In December 2017, there were eight homes sold, with a median sale price of $129,000 - a 17.1% increase over the $110,200 median sale price for the same period of the previous year. There were 10 homes sold in Mentor-on-the-Lake in December 2016.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.5% of the median home sale price for December 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in December 2017:
| City | Dec. 2017 Home Sales | Dec. 2016 Home Sales | % change (Total Home Sales) | Dec. 2017 Median Sales Price | Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Willoughby Hills | 14 | 9 | 55.6% | $185,000 | $167,200 | 10.6% |
| Mentor | 76 | 78 | -2.6% | $153,000 | $143,250 | 6.8% |
| Perry | 2 | 4 | -50% | $146,500 | $100,850 | 45.3% |
| North Perry | 6 | 7 | -14.3% | $142,500 | $170,000 | -16.2% |
| Willoughby | 29 | 29 | 0% | $134,000 | $123,000 | 8.9% |
| Mentor-on-the-Lake | 8 | 10 | -20% | $129,000 | $110,200 | 17.1% |
| Painesville on-the-Lake | 1 | 0 | - | $128,000 | $0 | - |
| Madison | 12 | 18 | -33.3% | $124,000 | $76,550 | 62% |
| Painesville | 63 | 56 | 12.5% | $122,100 | $149,250 | -18.2% |
| Willowick | 28 | 28 | 0% | $110,450 | $91,900 | 20.2% |
| Wickliffe | 25 | 19 | 31.6% | $106,000 | $89,200 | 18.8% |
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