In January 2018, there were 10 homes sold, with a median sale price of $113,600 - a 23.5% increase over the $92,000 median sale price for the same period of the previous year. There were five homes sold in Mentor-on-the-Lake in January 2017.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.9% of the median home sale price for January 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in January 2018:
| City | Jan. 2018 Home Sales | Jan. 2017 Home Sales | % change (Total Home Sales) | Jan. 2018 Median Sales Price | Jan. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 47 | 43 | 9.3% | $138,500 | $109,900 | 26% |
| Willoughby Hills | 5 | 7 | -28.6% | $130,000 | $161,500 | -19.5% |
| Grand River | 1 | 0 | - | $130,000 | $0 | - |
| Perry | 3 | 3 | 0% | $125,000 | $170,000 | -26.5% |
| Fairport Harbor | 6 | 9 | -33.3% | $114,250 | $76,000 | 50.3% |
| Mentor-on-the-Lake | 10 | 5 | 100% | $113,600 | $92,000 | 23.5% |
| North Perry | 7 | 3 | 133.3% | $113,000 | $212,500 | -46.8% |
| Willowick | 20 | 18 | 11.1% | $110,750 | $104,750 | 5.7% |
| Eastlake | 19 | 22 | -13.6% | $107,000 | $63,750 | 67.8% |
| Wickliffe | 17 | 20 | -15% | $96,500 | $95,000 | 1.6% |
| Painesville | 39 | 48 | -18.8% | $91,900 | $113,750 | -19.2% |
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