From January through March of 2018, there were 24 homes sold, with a median sale price of $118,850 - a 2.5% increase over the $116,000 median sale price for the same period of the previous year. There were 27 homes sold in Mentor-on-the-Lake in the first 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 3.8% of the median home sale price for the first quarter of 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the first quarter of 2018:
| City | Jan. - Mar. 2018 Home Sales | Jan. - Mar. 2017 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2018 Median Sales Price | Jan. - Mar. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Willoughby | 60 | 72 | -16.7% | $150,700 | $101,250 | 48.8% |
| Mentor | 156 | 172 | -9.3% | $145,750 | $127,550 | 14.3% |
| Grand River | 2 | 2 | 0% | $141,000 | $104,650 | 34.7% |
| North Perry | 17 | 16 | 6.3% | $139,900 | $135,750 | 3.1% |
| Madison | 27 | 29 | -6.9% | $134,000 | $180,500 | -25.8% |
| Mentor-on-the-Lake | 24 | 27 | -11.1% | $118,850 | $116,000 | 2.5% |
| Painesville | 118 | 183 | -35.5% | $114,750 | $110,000 | 4.3% |
| Willowick | 70 | 58 | 20.7% | $111,700 | $99,750 | 12% |
| Timberlake | 4 | 2 | 100% | $107,800 | $177,500 | -39.3% |
| North Madison | 36 | 40 | -10% | $103,000 | $88,500 | 16.4% |
| Eastlake | 48 | 57 | -15.8% | $99,500 | $75,000 | 32.7% |
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