In February 2020, there were five homes sold, with a median sale price of $148,750 - a 30.5% increase over the $114,000 median sale price for the same period of the previous year. There were five homes sold in Mentor-on-the-Lake in February 2019, as well.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3% of the median home sale price for February 2020.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in February 2020:
| City | Feb. 2020 Home Sales | Feb. 2019 Home Sales | % change (Total Home Sales) | Feb. 2020 Median Sales Price | Feb. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Willoughby Hills | 6 | 4 | 50% | $192,500 | $208,500 | -7.7% |
| Timberlake | 1 | 0 | - | $180,000 | $0 | - |
| Mentor | 35 | 49 | -28.6% | $169,000 | $139,900 | 20.8% |
| Madison | 4 | 8 | -50% | $162,750 | $184,950 | -12% |
| North Madison | 2 | 9 | -77.8% | $158,450 | $109,440 | 44.8% |
| Mentor-on-the-Lake | 5 | 5 | 0% | $148,750 | $114,000 | 30.5% |
| Eastlake | 16 | 12 | 33.3% | $134,950 | $69,800 | 93.3% |
| Willoughby | 22 | 22 | 0% | $127,000 | $139,950 | -9.3% |
| Willowick | 16 | 12 | 33.3% | $125,500 | $108,500 | 15.7% |
| Painesville | 46 | 45 | 2.2% | $115,500 | $135,000 | -14.4% |
| Wickliffe | 15 | 19 | -21.1% | $92,000 | $120,900 | -23.9% |
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