From April through June of 2017, there were 43 homes sold, with a median sale price of $128,500 - a 1.2% decrease over the $130,000 median sale price for the same period of the previous year. There were 29 homes sold in Mentor-on-the-Lake in the second 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 3.5% of the median home sale price for the second quarter of 2017.
The following table compares Mentor-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) |
|---|---|---|---|---|---|---|
| Mentor | 297 | 301 | -1.3% | $162,000 | $146,000 | 11% |
| Painesville | 243 | 242 | 0.4% | $144,000 | $139,950 | 2.9% |
| Madison | 31 | 47 | -34% | $135,000 | $133,500 | 1.1% |
| 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% |
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