From October through December of 2017, there were 24 homes sold, with a median sale price of $86,100 - a 24.1% decrease over the $113,450 median sale price for the same period of the previous year. There were 28 homes sold in Mentor-on-the-Lake in the fourth quarter of 2016.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 5.2% of the median home sale price for the fourth quarter of 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the fourth quarter of 2017:
| City | Oct. - Dec. 2017 Home Sales | Oct. - Dec. 2016 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2017 Median Sales Price | Oct. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Timberlake | 3 | 5 | -40% | $125,400 | $184,000 | -31.8% |
| Perry | 7 | 12 | -41.7% | $120,000 | $156,450 | -23.3% |
| Lane | 1 | 1 | 0% | $120,000 | $177,500 | -32.4% |
| Willowick | 81 | 80 | 1.3% | $108,000 | $90,750 | 19% |
| North Madison | 39 | 39 | 0% | $106,900 | $106,600 | 0.3% |
| Wickliffe | 75 | 67 | 11.9% | $106,000 | $104,000 | 1.9% |
| Eastlake | 88 | 64 | 37.5% | $91,000 | $84,950 | 7.1% |
| Mentor-on-the-Lake | 24 | 28 | -14.3% | $86,100 | $113,450 | -24.1% |
| Fairport Harbor | 12 | 16 | -25% | $76,000 | $89,500 | -15.1% |
| Avenues Mobile Estates | 6 | 5 | 20% | $47,525 | $49,900 | -4.8% |
| Shoreland | 1 | 2 | -50% | $31,600 | $44,750 | -29.4% |
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