From January through June of 2018, there were 51 homes sold, with a median sale price of $133,000 - a 6.8% increase over the $124,500 median sale price for the same period of the previous year. There were 70 homes sold in Mentor-on-the-Lake in the first half of 2017.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.4% of the median home sale price for the first half of 2018.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the first half of 2018:
| City | Jan. - June 2018 Home Sales | Jan. - June 2017 Home Sales | % change (Total Home Sales) | Jan. - June 2018 Median Sales Price | Jan. - June 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lane | 1 | 2 | -50% | $150,000 | $34,400 | 336% |
| Willoughby | 165 | 180 | -8.3% | $150,000 | $126,750 | 18.3% |
| Madison | 71 | 60 | 18.3% | $139,500 | $148,450 | -6% |
| Perry | 17 | 23 | -26.1% | $139,000 | $119,900 | 15.9% |
| Painesville | 308 | 426 | -27.7% | $136,650 | $129,950 | 5.2% |
| Mentor-on-the-Lake | 51 | 70 | -27.1% | $133,000 | $124,500 | 6.8% |
| Grand River | 7 | 5 | 40% | $130,000 | $125,000 | 4% |
| Timberlake | 6 | 7 | -14.3% | $116,300 | $124,900 | -6.9% |
| North Madison | 82 | 87 | -5.7% | $114,600 | $93,500 | 22.6% |
| Willowick | 141 | 163 | -13.5% | $113,000 | $107,000 | 5.6% |
| Eastlake | 120 | 147 | -18.4% | $104,700 | $94,900 | 10.3% |
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