In September 2018, there were 12 homes sold, with a median sale price of $128,250 - a 19.3% increase over the $107,500 median sale price for the same period of the previous year. There were 13 homes sold in Mentor-on-the-Lake in September 2017.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.5% of the median home sale price for September 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in September 2018:
| City | Sept. 2018 Home Sales | Sept. 2017 Home Sales | % change (Total Home Sales) | Sept. 2018 Median Sales Price | Sept. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kirtland | 9 | 12 | -25% | $180,000 | $223,750 | -19.6% |
| Timberlake | 2 | 2 | 0% | $171,300 | $127,500 | 34.4% |
| Madison | 11 | 18 | -38.9% | $165,000 | $122,500 | 34.7% |
| Painesville | 61 | 67 | -9% | $155,000 | $125,000 | 24% |
| Mentor | 82 | 93 | -11.8% | $154,950 | $154,000 | 0.6% |
| Mentor-on-the-Lake | 12 | 13 | -7.7% | $128,250 | $107,500 | 19.3% |
| Willoughby | 27 | 33 | -18.2% | $125,500 | $111,500 | 12.6% |
| North Madison | 20 | 16 | 25% | $125,250 | $114,500 | 9.4% |
| Perry | 2 | 7 | -71.4% | $121,150 | $197,000 | -38.5% |
| Kirtland Hills | 1 | 2 | -50% | $118,000 | $580,000 | -79.7% |
| Fairport Harbor | 6 | 6 | 0% | $101,000 | $63,450 | 59.2% |
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