In March 2017, there were 12 homes sold, with a median sale price of $141,950 - a 20.3% increase over the $118,000 median sale price for the same period of the previous year. There were six homes sold in Mentor-on-the-Lake in March 2016.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.1% of the median home sale price for March 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in March 2017:
| City | Mar. 2017 Home Sales | Mar. 2016 Home Sales | % change (Total Home Sales) | Mar. 2017 Median Sales Price | Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kirtland | 4 | 8 | -50% | $332,250 | $242,500 | 37% |
| Perry | 3 | 3 | 0% | $252,000 | $26,000 | 869.2% |
| Madison | 10 | 11 | -9.1% | $182,500 | $136,000 | 34.2% |
| Willoughby Hills | 5 | 4 | 25% | $153,000 | $235,000 | -34.9% |
| Mentor-on-the-Lake | 12 | 6 | 100% | $141,950 | $118,000 | 20.3% |
| North Perry | 8 | 5 | 60% | $140,000 | $158,000 | -11.4% |
| Mentor | 76 | 63 | 20.6% | $129,750 | $129,900 | -0.1% |
| Willoughby | 30 | 25 | 20% | $129,450 | $127,000 | 1.9% |
| Painesville | 82 | 65 | 26.2% | $107,500 | $112,000 | -4% |
| Grand River | 2 | 2 | 0% | $104,650 | $83,250 | 25.7% |
| Eastlake | 22 | 26 | -15.4% | $102,850 | $94,950 | 8.3% |
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