In June 2021, there were 21 homes sold, with a median sale price of $170,000 - a 24.8% increase over the $136,200 median sale price for the same period of the previous year. There were 12 homes sold in Mentor-on-the-Lake in June 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 June 2021.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sale prices in June 2021:
| City | June 2021 Home Sales | June 2020 Home Sales | % change (Total Home Sales) | June 2021 Median Sales Price | June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 108 | 89 | 21.3% | $220,000 | $200,000 | 10% |
| Lakeline | 3 | 0 | - | $200,000 | $0 | - |
| Shoreland | 1 | 0 | - | $190,500 | $0 | - |
| Willoughby | 40 | 34 | 17.6% | $181,000 | $180,000 | 0.6% |
| Madison | 22 | 12 | 83.3% | $175,000 | $169,000 | 3.6% |
| Mentor-on-the-Lake | 21 | 12 | 75% | $170,000 | $136,200 | 24.8% |
| Grand River | 1 | 0 | - | $165,000 | $0 | - |
| Willowick | 45 | 43 | 4.7% | $165,000 | $130,000 | 26.9% |
| Eastlake | 35 | 25 | 40% | $164,000 | $113,500 | 44.5% |
| Painesville | 94 | 73 | 28.8% | $157,500 | $153,000 | 2.9% |
| North Madison | 14 | 14 | 0% | $155,012.50 | $134,450 | 15.3% |
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