In May 2019, there were 10 homes sold, with a median sale price of $131,500 - a 7.7% decrease over the $142,500 median sale price for the same period of the previous year. There were 10 homes sold in Mentor-on-the-Lake in May 2018, as well.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.4% of the median home sale price for May 2019.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in May 2019:
| City | May 2019 Home Sales | May 2018 Home Sales | % change (Total Home Sales) | May 2019 Median Sales Price | May 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Madison | 17 | 13 | 30.8% | $147,650 | $120,000 | 23% |
| Painesville | 75 | 53 | 41.5% | $146,500 | $115,000 | 27.4% |
| Willoughby | 36 | 37 | -2.7% | $136,750 | $126,500 | 8.1% |
| Shoreland | 1 | 0 | - | $135,900 | $0 | - |
| North Perry | 5 | 5 | 0% | $135,000 | $154,900 | -12.8% |
| Mentor-on-the-Lake | 10 | 10 | 0% | $131,500 | $142,500 | -7.7% |
| Fairport Harbor | 7 | 3 | 133.3% | $122,000 | $119,000 | 2.5% |
| Willowick | 28 | 23 | 21.7% | $113,000 | $114,000 | -0.9% |
| Eastlake | 33 | 26 | 26.9% | $112,000 | $105,450 | 6.2% |
| North Madison | 15 | 18 | -16.7% | $110,000 | $113,750 | -3.3% |
| Wickliffe | 30 | 24 | 25% | $109,500 | $107,250 | 2.1% |
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