In November 2017, there were seven homes sold, with a median sale price of $117,500 - a 18.1% increase over the $99,500 median sale price for the same period of the previous year. There were seven homes sold in Mentor-on-the-Lake in November 2016, as well.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.8% of the median home sale price for November 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in November 2017:
| City | Nov. 2017 Home Sales | Nov. 2016 Home Sales | % change (Total Home Sales) | Nov. 2017 Median Sales Price | Nov. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grand River | 3 | 0 | - | $143,000 | $0 | - |
| Painesville | 74 | 54 | 37% | $138,750 | $124,000 | 11.9% |
| Willoughby | 32 | 26 | 23.1% | $137,450 | $136,750 | 0.5% |
| Perry | 2 | 4 | -50% | $127,500 | $183,500 | -30.5% |
| Lane | 1 | 0 | - | $120,000 | $0 | - |
| Mentor-on-the-Lake | 7 | 7 | 0% | $117,500 | $99,500 | 18.1% |
| North Madison | 13 | 11 | 18.2% | $114,000 | $122,000 | -6.6% |
| Willowick | 18 | 22 | -18.2% | $105,000 | $90,750 | 15.7% |
| Wickliffe | 21 | 23 | -8.7% | $100,000 | $115,300 | -13.3% |
| Eastlake | 32 | 20 | 60% | $92,200 | $114,800 | -19.7% |
| Shoreland | 1 | 0 | - | $31,600 | $0 | - |
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