In October 2017, there were nine homes sold, with a median sale price of $72,000 - a 36.8% decrease over the $113,900 median sale price for the same period of the previous year. There were 11 homes sold in Mentor-on-the-Lake in October 2016.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 6.2% of the median home sale price for October 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in October 2017:
| City | Oct. 2017 Home Sales | Oct. 2016 Home Sales | % change (Total Home Sales) | Oct. 2017 Median Sales Price | Oct. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Painesville | 71 | 58 | 22.4% | $135,000 | $132,500 | 1.9% |
| Willoughby | 38 | 40 | -5% | $126,250 | $111,750 | 13% |
| Madison | 22 | 9 | 144.4% | $115,000 | $89,400 | 28.6% |
| North Madison | 15 | 14 | 7.1% | $115,000 | $82,950 | 38.6% |
| Wickliffe | 29 | 25 | 16% | $111,000 | $104,000 | 6.7% |
| Willowick | 35 | 30 | 16.7% | $97,500 | $87,450 | 11.5% |
| Fairport Harbor | 4 | 9 | -55.6% | $97,450 | $87,000 | 12% |
| Eastlake | 25 | 18 | 38.9% | $95,000 | $58,000 | 63.8% |
| Mentor-on-the-Lake | 9 | 11 | -18.2% | $72,000 | $113,900 | -36.8% |
| Perry | 3 | 4 | -25% | $66,000 | $211,500 | -68.8% |
| Avenues Mobile Estates | 2 | 2 | 0% | $37,500 | $52,300 | -28.3% |
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