In August 2017, there were 21 homes sold, with a median sale price of $118,000 - a 8.8% increase over the $108,500 median sale price for the same period of the previous year. There were 14 homes sold in Mentor-on-the-Lake in August 2016.
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 August 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in August 2017:
| City | Aug. 2017 Home Sales | Aug. 2016 Home Sales | % change (Total Home Sales) | Aug. 2017 Median Sales Price | Aug. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Willoughby Hills | 10 | 13 | -23.1% | $139,000 | $245,000 | -43.3% |
| Willoughby | 53 | 37 | 43.2% | $137,500 | $126,500 | 8.7% |
| Perry | 7 | 1 | 600% | $127,000 | $262,000 | -51.5% |
| North Perry | 9 | 7 | 28.6% | $125,000 | $148,000 | -15.5% |
| Timberlake | 1 | 2 | -50% | $124,900 | $121,000 | 3.2% |
| Mentor-on-the-Lake | 21 | 14 | 50% | $118,000 | $108,500 | 8.8% |
| North Madison | 17 | 19 | -10.5% | $118,000 | $100,000 | 18% |
| Shoreland | 2 | 2 | 0% | $110,750 | $58,750 | 88.5% |
| Eastlake | 33 | 24 | 37.5% | $100,000 | $118,500 | -15.6% |
| Willowick | 37 | 26 | 42.3% | $99,900 | $104,500 | -4.4% |
| Wickliffe | 24 | 21 | 14.3% | $97,500 | $114,000 | -14.5% |
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