In August 2019, there were 13 homes sold, with a median sale price of $134,900 - a 3.8% increase over the $130,000 median sale price for the same period of the previous year. There were nine homes sold in Mentor-on-the-Lake in August 2018.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.3% of the median home sale price for August 2019.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in August 2019:
| City | Aug. 2019 Home Sales | Aug. 2018 Home Sales | % change (Total Home Sales) | Aug. 2019 Median Sales Price | Aug. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 98 | 96 | 2.1% | $188,450 | $160,000 | 17.8% |
| Painesville | 64 | 92 | -30.4% | $174,450 | $128,500 | 35.8% |
| Madison | 20 | 19 | 5.3% | $166,500 | $132,500 | 25.7% |
| Willoughby | 27 | 42 | -35.7% | $165,000 | $167,000 | -1.2% |
| Willoughby Hills | 11 | 13 | -15.4% | $153,500 | $145,000 | 5.9% |
| Mentor-on-the-Lake | 13 | 9 | 44.4% | $134,900 | $130,000 | 3.8% |
| North Perry | 4 | 12 | -66.7% | $127,250 | $199,500 | -36.2% |
| North Madison | 13 | 26 | -50% | $125,000 | $118,000 | 5.9% |
| Eastlake | 31 | 27 | 14.8% | $124,500 | $95,000 | 31.1% |
| Wickliffe | 30 | 26 | 15.4% | $123,750 | $91,450 | 35.3% |
| Willowick | 35 | 23 | 52.2% | $120,000 | $130,900 | -8.3% |
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