In April 2021, there were eight homes sold, with a median sale price of $150,750 - a 9.7% increase over the $137,450 median sale price for the same period of the previous year. There were 10 homes sold in Mentor-on-the-Lake in April 2020.
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 April 2021.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sale prices in April 2021:
| City | Apr. 2021 Home Sales | Apr. 2020 Home Sales | % change (Total Home Sales) | Apr. 2021 Median Sales Price | Apr. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Perry | 5 | 1 | 400% | $208,000 | $199,000 | 4.5% |
| Madison | 12 | 15 | -20% | $207,500.50 | $151,500 | 37% |
| Mentor | 67 | 62 | 8.1% | $195,000 | $186,000 | 4.8% |
| Willoughby | 22 | 29 | -24.1% | $184,500 | $147,000 | 25.5% |
| Painesville | 73 | 59 | 23.7% | $171,513 | $175,000 | -2% |
| Mentor-on-the-Lake | 8 | 10 | -20% | $150,750 | $137,450 | 9.7% |
| Willowick | 32 | 21 | 52.4% | $147,000 | $136,500 | 7.7% |
| Eastlake | 27 | 24 | 12.5% | $145,000 | $107,500 | 34.9% |
| Wickliffe | 32 | 20 | 60% | $141,500 | $139,750 | 1.3% |
| North Madison | 13 | 16 | -18.8% | $121,500 | $138,125 | -12% |
| Avenues Mobile Estates | 4 | 1 | 300% | $109,450 | $67,000 | 63.4% |
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