From January through March of 2017, there were 27 homes sold, with a median sale price of $116,000 - a 12.6% increase over the $103,000 median sale price for the same period of the previous year. There were 29 homes sold in Mentor-on-the-Lake in the first 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 3.9% of the median home sale price for the first quarter of 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Madison | 29 | 27 | 7.4% | $180,500 | $136,000 | 32.7% |
| Timberlake | 2 | 2 | 0% | $177,500 | $116,500 | 52.4% |
| Perry | 11 | 6 | 83.3% | $170,000 | $109,900 | 54.7% |
| North Perry | 16 | 11 | 45.5% | $135,750 | $158,000 | -14.1% |
| Mentor | 172 | 171 | 0.6% | $127,550 | $114,000 | 11.9% |
| Mentor-on-the-Lake | 27 | 29 | -6.9% | $116,000 | $103,000 | 12.6% |
| Painesville | 183 | 160 | 14.4% | $110,000 | $112,600 | -2.3% |
| Grand River | 2 | 2 | 0% | $104,650 | $83,250 | 25.7% |
| Willoughby | 72 | 74 | -2.7% | $101,250 | $116,800 | -13.3% |
| Willowick | 58 | 58 | 0% | $99,750 | $100,250 | -0.5% |
| Wickliffe | 56 | 39 | 43.6% | $95,000 | $81,500 | 16.6% |
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