In July 2019, there were five homes sold, with a median sale price of $138,000 - a 0.8% increase over the $136,900 median sale price for the same period of the previous year. There were 13 homes sold in Mentor-on-the-Lake in July 2018.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.2% of the median home sale price for July 2019.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in July 2019:
| City | July 2019 Home Sales | July 2018 Home Sales | % change (Total Home Sales) | July 2019 Median Sales Price | July 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lane | 3 | 0 | - | $175,000 | $0 | - |
| Mentor | 91 | 96 | -5.2% | $166,000 | $155,000 | 7.1% |
| Madison | 13 | 8 | 62.5% | $165,000 | $138,000 | 19.6% |
| Painesville | 76 | 77 | -1.3% | $155,500 | $145,000 | 7.2% |
| Willoughby | 38 | 38 | 0% | $152,250 | $132,500 | 14.9% |
| Mentor-on-the-Lake | 5 | 13 | -61.5% | $138,000 | $136,900 | 0.8% |
| Willowick | 27 | 24 | 12.5% | $130,000 | $123,000 | 5.7% |
| Avenues Mobile Estates | 1 | 3 | -66.7% | $128,000 | $54,400 | 135.3% |
| Eastlake | 25 | 30 | -16.7% | $127,900 | $85,750 | 49.2% |
| Wickliffe | 17 | 32 | -46.9% | $120,000 | $123,000 | -2.4% |
| North Madison | 11 | 16 | -31.3% | $107,800 | $114,000 | -5.4% |
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