In March 2019, there were 12 homes sold, with a median sale price of $122,509 - a 1.7% increase over the $120,500 median sale price for the same period of the previous year. There were 10 homes sold in Mentor-on-the-Lake in March 2018.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.6% of the median home sale price for March 2019.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in March 2019:
| City | Mar. 2019 Home Sales | Mar. 2018 Home Sales | % change (Total Home Sales) | Mar. 2019 Median Sales Price | Mar. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 64 | 66 | -3% | $158,000 | $160,500 | -1.6% |
| Willoughby | 32 | 22 | 45.5% | $138,000 | $155,200 | -11.1% |
| North Madison | 12 | 17 | -29.4% | $137,400 | $114,200 | 20.3% |
| Eastlake | 21 | 18 | 16.7% | $127,000 | $91,750 | 38.4% |
| Painesville | 58 | 45 | 28.9% | $123,250 | $141,000 | -12.6% |
| Willowick | 16 | 29 | -44.8% | $123,250 | $107,000 | 15.2% |
| Mentor-on-the-Lake | 12 | 10 | 20% | $122,508.50 | $120,500 | 1.7% |
| Wickliffe | 27 | 27 | 0% | $110,000 | $86,900 | 26.6% |
| Fairport Harbor | 8 | 6 | 33.3% | $98,569.50 | $116,250 | -15.2% |
| Avenues Mobile Estates | 3 | 3 | 0% | $46,000 | $62,000 | -25.8% |
| Shoreland | 1 | 0 | - | $28,500 | $0 | - |
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