In February 2017, there were 10 homes sold, with a median sale price of $124,750 - a 6.6% increase over the $117,000 median sale price for the same period of the previous year. There were 11 homes sold in Mentor-on-the-Lake in February 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 February 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in February 2017:
| City | Feb. 2017 Home Sales | Feb. 2016 Home Sales | % change (Total Home Sales) | Feb. 2017 Median Sales Price | Feb. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Timberlake | 1 | 1 | 0% | $205,000 | $40,000 | 412.5% |
| Madison | 8 | 5 | 60% | $189,750 | $137,000 | 38.5% |
| Willoughby Hills | 11 | 9 | 22.2% | $185,000 | $192,000 | -3.6% |
| Kirtland | 2 | 5 | -60% | $170,000 | $156,900 | 8.3% |
| Mentor | 53 | 59 | -10.2% | $129,000 | $109,000 | 18.3% |
| Mentor-on-the-Lake | 10 | 11 | -9.1% | $124,750 | $117,000 | 6.6% |
| Perry | 5 | 1 | 400% | $120,000 | $113,800 | 5.4% |
| Painesville | 53 | 42 | 26.2% | $112,000 | $114,350 | -2.1% |
| Wickliffe | 19 | 14 | 35.7% | $99,000 | $95,000 | 4.2% |
| North Perry | 5 | 5 | 0% | $98,000 | $147,000 | -33.3% |
| Willoughby | 24 | 21 | 14.3% | $95,500 | $142,000 | -32.7% |
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