From October through December of 2018, there were 27 homes sold, with a median sale price of $143,000 - a 66.1% increase over the $86,100 median sale price for the same period of the previous year. There were 24 homes sold in Mentor-on-the-Lake in the fourth quarter of 2017.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.1% of the median home sale price for the fourth quarter of 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the fourth quarter of 2018:
| City | Oct. - Dec. 2018 Home Sales | Oct. - Dec. 2017 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2018 Median Sales Price | Oct. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kirtland | 26 | 18 | 44.4% | $227,750 | $255,000 | -10.7% |
| Willoughby Hills | 31 | 31 | 0% | $202,000 | $200,000 | 1% |
| North Perry | 15 | 21 | -28.6% | $200,000 | $172,000 | 16.3% |
| Perry | 4 | 7 | -42.9% | $156,850 | $120,000 | 30.7% |
| Mentor | 229 | 246 | -6.9% | $145,000 | $150,500 | -3.7% |
| Mentor-on-the-Lake | 27 | 24 | 12.5% | $143,000 | $86,100 | 66.1% |
| Willoughby | 81 | 99 | -18.2% | $135,400 | $134,000 | 1% |
| Painesville | 204 | 208 | -1.9% | $135,000 | $134,250 | 0.6% |
| Timberlake | 6 | 3 | 100% | $131,000 | $125,400 | 4.5% |
| Madison | 26 | 47 | -44.7% | $127,500 | $130,000 | -1.9% |
| Willowick | 66 | 81 | -18.5% | $117,900 | $108,000 | 9.2% |
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