From April through June of 2017, there were two homes sold, with a median sale price of $114,000 - a 64.6% increase over the $69,250 median sale price for the same period of the previous year. There were four homes sold in Painesville on-the-Lake in the second quarter of 2016.
The median sales tax in Painesville on-the-Lake for the most recent year with available data, 2015, was $2,156, approximately 1.9% of the median home sale price for the second quarter of 2017.
The following table compares Painesville on-the-Lake to other Lake County cities with similar median sales prices in the second quarter of 2017:
| City | Apr. - June 2017 Home Sales | Apr. - June 2016 Home Sales | % change (Total Home Sales) | Apr. - June 2017 Median Sales Price | Apr. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grand River | 3 | 2 | 50% | $132,800 | $130,700 | 1.6% |
| Willoughby | 108 | 96 | 12.5% | $130,500 | $129,500 | 0.8% |
| Mentor-on-the-Lake | 43 | 29 | 48.3% | $128,500 | $130,000 | -1.2% |
| Fairport Harbor | 17 | 17 | 0% | $122,700 | $99,000 | 23.9% |
| Perry | 12 | 13 | -7.7% | $117,000 | $180,000 | -35% |
| Painesville on-the-Lake | 2 | 4 | -50% | $114,000 | $69,250 | 64.6% |
| Willowick | 105 | 81 | 29.6% | $110,000 | $99,500 | 10.6% |
| Eastlake | 90 | 65 | 38.5% | $103,350 | $130,000 | -20.5% |
| North Madison | 47 | 59 | -20.3% | $98,700 | $100,000 | -1.3% |
| Timberlake | 5 | 2 | 150% | $96,100 | $104,300 | -7.9% |
| Wickliffe | 85 | 75 | 13.3% | $91,000 | $105,000 | -13.3% |
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