In May 2017, there were 13 homes sold, with a median sale price of $139,000 - a 18.8% increase over the $117,000 median sale price for the same period of the previous year. There were nine homes sold in Mentor-on-the-Lake in May 2016.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.2% of the median home sale price for May 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grand River | 2 | 0 | - | $171,350 | $0 | - |
| North Perry | 8 | 4 | 100% | $166,250 | $172,500 | -3.6% |
| Mentor | 108 | 100 | 8% | $157,450 | $150,650 | 4.5% |
| Willoughby | 43 | 35 | 22.9% | $142,000 | $119,000 | 19.3% |
| Painesville | 82 | 70 | 17.1% | $140,950 | $121,750 | 15.8% |
| Mentor-on-the-Lake | 13 | 9 | 44.4% | $139,000 | $117,000 | 18.8% |
| Madison | 4 | 20 | -80% | $127,700 | $116,250 | 9.8% |
| North Madison | 15 | 17 | -11.8% | $120,000 | $87,000 | 37.9% |
| Fairport Harbor | 2 | 5 | -60% | $114,950 | $88,500 | 29.9% |
| Willowick | 33 | 41 | -19.5% | $112,900 | $110,000 | 2.6% |
| Eastlake | 27 | 20 | 35% | $112,000 | $116,000 | -3.4% |
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