In July 2021, there were 16 homes sold, with a median sale price of $172,500 - a 22.3% increase over the $141,000 median sale price for the same period of the previous year. There were nine homes sold in Mentor-on-the-Lake in July 2020.
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 July 2021.
The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sale prices in July 2021:
| City | July 2021 Home Sales | July 2020 Home Sales | % change (Total Home Sales) | July 2021 Median Sales Price | July 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Perry | 12 | 8 | 50% | $245,000 | $146,250 | 67.5% |
| Mentor | 132 | 98 | 34.7% | $213,000 | $194,500 | 9.5% |
| Madison | 13 | 16 | -18.8% | $194,000 | $157,450 | 23.2% |
| Willoughby | 47 | 44 | 6.8% | $190,000 | $171,500 | 10.8% |
| Painesville | 92 | 87 | 5.7% | $180,000 | $148,800 | 21% |
| Mentor-on-the-Lake | 16 | 9 | 77.8% | $172,500 | $141,000 | 22.3% |
| Perry | 3 | 3 | 0% | $170,000 | $200,000 | -15% |
| North Madison | 23 | 15 | 53.3% | $159,900 | $139,900 | 14.3% |
| Avenues Mobile Estates | 1 | 1 | 0% | $155,900 | $63,494 | 145.5% |
| Willowick | 27 | 38 | -28.9% | $150,000 | $132,000 | 13.6% |
| Wickliffe | 34 | 43 | -20.9% | $144,750 | $140,000 | 3.4% |
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