In September 2017, there were 13 homes sold, with a median sale price of $107,500 - a 11.2% decrease over the $121,000 median sale price for the same period of the previous year. There were 12 homes sold in Mentor-on-the-Lake in September 2016.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 4.2% of the median home sale price for September 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in September 2017:
| City | Sept. 2017 Home Sales | Sept. 2016 Home Sales | % change (Total Home Sales) | Sept. 2017 Median Sales Price | Sept. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Timberlake | 2 | 2 | 0% | $127,500 | $129,750 | -1.7% |
| Painesville | 67 | 62 | 8.1% | $125,000 | $140,500 | -11% |
| Madison | 18 | 6 | 200% | $122,500 | $163,500 | -25.1% |
| North Madison | 16 | 21 | -23.8% | $114,500 | $129,000 | -11.2% |
| Willoughby | 33 | 32 | 3.1% | $111,500 | $143,500 | -22.3% |
| Mentor-on-the-Lake | 13 | 12 | 8.3% | $107,500 | $121,000 | -11.2% |
| Grand River | 2 | 1 | 100% | $101,700 | $25,000 | 306.8% |
| Wickliffe | 29 | 23 | 26.1% | $98,500 | $80,000 | 23.1% |
| Willowick | 26 | 20 | 30% | $97,500 | $117,000 | -16.7% |
| Eastlake | 37 | 18 | 105.6% | $88,000 | $108,000 | -18.5% |
| Fairport Harbor | 6 | 4 | 50% | $63,450 | $108,250 | -41.4% |
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