The median sale price of a home sold in September 2020 in Mentor rose by $25,500 while total sales increased by 25.6%, according to BlockShopper.com.
In September 2020, there were 103 homes sold, with a median sale price of $197,000 - a 14.9% increase over the $171,500 median sale price for the same period of the previous year. There were 82 homes sold in Mentor in September 2019.
The median sales tax in Mentor for the most recent year with available data, 2019, was $5,986, approximately 3% of the median home sale price for September 2020.
The following table compares Mentor to other Lake County cities with similar median sales prices in September 2020:
| City | Sept. 2020 Home Sales | Sept. 2019 Home Sales | % change (Total Home Sales) | Sept. 2020 Median Sales Price | Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kirtland | 4 | 7 | -42.9% | $302,000 | $390,000 | -22.6% |
| Willoughby Hills | 7 | 4 | 75% | $225,000 | $265,000 | -15.1% |
| North Perry | 8 | 9 | -11.1% | $224,950 | $212,000 | 6.1% |
| Perry | 4 | 1 | 300% | $224,450 | $190,000 | 18.1% |
| Timberlake | 3 | 1 | 200% | $207,500 | $189,900 | 9.3% |
| Mentor | 103 | 82 | 25.6% | $197,000 | $171,500 | 14.9% |
| Madison | 18 | 15 | 20% | $193,500 | $139,000 | 39.2% |
| Lane | 1 | 0 | - | $179,000 | $0 | - |
| Willoughby | 40 | 28 | 42.9% | $167,500 | $121,225 | 38.2% |
| Mentor-on-the-Lake | 16 | 14 | 14.3% | $166,500 | $140,000 | 18.9% |
| Painesville | 73 | 73 | 0% | $156,000 | $156,000 | 0% |
Alerts Sign-up