From January through March of 2019, there were 20 homes sold, with a median sale price of $120,009 - a 1% increase over the $118,850 median sale price for the same period of the previous year. There were 24 homes sold in Mentor-on-the-Lake in the first 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 3.7% of the median home sale price for the first quarter of 2019.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the first quarter of 2019:
| City | Jan. - Mar. 2019 Home Sales | Jan. - Mar. 2018 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2019 Median Sales Price | Jan. - Mar. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lane | 4 | 0 | - | $164,568 | $0 | - |
| Mentor | 168 | 156 | 7.7% | $158,000 | $145,750 | 8.4% |
| Willoughby | 72 | 60 | 20% | $143,400 | $150,700 | -4.8% |
| North Madison | 27 | 36 | -25% | $129,900 | $103,000 | 26.1% |
| Painesville | 156 | 118 | 32.2% | $127,000 | $114,750 | 10.7% |
| Mentor-on-the-Lake | 20 | 24 | -16.7% | $120,008.50 | $118,850 | 1% |
| Wickliffe | 61 | 64 | -4.7% | $117,500 | $81,950 | 43.4% |
| Willowick | 48 | 70 | -31.4% | $115,000 | $111,700 | 3% |
| Timberlake | 4 | 4 | 0% | $114,500 | $107,800 | 6.2% |
| Eastlake | 56 | 48 | 16.7% | $108,105 | $99,500 | 8.6% |
| Fairport Harbor | 18 | 14 | 28.6% | $92,100 | $99,250 | -7.2% |
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