From April through June of 2019, there were 33 homes sold, with a median sale price of $134,000 - a 6% decrease over the $142,500 median sale price for the same period of the previous year. There were 27 homes sold in Mentor-on-the-Lake in the second 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 3.3% of the median home sale price for the second quarter of 2019.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the second quarter of 2019:
| City | Apr. - June 2019 Home Sales | Apr. - June 2018 Home Sales | % change (Total Home Sales) | Apr. - June 2019 Median Sales Price | Apr. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Madison | 44 | 44 | 0% | $151,450 | $146,750 | 3.2% |
| Willoughby | 92 | 105 | -12.4% | $149,998.50 | $148,000 | 1.4% |
| Painesville | 220 | 190 | 15.8% | $145,750 | $144,450 | 0.9% |
| Lane | 2 | 1 | 100% | $140,500 | $150,000 | -6.3% |
| Shoreland | 3 | 1 | 200% | $135,900 | $70,000 | 94.1% |
| Mentor-on-the-Lake | 33 | 27 | 22.2% | $134,000 | $142,500 | -6% |
| Willowick | 76 | 71 | 7% | $119,750 | $114,000 | 5% |
| Eastlake | 89 | 72 | 23.6% | $114,900 | $106,500 | 7.9% |
| North Madison | 48 | 46 | 4.3% | $109,000 | $119,500 | -8.8% |
| Wickliffe | 74 | 79 | -6.3% | $107,625 | $106,500 | 1.1% |
| Fairport Harbor | 21 | 17 | 23.5% | $98,000 | $104,000 | -5.8% |
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