Mentor-on-the-Lake home prices rise in September 2020

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The median sale price of a home sold in September 2020 in Mentor-on-the-Lake rose by $26,500 while total sales increased by 14.3%, according to BlockShopper.com.

In September 2020, there were 16 homes sold, with a median sale price of $166,500 - a 18.9% increase over the $140,000 median sale price for the same period of the previous year. There were 14 homes sold in Mentor-on-the-Lake in September 2019.

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 September 2020.

The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sales prices in September 2020:

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Timberlake31200%$207,500$189,9009.3%
Mentor1038225.6%$197,000$171,50014.9%
Madison181520%$193,500$139,00039.2%
Lane10-$179,000$0-
Willoughby402842.9%$167,500$121,22538.2%
Mentor-on-the-Lake161414.3%$166,500$140,00018.9%
Painesville73730%$156,000$156,0000%
Willowick24234.3%$151,500$124,50021.7%
Lakeline110%$147,000$36,520302.5%
Avenues Mobile Estates30-$139,900$0-
North Madison15147.1%$135,000$120,00012.5%

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