From April through June of 2021, there were 41 homes sold, with a median sale price of $161,500 - a 11% increase over the $145,500 median sale price for the same period of the previous year. There were 37 homes sold in Mentor-on-the-Lake in the second quarter of 2020.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2019, was $5,087, approximately 3.2% of the median home sale price for the second quarter of 2021.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sale prices in the second quarter of 2021:
| City | Apr. - June 2021 Home Sales | Apr. - June 2020 Home Sales | % change (Total Home Sales) | Apr. - June 2021 Median Sales Price | Apr. - June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lakeline | 3 | 0 | - | $200,000 | $0 | - |
| Madison | 46 | 33 | 39.4% | $191,000 | $155,000 | 23.2% |
| Willoughby | 97 | 94 | 3.2% | $175,000 | $159,900 | 9.4% |
| Painesville | 250 | 172 | 45.3% | $169,000 | $169,950 | -0.6% |
| Grand River | 3 | 2 | 50% | $165,000 | $176,250 | -6.4% |
| Mentor-on-the-Lake | 41 | 37 | 10.8% | $161,500 | $145,500 | 11% |
| Eastlake | 100 | 77 | 29.9% | $151,750 | $124,900 | 21.5% |
| Willowick | 115 | 84 | 36.9% | $150,000 | $133,250 | 12.6% |
| Wickliffe | 96 | 72 | 33.3% | $138,000 | $123,750 | 11.5% |
| North Madison | 47 | 48 | -2.1% | $135,000 | $125,950 | 7.2% |
| Shoreland | 2 | 3 | -33.3% | $125,250 | $110,000 | 13.9% |
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