In April 2018, there were eight homes sold, with a median sale price of $140,250 - a 13.5% increase over the $123,600 median sale price for the same period of the previous year. There were 13 homes sold in Mentor-on-the-Lake in April 2017.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.2% of the median home sale price for April 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in April 2018:
| City | Apr. 2018 Home Sales | Apr. 2017 Home Sales | % change (Total Home Sales) | Apr. 2018 Median Sales Price | Apr. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grand River | 2 | 1 | 100% | $151,000 | $90,000 | 67.8% |
| Lane | 1 | 0 | - | $150,000 | $0 | - |
| Madison | 17 | 11 | 54.5% | $150,000 | $136,100 | 10.2% |
| Timberlake | 2 | 0 | - | $148,500 | $0 | - |
| Painesville | 46 | 67 | -31.3% | $142,450 | $153,000 | -6.9% |
| Mentor-on-the-Lake | 8 | 13 | -38.5% | $140,250 | $123,600 | 13.5% |
| North Madison | 10 | 14 | -28.6% | $133,000 | $95,250 | 39.6% |
| Perry | 3 | 2 | 50% | $124,000 | $52,000 | 138.5% |
| Willowick | 16 | 40 | -60% | $122,500 | $107,000 | 14.5% |
| Willoughby | 31 | 26 | 19.2% | $122,000 | $136,000 | -10.3% |
| Wickliffe | 26 | 26 | 0% | $109,750 | $99,750 | 10% |
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