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:
| City | Jan. 2021 Home Sales | Jan. 2020 Home Sales | % change (Total Home Sales) | Jan. 2021 Median Sales Price | Jan. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Timberlake | 1 | 0 | - | $249,000 | $0 | - |
| North Perry | 3 | 5 | -40% | $227,000 | $180,000 | 26.1% |
| Kirtland | 3 | 4 | -25% | $227,000 | $130,750 | 73.6% |
| Mentor | 54 | 49 | 10.2% | $182,400 | $134,900 | 35.2% |
| Fairport Harbor | 4 | 5 | -20% | $176,250 | $99,500 | 77.1% |
| Mentor-on-the-Lake | 10 | 7 | 42.9% | $158,700 | $134,000 | 18.4% |
| Willoughby | 20 | 19 | 5.3% | $157,450 | $125,900 | 25.1% |
| Painesville | 31 | 50 | -38% | $151,000 | $141,177.50 | 7% |
| North Madison | 8 | 11 | -27.3% | $150,000 | $70,000 | 114.3% |
| Painesville on-the-Lake | 1 | 0 | - | $148,000 | $0 | - |
| Eastlake | 21 | 19 | 10.5% | $137,800 | $93,000 | 48.2% |
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