In March 2021, there were six homes sold, with a median sale price of $162,000 - a 6.8% increase over the $151,700 median sale price for the same period of the previous year. There were 10 homes sold in Mentor-on-the-Lake in March 2020.
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 March 2021.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sale prices in March 2021:
| City | Mar. 2021 Home Sales | Mar. 2020 Home Sales | % change (Total Home Sales) | Mar. 2021 Median Sales Price | Mar. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Timberlake | 1 | 1 | 0% | $197,500 | $205,000 | -3.7% |
| Willoughby | 36 | 32 | 12.5% | $192,500 | $139,100 | 38.4% |
| Mentor | 61 | 86 | -29.1% | $190,000 | $176,500 | 7.6% |
| Lane | 1 | 1 | 0% | $172,000 | $75,000 | 129.3% |
| Avenues Mobile Estates | 2 | 2 | 0% | $166,500 | $93,500 | 78.1% |
| Mentor-on-the-Lake | 6 | 10 | -40% | $162,000 | $151,700 | 6.8% |
| Fairport Harbor | 7 | 2 | 250% | $160,000 | $148,450 | 7.8% |
| Madison | 8 | 12 | -33.3% | $159,500 | $119,250 | 33.8% |
| Willowick | 27 | 17 | 58.8% | $145,000 | $127,000 | 14.2% |
| North Madison | 16 | 11 | 45.5% | $141,700 | $135,000 | 5% |
| Grand River | 2 | 1 | 100% | $135,500 | $89,500 | 51.4% |
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