In June 2017, there were 17 homes sold, with a median sale price of $125,000 - a 9.8% decrease over the $138,600 median sale price for the same period of the previous year. There were nine homes sold in Mentor-on-the-Lake in June 2016.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.6% of the median home sale price for June 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in June 2017:
| City | June 2017 Home Sales | June 2016 Home Sales | % change (Total Home Sales) | June 2017 Median Sales Price | June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Painesville | 94 | 94 | 0% | $136,000 | $154,350 | -11.9% |
| Perry | 8 | 4 | 100% | $133,950 | $209,250 | -36% |
| Avenues Mobile Estates | 2 | 0 | - | $131,950 | $0 | - |
| Willoughby | 39 | 32 | 21.9% | $130,000 | $143,350 | -9.3% |
| Madison | 16 | 11 | 45.5% | $128,500 | $128,000 | 0.4% |
| Mentor-on-the-Lake | 17 | 9 | 88.9% | $125,000 | $138,600 | -9.8% |
| Fairport Harbor | 8 | 7 | 14.3% | $115,500 | $102,000 | 13.2% |
| Willowick | 32 | 31 | 3.2% | $114,000 | $95,000 | 20% |
| Eastlake | 31 | 21 | 47.6% | $104,500 | $144,900 | -27.9% |
| Wickliffe | 26 | 24 | 8.3% | $99,450 | $106,900 | -7% |
| North Madison | 18 | 23 | -21.7% | $67,750 | $118,500 | -42.8% |
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