In December 2018, there were 11 homes sold, with a median sale price of $137,500 - a 6.6% increase over the $129,000 median sale price for the same period of the previous year. There were eight homes sold in Mentor-on-the-Lake in December 2017.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.2% of the median home sale price for December 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in December 2018:
| City | Dec. 2018 Home Sales | Dec. 2017 Home Sales | % change (Total Home Sales) | Dec. 2018 Median Sales Price | Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Timberlake | 2 | 2 | 0% | $181,500 | $105,450 | 72.1% |
| Willoughby Hills | 6 | 14 | -57.1% | $175,150 | $185,000 | -5.3% |
| Painesville | 55 | 63 | -12.7% | $153,000 | $122,100 | 25.3% |
| Willoughby | 28 | 29 | -3.4% | $151,000 | $134,000 | 12.7% |
| Mentor | 64 | 76 | -15.8% | $148,250 | $153,000 | -3.1% |
| Mentor-on-the-Lake | 11 | 8 | 37.5% | $137,500 | $129,000 | 6.6% |
| Wickliffe | 24 | 25 | -4% | $121,250 | $106,000 | 14.4% |
| Willowick | 11 | 28 | -60.7% | $118,000 | $110,450 | 6.8% |
| Eastlake | 21 | 31 | -32.3% | $105,000 | $90,000 | 16.7% |
| North Madison | 16 | 11 | 45.5% | $92,450 | $82,900 | 11.5% |
| Fairport Harbor | 5 | 5 | 0% | $86,500 | $65,000 | 33.1% |
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