In May 2021, there were 12 homes sold, with a median sale price of $170,500 - a 12.2% increase over the $152,000 median sale price for the same period of the previous year. There were 15 homes sold in Mentor-on-the-Lake in May 2020.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2019, was $5,087, approximately 3% of the median home sale price for May 2021.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sale prices in May 2021:
| City | May 2021 Home Sales | May 2020 Home Sales | % change (Total Home Sales) | May 2021 Median Sales Price | May 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kirtland | 4 | 3 | 33.3% | $320,000 | $200,000 | 60% |
| North Perry | 4 | 6 | -33.3% | $222,000 | $190,750 | 16.4% |
| Madison | 12 | 6 | 100% | $207,450 | $207,500 | -0% |
| Painesville | 77 | 40 | 92.5% | $200,000 | $178,000 | 12.4% |
| Mentor | 79 | 67 | 17.9% | $190,000 | $170,000 | 11.8% |
| Mentor-on-the-Lake | 12 | 15 | -20% | $170,500 | $152,000 | 12.2% |
| Willowick | 33 | 20 | 65% | $153,500 | $134,950 | 13.7% |
| Willoughby | 33 | 31 | 6.5% | $142,000 | $159,900 | -11.2% |
| Painesville on-the-Lake | 3 | 0 | - | $135,000 | $0 | - |
| Wickliffe | 31 | 23 | 34.8% | $129,000 | $120,800 | 6.8% |
| Eastlake | 32 | 28 | 14.3% | $125,950 | $130,000 | -3.1% |
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