In July 2020, there were nine homes sold, with a median sale price of $141,000 - a 2.2% increase over the $138,000 median sale price for the same period of the previous year. There were five homes sold in Mentor-on-the-Lake in July 2019.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2015, was $4,466, approximately 3.2% of the median home sale price for July 2020.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in July 2020:
| City | July 2020 Home Sales | July 2019 Home Sales | % change (Total Home Sales) | July 2020 Median Sales Price | July 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Madison | 16 | 13 | 23.1% | $157,450 | $165,000 | -4.6% |
| Shoreland | 1 | 1 | 0% | $157,000 | $32,500 | 383.1% |
| Painesville | 88 | 76 | 15.8% | $151,900 | $155,500 | -2.3% |
| Grand River | 1 | 0 | - | $150,000 | $0 | - |
| North Perry | 8 | 4 | 100% | $146,250 | $217,500 | -32.8% |
| Mentor-on-the-Lake | 9 | 5 | 80% | $141,000 | $138,000 | 2.2% |
| Wickliffe | 41 | 17 | 141.2% | $140,000 | $120,000 | 16.7% |
| North Madison | 15 | 11 | 36.4% | $139,900 | $107,800 | 29.8% |
| Willowick | 38 | 27 | 40.7% | $132,000 | $130,000 | 1.5% |
| Eastlake | 21 | 25 | -16% | $130,000 | $127,900 | 1.6% |
| Fairport Harbor | 6 | 6 | 0% | $106,125 | $107,500 | -1.3% |
Alerts Sign-up