From July through September of 2017, there were 44 homes sold, with a median sale price of $118,000 - a 4% increase over the $113,500 median sale price for the same period of the previous year. There were 41 homes sold in Mentor-on-the-Lake in the third 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 3.8% of the median home sale price for the third quarter of 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the third quarter of 2017:
| City | July - Sept. 2017 Home Sales | July - Sept. 2016 Home Sales | % change (Total Home Sales) | July - Sept. 2017 Median Sales Price | July - Sept. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 257 | 296 | -13.2% | $155,000 | $150,500 | 3% |
| Perry | 16 | 2 | 700% | $136,500 | $139,750 | -2.3% |
| Willoughby | 127 | 99 | 28.3% | $135,900 | $139,000 | -2.2% |
| Painesville | 245 | 245 | 0% | $135,000 | $145,300 | -7.1% |
| Timberlake | 5 | 7 | -28.6% | $130,000 | $114,900 | 13.1% |
| Mentor-on-the-Lake | 44 | 41 | 7.3% | $118,000 | $113,500 | 4% |
| North Madison | 50 | 53 | -5.7% | $112,000 | $109,200 | 2.6% |
| Shoreland | 2 | 2 | 0% | $110,750 | $58,750 | 88.5% |
| Willowick | 95 | 70 | 35.7% | $110,000 | $104,700 | 5.1% |
| Wickliffe | 74 | 65 | 13.8% | $100,000 | $100,000 | 0% |
| Eastlake | 94 | 70 | 34.3% | $99,950 | $109,500 | -8.7% |
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