15.6% | $162,000 | $158,500 | 2.2% |
| Timberlake | 4 | 5 | -20% | $156,750 | $68,000 | 130.5% |
| Painesville | 354 | 376 | -5.9% | $149,000 | $137,700 | 8.2% |
| Mentor-on-the-Lake | 58 | 53 | 9.4% | $145,500 | $122,850 | 18.4% |
| Willoughby | 167 | 164 | 1.8% | $145,000 | $147,450 | -1.7% |
| Willowick | 131 | 124 | 5.6% | $130,000 | $117,000 | 11.1% |
| North Madison | 74 | 75 | -1.3% | $124,450 | $117,000 | 6.4% |
| Eastlake | 137 | 145 | -5.5% | $121,000 | $112,800 | 7.3% |
| Wickliffe | 133 | 135 | -1.5% | $118,280 | $114,000 | 3.8% |
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