From January through December of 2017, there were 138 homes sold, with a median sale price of $120,000 - a 3% increase over the $116,500 median sale price for the previous year. There were 127 homes sold in Mentor-on-the-Lake in 2016.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.7% of the median home sale price for 2017.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grand River | 12 | 6 | 100% | $137,900 | $108,950 | 26.6% |
| Painesville | 879 | 815 | 7.9% | $133,000 | $133,000 | 0% |
| Willoughby | 406 | 364 | 11.5% | $130,000 | $127,200 | 2.2% |
| Timberlake | 15 | 16 | -6.3% | $125,400 | $136,250 | -8% |
| Perry | 46 | 33 | 39.4% | $123,500 | $155,000 | -20.3% |
| Mentor-on-the-Lake | 138 | 127 | 8.7% | $120,000 | $116,500 | 3% |
| Willowick | 339 | 289 | 17.3% | $108,000 | $99,500 | 8.5% |
| Painesville on-the-Lake | 4 | 5 | -20% | $103,000 | $88,000 | 17% |
| North Madison | 176 | 190 | -7.4% | $99,600 | $96,000 | 3.8% |
| Wickliffe | 290 | 246 | 17.9% | $97,750 | $99,000 | -1.3% |
| Eastlake | 329 | 261 | 26.1% | $95,000 | $104,000 | -8.7% |
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