From October through December of 2019, there were 28 homes sold, with a median sale price of $131,863 - a 7.8% decrease over the $143,000 median sale price for the same period of the previous year. There were 27 homes sold in Mentor-on-the-Lake in the fourth quarter of 2018.
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 the fourth quarter of 2019.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the fourth quarter of 2019:
| City | Oct. - Dec. 2019 Home Sales | Oct. - Dec. 2018 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2019 Median Sales Price | Oct. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Madison | 32 | 26 | 23.1% | $154,900 | $127,500 | 21.5% |
| Mentor | 186 | 229 | -18.8% | $152,450 | $145,000 | 5.1% |
| Willoughby | 85 | 81 | 4.9% | $148,798 | $135,400 | 9.9% |
| Painesville | 211 | 204 | 3.4% | $143,500 | $135,000 | 6.3% |
| Perry | 6 | 4 | 50% | $140,500 | $156,850 | -10.4% |
| Mentor-on-the-Lake | 28 | 27 | 3.7% | $131,862.50 | $143,000 | -7.8% |
| Willowick | 63 | 66 | -4.5% | $124,900 | $117,900 | 5.9% |
| Fairport Harbor | 22 | 20 | 10% | $115,000 | $108,750 | 5.7% |
| North Madison | 33 | 50 | -34% | $114,900 | $99,950 | 15% |
| Wickliffe | 63 | 63 | 0% | $110,000 | $103,200 | 6.6% |
| Eastlake | 75 | 71 | 5.6% | $94,000 | $105,000 | -10.5% |
Alerts Sign-up