From January through June of 2019, there were 53 homes sold, with a median sale price of $122,850 - a 7.6% decrease over the $133,000 median sale price for the same period of the previous year. There were 51 homes sold in Mentor-on-the-Lake in the first 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 3.6% of the median home sale price for the first half of 2019.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the first half of 2019:
| City | Jan. - June 2019 Home Sales | Jan. - June 2018 Home Sales | % change (Total Home Sales) | Jan. - June 2019 Median Sales Price | Jan. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 433 | 434 | -0.2% | $159,000 | $164,250 | -3.2% |
| Madison | 64 | 71 | -9.9% | $158,500 | $139,500 | 13.6% |
| Lane | 6 | 1 | 500% | $155,500 | $150,000 | 3.7% |
| Willoughby | 164 | 165 | -0.6% | $147,450 | $150,000 | -1.7% |
| Painesville | 376 | 308 | 22.1% | $137,700 | $136,650 | 0.8% |
| Mentor-on-the-Lake | 53 | 51 | 3.9% | $122,850 | $133,000 | -7.6% |
| North Madison | 75 | 82 | -8.5% | $117,000 | $114,600 | 2.1% |
| Willowick | 124 | 141 | -12.1% | $117,000 | $113,000 | 3.5% |
| Wickliffe | 135 | 143 | -5.6% | $114,000 | $98,000 | 16.3% |
| Eastlake | 145 | 120 | 20.8% | $112,800 | $104,700 | 7.7% |
| Fairport Harbor | 39 | 31 | 25.8% | $98,000 | $102,500 | -4.4% |
Alerts Sign-up