In November 2020, there were 10 homes sold, with a median sale price of $190,750 - a 31.1% increase over the $145,500 median sale price for the same period of the previous year. There were six homes sold in Mentor-on-the-Lake in November 2019.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2019, was $5,087, approximately 2.7% of the median home sale price for November 2020.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in November 2020:
| City | Nov. 2020 Home Sales | Nov. 2019 Home Sales | % change (Total Home Sales) | Nov. 2020 Median Sales Price | Nov. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kirtland Hills | 1 | 2 | -50% | $1,223,500 | $410,000 | 198.4% |
| Kirtland | 18 | 6 | 200% | $387,500 | $231,250 | 67.6% |
| Perry | 4 | 3 | 33.3% | $255,250 | $106,401 | 139.9% |
| North Perry | 1 | 4 | -75% | $201,000 | $227,905.50 | -11.8% |
| Willoughby Hills | 11 | 7 | 57.1% | $195,000 | $209,000 | -6.7% |
| Mentor-on-the-Lake | 10 | 6 | 66.7% | $190,750 | $145,500 | 31.1% |
| Mentor | 84 | 50 | 68% | $181,000 | $153,250 | 18.1% |
| Lakeline | 1 | 0 | - | $174,900 | $0 | - |
| Painesville | 71 | 66 | 7.6% | $166,000 | $148,000 | 12.2% |
| Avenues Mobile Estates | 1 | 1 | 0% | $165,000 | $110,000 | 50% |
| Madison | 15 | 11 | 36.4% | $165,000 | $160,000 | 3.1% |
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