In May 2018, there were 10 homes sold, with a median sale price of $142,500 - a 2.5% increase over the $139,000 median sale price for the same period of the previous year. There were 13 homes sold in Mentor-on-the-Lake in May 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 May 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in May 2018:
| City | May 2018 Home Sales | May 2017 Home Sales | % change (Total Home Sales) | May 2018 Median Sales Price | May 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Willoughby Hills | 8 | 8 | 0% | $252,000 | $255,000 | -1.2% |
| Kirtland | 3 | 7 | -57.1% | $226,000 | $190,000 | 18.9% |
| Grand River | 1 | 2 | -50% | $178,000 | $171,350 | 3.9% |
| Mentor | 97 | 108 | -10.2% | $166,600 | $157,450 | 5.8% |
| North Perry | 5 | 8 | -37.5% | $154,900 | $166,250 | -6.8% |
| Mentor-on-the-Lake | 10 | 13 | -23.1% | $142,500 | $139,000 | 2.5% |
| Perry | 4 | 2 | 100% | $127,400 | $108,500 | 17.4% |
| Willoughby | 37 | 43 | -14% | $126,500 | $142,000 | -10.9% |
| Madison | 13 | 4 | 225% | $120,000 | $127,700 | -6% |
| Fairport Harbor | 3 | 2 | 50% | $119,000 | $114,950 | 3.5% |
| Painesville | 53 | 82 | -35.4% | $115,000 | $140,950 | -18.4% |
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