In July 2017, there were 10 homes sold, with a median sale price of $128,450 - a 18.1% increase over the $108,800 median sale price for the same period of the previous year. There were 15 homes sold in Mentor-on-the-Lake in July 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 July 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in July 2017:
| City | July 2017 Home Sales | July 2016 Home Sales | % change (Total Home Sales) | July 2017 Median Sales Price | July 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 82 | 103 | -20.4% | $167,000 | $155,000 | 7.7% |
| Willoughby | 41 | 30 | 36.7% | $148,500 | $148,500 | 0% |
| Timberlake | 2 | 3 | -33.3% | $138,500 | $114,900 | 20.5% |
| Perry | 2 | 1 | 100% | $132,150 | $17,500 | 655.1% |
| Painesville | 81 | 85 | -4.7% | $130,000 | $149,900 | -13.3% |
| Mentor-on-the-Lake | 10 | 15 | -33.3% | $128,450 | $108,800 | 18.1% |
| Eastlake | 24 | 28 | -14.3% | $120,000 | $103,450 | 16% |
| Willowick | 32 | 24 | 33.3% | $115,450 | $99,500 | 16% |
| Wickliffe | 21 | 21 | 0% | $112,500 | $99,500 | 13.1% |
| Avenues Mobile Estates | 1 | 0 | - | $104,000 | $0 | - |
| North Madison | 17 | 13 | 30.8% | $102,500 | $109,200 | -6.1% |
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