In January 2017, there were five homes sold, with a median sale price of $92,000 - a 9.1% increase over the $84,300 median sale price for the same period of the previous year. There were 12 homes sold in Mentor-on-the-Lake in January 2016.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 4.9% of the median home sale price for January 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in January 2017:
| City | Jan. 2017 Home Sales | Jan. 2016 Home Sales | % change (Total Home Sales) | Jan. 2017 Median Sales Price | Jan. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Madison | 11 | 11 | 0% | $144,000 | $132,000 | 9.1% |
| Willoughby | 18 | 28 | -35.7% | $122,500 | $92,000 | 33.2% |
| Painesville | 48 | 53 | -9.4% | $113,750 | $112,500 | 1.1% |
| Mentor | 43 | 49 | -12.2% | $109,900 | $105,000 | 4.7% |
| Willowick | 18 | 19 | -5.3% | $104,750 | $99,500 | 5.3% |
| North Madison | 9 | 17 | -47.1% | $104,500 | $77,000 | 35.7% |
| Wickliffe | 20 | 13 | 53.8% | $95,000 | $65,500 | 45% |
| Mentor-on-the-Lake | 5 | 12 | -58.3% | $92,000 | $84,300 | 9.1% |
| Shoreland | 3 | 1 | 200% | $84,300 | $82,000 | 2.8% |
| Fairport Harbor | 9 | 1 | 800% | $76,000 | $35,000 | 117.1% |
| Eastlake | 22 | 17 | 29.4% | $63,750 | $98,000 | -34.9% |
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