From January through March of 2021, there were 21 homes sold, with a median sale price of $160,000 - a 8.8% increase over the $147,125 median sale price for the same period of the previous year. There were 22 homes sold in Mentor-on-the-Lake in the first quarter of 2020.
The median sales tax in Mentor-on-the-Lake for the most recent year with available data, 2019, was $5,087, approximately 3.2% of the median home sale price for the first quarter of 2021.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sale prices in the first quarter of 2021:
| City | Jan. - Mar. 2021 Home Sales | Jan. - Mar. 2020 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2021 Median Sales Price | Jan. - Mar. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mentor | 165 | 173 | -4.6% | $184,900 | $165,000 | 12.1% |
| Willoughby | 76 | 74 | 2.7% | $173,500 | $129,500 | 34% |
| Lane | 1 | 1 | 0% | $172,000 | $75,000 | 129.3% |
| Perry | 4 | 5 | -20% | $168,650 | $135,000 | 24.9% |
| Fairport Harbor | 12 | 10 | 20% | $162,750 | $94,750 | 71.8% |
| Mentor-on-the-Lake | 21 | 22 | -4.5% | $160,000 | $147,125 | 8.8% |
| Painesville on-the-Lake | 1 | 0 | - | $148,000 | $0 | - |
| North Madison | 33 | 27 | 22.2% | $145,000 | $123,000 | 17.9% |
| Madison | 27 | 21 | 28.6% | $144,000 | $165,000 | -12.7% |
| Painesville | 148 | 171 | -13.5% | $143,450 | $134,000 | 7.1% |
| Avenues Mobile Estates | 5 | 2 | 150% | $143,000 | $93,500 | 52.9% |
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