In April 2017, there were 13 homes sold, with a median sale price of $123,600 - a 30.1% increase over the $95,000 median sale price for the same period of the previous year. There were 11 homes sold in Mentor-on-the-Lake in April 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 April 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in April 2017:
| City | Apr. 2017 Home Sales | Apr. 2016 Home Sales | % change (Total Home Sales) | Apr. 2017 Median Sales Price | Apr. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Perry | 11 | 2 | 450% | $177,000 | $137,450 | 28.8% |
| Mentor | 69 | 89 | -22.5% | $168,000 | $131,000 | 28.2% |
| Painesville | 67 | 78 | -14.1% | $153,000 | $148,000 | 3.4% |
| Madison | 11 | 16 | -31.3% | $136,100 | $154,700 | -12% |
| Willoughby | 26 | 29 | -10.3% | $136,000 | $114,900 | 18.4% |
| Mentor-on-the-Lake | 13 | 11 | 18.2% | $123,600 | $95,000 | 30.1% |
| Fairport Harbor | 7 | 5 | 40% | $122,700 | $90,000 | 36.3% |
| Willowick | 40 | 9 | 344.4% | $107,000 | $99,400 | 7.6% |
| Wickliffe | 26 | 22 | 18.2% | $99,750 | $69,500 | 43.5% |
| Eastlake | 32 | 24 | 33.3% | $96,900 | $134,200 | -27.8% |
| North Madison | 14 | 19 | -26.3% | $95,250 | $96,500 | -1.3% |
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