In November 2018, there were nine homes sold, with a median sale price of $143,000 - a 21.7% increase over the $117,500 median sale price for the same period of the previous year. There were seven homes sold in Mentor-on-the-Lake in November 2017.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.1% of the median home sale price for November 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in November 2018:
| City | Nov. 2018 Home Sales | Nov. 2017 Home Sales | % change (Total Home Sales) | Nov. 2018 Median Sales Price | Nov. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kirtland | 2 | 5 | -60% | $329,000 | $261,500 | 25.8% |
| Willoughby Hills | 11 | 4 | 175% | $195,000 | $194,000 | 0.5% |
| North Perry | 5 | 7 | -28.6% | $187,000 | $179,000 | 4.5% |
| Perry | 1 | 2 | -50% | $160,000 | $127,500 | 25.5% |
| Madison | 10 | 13 | -23.1% | $143,750 | $143,000 | 0.5% |
| Mentor-on-the-Lake | 9 | 7 | 28.6% | $143,000 | $117,500 | 21.7% |
| Mentor | 76 | 92 | -17.4% | $140,500 | $151,000 | -7% |
| Painesville | 79 | 74 | 6.8% | $137,700 | $138,750 | -0.8% |
| Shoreland | 2 | 1 | 100% | $125,750 | $31,600 | 297.9% |
| North Madison | 16 | 13 | 23.1% | $122,450 | $114,000 | 7.4% |
| Willowick | 25 | 18 | 38.9% | $120,000 | $105,000 | 14.3% |
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