From April through June of 2020, there were 37 homes sold, with a median sale price of $145,500 - a 8.6% increase over the $134,000 median sale price for the same period of the previous year. There were 33 homes sold in Mentor-on-the-Lake in the second quarter of 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 the second quarter of 2020.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in the second quarter of 2020:
| City | Apr. - June 2020 Home Sales | Apr. - June 2019 Home Sales | % change (Total Home Sales) | Apr. - June 2020 Median Sales Price | Apr. - June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 214 | 265 | -19.2% | $184,950 | $160,000 | 15.6% |
| Grand River | 2 | 4 | -50% | $176,250 | $168,176 | 4.8% |
| Painesville | 178 | 220 | -19.1% | $167,500 | $145,750 | 14.9% |
| Willoughby | 93 | 92 | 1.1% | $158,000 | $149,998.50 | 5.3% |
| Madison | 33 | 44 | -25% | $155,000 | $151,450 | 2.3% |
| Mentor-on-the-Lake | 37 | 33 | 12.1% | $145,500 | $134,000 | 8.6% |
| Willowick | 82 | 76 | 7.9% | $133,250 | $119,750 | 11.3% |
| North Madison | 48 | 48 | 0% | $125,950 | $109,000 | 15.6% |
| Fairport Harbor | 15 | 21 | -28.6% | $124,000 | $98,000 | 26.5% |
| Wickliffe | 72 | 74 | -2.7% | $123,750 | $107,625 | 15% |
| Eastlake | 72 | 89 | -19.1% | $119,500 | $114,900 | 4% |
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