From January through June of 2021, there were 62 homes sold, with a median sale price of $161,250 - a 10.8% increase over the $145,500 median sale price for the same period of the previous year. There were 59 homes sold in Mentor-on-the-Lake in the first half 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 first half of 2021.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sale prices in the first half of 2021:
| City | Jan. - June 2021 Home Sales | Jan. - June 2020 Home Sales | % change (Total Home Sales) | Jan. - June 2021 Median Sales Price | Jan. - June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Perry | 14 | 14 | 0% | $197,900 | $163,499.50 | 21% |
| Mentor | 426 | 391 | 9% | $195,000 | $175,000 | 11.4% |
| Madison | 74 | 54 | 37% | $175,000 | $162,000 | 8% |
| Willoughby | 173 | 168 | 3% | $175,000 | $147,250 | 18.8% |
| Grand River | 5 | 5 | 0% | $165,000 | $167,500 | -1.5% |
| Mentor-on-the-Lake | 62 | 59 | 5.1% | $161,250 | $145,500 | 10.8% |
| Painesville | 403 | 343 | 17.5% | $154,900 | $153,000 | 1.2% |
| Lakeline | 4 | 1 | 300% | $150,000 | $180,000 | -16.7% |
| Eastlake | 189 | 144 | 31.3% | $145,000 | $123,275 | 17.6% |
| Willowick | 191 | 135 | 41.5% | $145,000 | $130,000 | 11.5% |
| North Madison | 81 | 75 | 8% | $145,000 | $124,900 | 16.1% |
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