In March 2018, there were 10 homes sold, with a median sale price of $120,500 - a 15.1% decrease over the $141,950 median sale price for the same period of the previous year. There were 12 homes sold in Mentor-on-the-Lake in March 2017.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.7% of the median home sale price for March 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in March 2018:
| City | Mar. 2018 Home Sales | Mar. 2017 Home Sales | % change (Total Home Sales) | Mar. 2018 Median Sales Price | Mar. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Willoughby | 22 | 30 | -26.7% | $155,200 | $129,450 | 19.9% |
| Grand River | 1 | 2 | -50% | $152,000 | $104,650 | 45.2% |
| Timberlake | 2 | 0 | - | $146,750 | $0 | - |
| Painesville | 45 | 82 | -45.1% | $141,000 | $107,500 | 31.2% |
| Madison | 8 | 10 | -20% | $130,250 | $182,500 | -28.6% |
| Mentor-on-the-Lake | 10 | 12 | -16.7% | $120,500 | $141,950 | -15.1% |
| Fairport Harbor | 6 | 9 | -33.3% | $116,250 | $57,500 | 102.2% |
| North Madison | 17 | 21 | -19% | $114,200 | $85,000 | 34.4% |
| North Perry | 3 | 8 | -62.5% | $113,400 | $140,000 | -19% |
| Willowick | 29 | 21 | 38.1% | $107,000 | $90,000 | 18.9% |
| Eastlake | 18 | 22 | -18.2% | $91,750 | $102,850 | -10.8% |
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