In January 2019, there were three homes sold, with a median sale price of $88,920 - a 21.7% decrease over the $113,600 median sale price for the same period of the previous year. There were 10 homes sold in Mentor-on-the-Lake in January 2018.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 5% of the median home sale price for January 2019.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in January 2019:
| City | Jan. 2019 Home Sales | Jan. 2018 Home Sales | % change (Total Home Sales) | Jan. 2019 Median Sales Price | Jan. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Madison | 5 | 9 | -44.4% | $154,000 | $160,000 | -3.8% |
| Willoughby | 18 | 22 | -18.2% | $152,000 | $153,000 | -0.7% |
| North Madison | 6 | 10 | -40% | $151,500 | $89,150 | 69.9% |
| Painesville | 53 | 39 | 35.9% | $118,000 | $91,900 | 28.4% |
| Willowick | 20 | 20 | 0% | $112,750 | $110,750 | 1.8% |
| Eastlake | 23 | 19 | 21.1% | $102,000 | $107,000 | -4.7% |
| Mentor-on-the-Lake | 3 | 10 | -70% | $88,920 | $113,600 | -21.7% |
| Wickliffe | 15 | 17 | -11.8% | $85,000 | $96,500 | -11.9% |
| Timberlake | 2 | 1 | 100% | $59,000 | $84,000 | -29.8% |
| Perry | 1 | 3 | -66.7% | $54,000 | $125,000 | -56.8% |
| Fairport Harbor | 4 | 6 | -33.3% | $44,000 | $114,250 | -61.5% |
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