From July through December of 2019, there were 60 homes sold, with a median sale price of $135,500 - a 1.1% decrease over the $137,000 median sale price for the same period of the previous year. There were 61 homes sold in Mentor-on-the-Lake in the second half 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 half of 2019.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the second half of 2019:
| City | July - Dec. 2019 Home Sales | July - Dec. 2018 Home Sales | % change (Total Home Sales) | July - Dec. 2019 Median Sales Price | July - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 456 | 503 | -9.3% | $165,000 | $152,000 | 8.6% |
| Lane | 4 | 1 | 300% | $160,000 | $86,000 | 86% |
| Madison | 80 | 64 | 25% | $157,000 | $131,250 | 19.6% |
| Painesville | 425 | 434 | -2.1% | $149,000 | $140,000 | 6.4% |
| Willoughby | 179 | 188 | -4.8% | $147,000 | $140,500 | 4.6% |
| Mentor-on-the-Lake | 60 | 61 | -1.6% | $135,500 | $137,000 | -1.1% |
| Willowick | 147 | 131 | 12.2% | $124,500 | $120,000 | 3.8% |
| Avenues Mobile Estates | 4 | 7 | -42.9% | $119,000 | $57,000 | 108.8% |
| Wickliffe | 136 | 143 | -4.9% | $118,375 | $105,500 | 12.2% |
| North Madison | 71 | 112 | -36.6% | $115,000 | $113,500 | 1.3% |
| Eastlake | 151 | 154 | -1.9% | $113,000 | $96,500 | 17.1% |
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