In February 2019, there were five homes sold, with a median sale price of $114,000 - a 10.4% decrease over the $127,250 median sale price for the same period of the previous year. There were four homes sold in Mentor-on-the-Lake in February 2018.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.9% of the median home sale price for February 2019.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in February 2019:
| City | Feb. 2019 Home Sales | Feb. 2018 Home Sales | % change (Total Home Sales) | Feb. 2019 Median Sales Price | Feb. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Willoughby | 22 | 16 | 37.5% | $139,950 | $147,950 | -5.4% |
| Mentor | 49 | 43 | 14% | $139,900 | $156,500 | -10.6% |
| Painesville | 45 | 34 | 32.4% | $135,000 | $98,650 | 36.8% |
| Kirtland | 3 | 1 | 200% | $125,000 | $40,000 | 212.5% |
| Wickliffe | 19 | 20 | -5% | $120,900 | $70,100 | 72.5% |
| Mentor-on-the-Lake | 5 | 4 | 25% | $114,000 | $127,250 | -10.4% |
| North Madison | 9 | 9 | 0% | $109,440 | $92,500 | 18.3% |
| Willowick | 12 | 21 | -42.9% | $108,500 | $122,500 | -11.4% |
| Fairport Harbor | 6 | 2 | 200% | $96,250 | $79,500 | 21.1% |
| Lane | 1 | 0 | - | $88,000 | $0 | - |
| Eastlake | 12 | 11 | 9.1% | $69,800 | $89,500 | -22% |
Alerts Sign-up