In May 2020, there were 15 homes sold, with a median sale price of $152,000 - a 15.6% increase over the $131,500 median sale price for the same period of the previous year. There were 10 homes sold in Mentor-on-the-Lake in May 2019.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 2.9% of the median home sale price for May 2020.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in May 2020:
| City | May 2020 Home Sales | May 2019 Home Sales | % change (Total Home Sales) | May 2020 Median Sales Price | May 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Perry | 6 | 5 | 20% | $190,750 | $135,000 | 41.3% |
| Painesville | 42 | 75 | -44% | $174,500 | $146,500 | 19.1% |
| Mentor | 65 | 97 | -33% | $170,000 | $155,000 | 9.7% |
| Grand River | 1 | 2 | -50% | $167,500 | $172,500 | -2.9% |
| Willoughby | 32 | 36 | -11.1% | $158,950 | $136,750 | 16.2% |
| Mentor-on-the-Lake | 15 | 10 | 50% | $152,000 | $131,500 | 15.6% |
| Willowick | 18 | 28 | -35.7% | $134,950 | $113,000 | 19.4% |
| Timberlake | 1 | 0 | - | $133,500 | $0 | - |
| Eastlake | 23 | 33 | -30.3% | $130,000 | $112,000 | 16.1% |
| Wickliffe | 23 | 30 | -23.3% | $120,800 | $109,500 | 10.3% |
| North Madison | 18 | 15 | 20% | $117,950 | $110,000 | 7.2% |
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