In February 2021, there were five homes sold, with a median sale price of $174,900 - a 17.6% increase over the $148,750 median sale price for the same period of the previous year. There were five homes sold in Mentor-on-the-Lake in February 2020, as well.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2019, was $5,087, approximately 2.9% of the median home sale price for February 2021.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sale prices in February 2021:
| City | Feb. 2021 Home Sales | Feb. 2020 Home Sales | % change (Total Home Sales) | Feb. 2021 Median Sales Price | Feb. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Willoughby Hills | 2 | 6 | -66.7% | $290,000 | $175,000 | 65.7% |
| Kirtland | 5 | 1 | 400% | $244,900 | $305,000 | -19.7% |
| North Perry | 3 | 6 | -50% | $200,000 | $187,950 | 6.4% |
| Perry | 1 | 0 | - | $187,800 | $0 | - |
| Madison | 9 | 5 | 80% | $175,500 | $165,000 | 6.4% |
| Mentor-on-the-Lake | 5 | 5 | 0% | $174,900 | $148,750 | 17.6% |
| Mentor | 43 | 38 | 13.2% | $174,000 | $169,500 | 2.7% |
| Willoughby | 19 | 23 | -17.4% | $150,000 | $127,000 | 18.1% |
| Painesville | 51 | 51 | 0% | $143,000 | $115,000 | 24.3% |
| Eastlake | 21 | 17 | 23.5% | $140,000 | $129,900 | 7.8% |
| Willowick | 25 | 18 | 38.9% | $140,000 | $126,950 | 10.3% |
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