In August 2018, there were nine homes sold, with a median sale price of $130,000 - a 10.2% increase over the $118,000 median sale price for the same period of the previous year. There were 21 homes sold in Mentor-on-the-Lake in August 2017.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.4% of the median home sale price for August 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in August 2018:
| City | Aug. 2018 Home Sales | Aug. 2017 Home Sales | % change (Total Home Sales) | Aug. 2018 Median Sales Price | Aug. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 96 | 82 | 17.1% | $160,000 | $151,750 | 5.4% |
| Willoughby Hills | 13 | 10 | 30% | $145,000 | $139,000 | 4.3% |
| Timberlake | 2 | 1 | 100% | $142,000 | $124,900 | 13.7% |
| Madison | 19 | 21 | -9.5% | $132,500 | $164,900 | -19.6% |
| Willowick | 23 | 37 | -37.8% | $130,900 | $99,900 | 31% |
| Mentor-on-the-Lake | 9 | 21 | -57.1% | $130,000 | $118,000 | 10.2% |
| Painesville | 92 | 97 | -5.2% | $128,500 | $147,900 | -13.1% |
| Fairport Harbor | 3 | 8 | -62.5% | $128,000 | $96,050 | 33.3% |
| North Madison | 26 | 17 | 52.9% | $118,000 | $118,000 | 0% |
| Perry | 3 | 7 | -57.1% | $110,000 | $127,000 | -13.4% |
| Avenues Mobile Estates | 2 | 0 | - | $96,000 | $0 | - |
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