From January through June of 2017, there were 70 homes sold, with a median sale price of $124,500 - a 5.1% increase over the $118,450 median sale price for the same period of the previous year. There were 58 homes sold in Mentor-on-the-Lake in the first 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 3.6% of the median home sale price for the first half of 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the first half of 2017:
| City | Jan. - June 2017 Home Sales | Jan. - June 2016 Home Sales | % change (Total Home Sales) | Jan. - June 2017 Median Sales Price | Jan. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 469 | 472 | -0.6% | $147,000 | $137,000 | 7.3% |
| Painesville | 426 | 402 | 6% | $129,950 | $131,000 | -0.8% |
| Willoughby | 180 | 170 | 5.9% | $126,750 | $124,450 | 1.8% |
| Grand River | 5 | 4 | 25% | $125,000 | $108,950 | 14.7% |
| Timberlake | 7 | 4 | 75% | $124,900 | $104,300 | 19.8% |
| Mentor-on-the-Lake | 70 | 58 | 20.7% | $124,500 | $118,450 | 5.1% |
| Perry | 23 | 19 | 21.1% | $119,900 | $155,000 | -22.6% |
| Painesville on-the-Lake | 2 | 4 | -50% | $114,000 | $69,250 | 64.6% |
| Willowick | 163 | 139 | 17.3% | $107,000 | $99,900 | 7.1% |
| Eastlake | 147 | 127 | 15.7% | $94,900 | $110,000 | -13.7% |
| North Madison | 87 | 98 | -11.2% | $93,500 | $86,500 | 8.1% |
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