In December 2019, there were 10 homes sold, with a median sale price of $159,700 - a 16.1% increase over the $137,500 median sale price for the same period of the previous year. There were 11 homes sold in Mentor-on-the-Lake in December 2018.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 2.8% of the median home sale price for December 2019.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in December 2019:
| City | Dec. 2019 Home Sales | Dec. 2018 Home Sales | % change (Total Home Sales) | Dec. 2019 Median Sales Price | Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Willoughby Hills | 1 | 6 | -83.3% | $285,000 | $175,150 | 62.7% |
| Mentor-on-the-Lake | 10 | 11 | -9.1% | $159,700 | $137,500 | 16.1% |
| Mentor | 59 | 64 | -7.8% | $154,900 | $148,250 | 4.5% |
| Madison | 13 | 4 | 225% | $149,221 | $206,000 | -27.6% |
| Timberlake | 1 | 2 | -50% | $146,000 | $181,500 | -19.6% |
| Willoughby | 22 | 28 | -21.4% | $140,797 | $151,000 | -6.8% |
| Painesville | 68 | 55 | 23.6% | $129,500 | $153,000 | -15.4% |
| Willowick | 24 | 11 | 118.2% | $127,000 | $118,000 | 7.6% |
| North Perry | 3 | 7 | -57.1% | $125,000 | $200,000 | -37.5% |
| Fairport Harbor | 7 | 5 | 40% | $119,000 | $86,500 | 37.6% |
| Eastlake | 23 | 21 | 9.5% | $110,100 | $105,000 | 4.9% |
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