In October 2018, there were seven homes sold, with a median sale price of $159,900 - a 122.1% increase over the $72,000 median sale price for the same period of the previous year. There were nine homes sold in Mentor-on-the-Lake in October 2017.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 2.8% of the median home sale price for October 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in October 2018:
| City | Oct. 2018 Home Sales | Oct. 2017 Home Sales | % change (Total Home Sales) | Oct. 2018 Median Sales Price | Oct. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Waite Hill | 1 | 1 | 0% | $387,300 | $775,000 | -50% |
| North Perry | 3 | 8 | -62.5% | $265,000 | $174,500 | 51.9% |
| Willoughby Hills | 14 | 13 | 7.7% | $217,500 | $220,000 | -1.1% |
| Kirtland | 13 | 8 | 62.5% | $215,000 | $243,500 | -11.7% |
| Mentor-on-the-Lake | 7 | 9 | -22.2% | $159,900 | $72,000 | 122.1% |
| Perry | 3 | 3 | 0% | $153,700 | $66,000 | 132.9% |
| Mentor | 89 | 78 | 14.1% | $144,000 | $150,000 | -4% |
| Painesville | 70 | 71 | -1.4% | $130,000 | $135,000 | -3.7% |
| Madison | 12 | 22 | -45.5% | $123,950 | $115,000 | 7.8% |
| Timberlake | 4 | 0 | - | $123,500 | $0 | - |
| Willoughby | 28 | 38 | -26.3% | $117,300 | $126,250 | -7.1% |
Alerts Sign-up