In October 2019, there were 12 homes sold, with a median sale price of $102,500 - a 35.9% decrease over the $159,900 median sale price for the same period of the previous year. There were seven homes sold in Mentor-on-the-Lake in October 2018.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 4.4% of the median home sale price for October 2019.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in October 2019:
| City | Oct. 2019 Home Sales | Oct. 2018 Home Sales | % change (Total Home Sales) | Oct. 2019 Median Sales Price | Oct. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 78 | 89 | -12.4% | $147,500 | $144,000 | 2.4% |
| North Perry | 9 | 3 | 200% | $138,900 | $265,000 | -47.6% |
| Painesville | 72 | 70 | 2.9% | $138,250 | $130,000 | 6.3% |
| Fairport Harbor | 8 | 5 | 60% | $133,500 | $105,000 | 27.1% |
| Willowick | 17 | 30 | -43.3% | $131,000 | $117,300 | 11.7% |
| North Madison | 10 | 18 | -44.4% | $119,950 | $92,700 | 29.4% |
| Wickliffe | 28 | 17 | 64.7% | $114,075 | $92,000 | 24% |
| Mentor-on-the-Lake | 12 | 7 | 71.4% | $102,500 | $159,900 | -35.9% |
| Shoreland | 4 | 2 | 100% | $76,250 | $48,150 | 58.4% |
| Eastlake | 36 | 28 | 28.6% | $75,000 | $106,000 | -29.2% |
| Painesville on-the-Lake | 1 | 1 | 0% | $36,000 | $84,900 | -57.6% |
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