In September 2020, there were 16 homes sold, with a median sale price of $166,500 - a 18.9% increase over the $140,000 median sale price for the same period of the previous year. There were 14 homes sold in Mentor-on-the-Lake in September 2019.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2019, was $5,087, approximately 3.1% of the median home sale price for September 2020.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in September 2020:
| City | Sept. 2020 Home Sales | Sept. 2019 Home Sales | % change (Total Home Sales) | Sept. 2020 Median Sales Price | Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Timberlake | 3 | 1 | 200% | $207,500 | $189,900 | 9.3% |
| Mentor | 103 | 82 | 25.6% | $197,000 | $171,500 | 14.9% |
| Madison | 18 | 15 | 20% | $193,500 | $139,000 | 39.2% |
| Lane | 1 | 0 | - | $179,000 | $0 | - |
| Willoughby | 40 | 28 | 42.9% | $167,500 | $121,225 | 38.2% |
| Mentor-on-the-Lake | 16 | 14 | 14.3% | $166,500 | $140,000 | 18.9% |
| Painesville | 73 | 73 | 0% | $156,000 | $156,000 | 0% |
| Willowick | 24 | 23 | 4.3% | $151,500 | $124,500 | 21.7% |
| Lakeline | 1 | 1 | 0% | $147,000 | $36,520 | 302.5% |
| Avenues Mobile Estates | 3 | 0 | - | $139,900 | $0 | - |
| North Madison | 15 | 14 | 7.1% | $135,000 | $120,000 | 12.5% |
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