What happened to the median home price in Mentor-on-the-Lake during January 2021?

Medium realestate5

The median sale price of a home sold in January 2021 in Mentor-on-the-Lake rose by $24,700 while total sales increased by 42.9%, according to BlockShopper.com.

In January 2021, there were 10 homes sold, with a median sale price of $158,700 - a 18.4% increase over the $134,000 median sale price for the same period of the previous year. There were seven homes sold in Mentor-on-the-Lake in January 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 January 2021.

The following table compares Mentor-on-the-Lake to other Lake County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
North Perry35-40%$227,000$180,00026.1%
Fairport Harbor45-20%$176,250$99,50077.1%
North Madison811-27.3%$150,000$70,000114.3%
Painesville on-the-Lake10-$148,000$0-

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