In December 2020, there were 10 homes sold, with a median sale price of $122,450 - a 23.3% decrease over the $159,700 median sale price for the same period of the previous year. There were 10 homes sold in Mentor-on-the-Lake in December 2019, as well.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2019, was $5,087, approximately 4.2% of the median home sale price for December 2020.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sale prices in December 2020:
| City | Dec. 2020 Home Sales | Dec. 2019 Home Sales | % change (Total Home Sales) | Dec. 2020 Median Sales Price | Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 81 | 59 | 37.3% | $167,500 | $150,000 | 11.7% |
| Willowick | 29 | 26 | 11.5% | $139,900 | $127,000 | 10.2% |
| Wickliffe | 27 | 16 | 68.8% | $139,000 | $99,750 | 39.3% |
| Willoughby | 35 | 23 | 52.2% | $137,240 | $145,344 | -5.6% |
| Eastlake | 24 | 25 | -4% | $126,950 | $113,000 | 12.3% |
| North Madison | 12 | 14 | -14.3% | $122,500 | $91,250 | 34.2% |
| Mentor-on-the-Lake | 10 | 10 | 0% | $122,450 | $159,700 | -23.3% |
| Fairport Harbor | 8 | 7 | 14.3% | $92,500 | $119,000 | -22.3% |
| Painesville on-the-Lake | 1 | 1 | 0% | $89,900 | $20,000 | 349.5% |
| Avenues Mobile Estates | 3 | 0 | - | $51,000 | $0 | - |
| Lakeline | 1 | 1 | 0% | $35,000 | $282,000 | -87.6% |
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