In March 2020, there were nine homes sold, with a median sale price of $145,500 - a 18.8% increase over the $122,509 median sale price for the same period of the previous year. There were 12 homes sold in Mentor-on-the-Lake in March 2019.
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 March 2020.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in March 2020:
| City | Mar. 2020 Home Sales | Mar. 2019 Home Sales | % change (Total Home Sales) | Mar. 2020 Median Sales Price | Mar. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kirtland | 4 | 8 | -50% | $232,500 | $263,625 | -11.8% |
| Timberlake | 1 | 2 | -50% | $205,000 | $197,500 | 3.8% |
| Mentor | 82 | 64 | 28.1% | $175,000 | $158,000 | 10.8% |
| Willoughby Hills | 5 | 3 | 66.7% | $161,000 | $298,000 | -46% |
| Fairport Harbor | 2 | 8 | -75% | $148,450 | $98,569.50 | 50.6% |
| Mentor-on-the-Lake | 9 | 12 | -25% | $145,500 | $122,508.50 | 18.8% |
| Perry | 4 | 0 | - | $141,000 | $0 | - |
| North Madison | 10 | 12 | -16.7% | $139,900 | $137,400 | 1.8% |
| Willoughby | 31 | 32 | -3.1% | $134,500 | $138,000 | -2.5% |
| Eastlake | 28 | 21 | 33.3% | $127,995 | $127,000 | 0.8% |
| Willowick | 17 | 16 | 6.3% | $127,000 | $123,250 | 3% |
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