From October through December of 2020, there were 39 homes sold, with a median sale price of $152,200 - a 15.4% increase over the $131,863 median sale price for the same period of the previous year. There were 28 homes sold in Mentor-on-the-Lake in the fourth quarter of 2019.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2019, was $5,087, approximately 3.3% of the median home sale price for the fourth quarter of 2020.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sale prices in the fourth quarter of 2020:
| City | Oct. - Dec. 2020 Home Sales | Oct. - Dec. 2019 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2020 Median Sales Price | Oct. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Madison | 38 | 33 | 15.2% | $185,900 | $154,900 | 20% |
| Lakeline | 3 | 2 | 50% | $174,900 | $196,000 | -10.8% |
| Mentor | 266 | 184 | 44.6% | $173,950 | $152,450 | 14.1% |
| Painesville | 245 | 205 | 19.5% | $169,000 | $142,500 | 18.6% |
| Willoughby | 111 | 86 | 29.1% | $153,000 | $155,750 | -1.8% |
| Mentor-on-the-Lake | 39 | 28 | 39.3% | $152,200 | $131,862.50 | 15.4% |
| Willowick | 83 | 66 | 25.8% | $139,000 | $124,450 | 11.7% |
| North Madison | 47 | 34 | 38.2% | $135,000 | $114,950 | 17.4% |
| Wickliffe | 85 | 63 | 34.9% | $135,000 | $110,000 | 22.7% |
| Eastlake | 82 | 79 | 3.8% | $126,500 | $94,000 | 34.6% |
| Fairport Harbor | 28 | 21 | 33.3% | $106,000 | $119,000 | -10.9% |
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