In April 2019, there were 10 homes sold, with a median sale price of $128,000 - a 8.7% decrease over the $140,250 median sale price for the same period of the previous year. There were eight homes sold in Mentor-on-the-Lake in April 2018.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.5% of the median home sale price for April 2019.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in April 2019:
| City | Apr. 2019 Home Sales | Apr. 2018 Home Sales | % change (Total Home Sales) | Apr. 2019 Median Sales Price | Apr. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Perry | 4 | 3 | 33.3% | $167,000 | $192,000 | -13% |
| Willoughby | 27 | 31 | -12.9% | $150,000 | $122,000 | 23% |
| Madison | 8 | 17 | -52.9% | $148,500 | $150,000 | -1% |
| Painesville | 73 | 46 | 58.7% | $135,000 | $142,450 | -5.2% |
| Lane | 1 | 1 | 0% | $132,000 | $150,000 | -12% |
| Mentor-on-the-Lake | 10 | 8 | 25% | $128,000 | $140,250 | -8.7% |
| Willowick | 30 | 16 | 87.5% | $121,000 | $122,500 | -1.2% |
| North Madison | 16 | 10 | 60% | $117,000 | $133,000 | -12% |
| Painesville on-the-Lake | 1 | 0 | - | $115,000 | $0 | - |
| Eastlake | 31 | 20 | 55% | $114,900 | $108,450 | 5.9% |
| Wickliffe | 25 | 26 | -3.8% | $107,250 | $109,750 | -2.3% |
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