From July through December of 2017, there were 68 homes sold, with a median sale price of $117,500 - a 3.5% increase over the $113,500 median sale price for the same period of the previous year. There were 69 homes sold in Mentor-on-the-Lake in the second half 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 second half of 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the second half of 2017:
| City | July - Dec. 2017 Home Sales | July - Dec. 2016 Home Sales | % change (Total Home Sales) | July - Dec. 2017 Median Sales Price | July - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lane | 2 | 1 | 100% | $144,500 | $177,500 | -18.6% |
| Willoughby | 226 | 194 | 16.5% | $135,450 | $132,000 | 2.6% |
| Painesville | 453 | 413 | 9.7% | $135,000 | $138,000 | -2.2% |
| Perry | 23 | 14 | 64.3% | $135,000 | $156,450 | -13.7% |
| Timberlake | 8 | 12 | -33.3% | $127,700 | $148,750 | -14.2% |
| Mentor-on-the-Lake | 68 | 69 | -1.4% | $117,500 | $113,500 | 3.5% |
| Willowick | 176 | 150 | 17.3% | $109,450 | $98,250 | 11.4% |
| North Madison | 89 | 92 | -3.3% | $108,000 | $108,550 | -0.5% |
| Wickliffe | 149 | 132 | 12.9% | $103,000 | $101,500 | 1.5% |
| Eastlake | 182 | 134 | 35.8% | $95,000 | $100,250 | -5.2% |
| Fairport Harbor | 36 | 33 | 9.1% | $93,750 | $101,600 | -7.7% |
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