In October 2020, there were 18 homes sold, with a median sale price of $150,850 - a 47.2% increase over the $102,500 median sale price for the same period of the previous year. There were 12 homes sold in Mentor-on-the-Lake in October 2019.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2019, was $5,087, approximately 3.4% of the median home sale price for October 2020.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in October 2020:
| City | Oct. 2020 Home Sales | Oct. 2019 Home Sales | % change (Total Home Sales) | Oct. 2020 Median Sales Price | Oct. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Timberlake | 3 | 0 | - | $200,000 | $0 | - |
| Painesville | 98 | 70 | 40% | $189,000 | $136,750 | 38.2% |
| Madison | 15 | 9 | 66.7% | $185,200 | $160,000 | 15.8% |
| Mentor | 98 | 75 | 30.7% | $169,000 | $155,000 | 9% |
| Willoughby | 41 | 40 | 2.5% | $153,000 | $157,250 | -2.7% |
| Mentor-on-the-Lake | 18 | 12 | 50% | $150,850 | $102,500 | 47.2% |
| North Madison | 19 | 11 | 72.7% | $150,000 | $125,000 | 20% |
| Willowick | 32 | 17 | 88.2% | $143,200 | $131,000 | 9.3% |
| Eastlake | 42 | 36 | 16.7% | $129,500 | $75,000 | 72.7% |
| Grand River | 2 | 0 | - | $121,435 | $0 | - |
| Wickliffe | 37 | 28 | 32.1% | $117,500 | $114,075 | 3% |
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