The median sale price of a home sold in January 2021 in Mentor rose by $47,500 while total sales increased by 10.2%, according to BlockShopper.com.
In January 2021, there were 54 homes sold, with a median sale price of $182,400 - a 35.2% increase over the $134,900 median sale price for the same period of the previous year. There were 49 homes sold in Mentor in January 2020.
The median sales tax in Mentor for the most recent year with available data, 2019, was $5,986, approximately 3.3% of the median home sale price for January 2021.
The following table compares Mentor 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) |
|---|---|---|---|---|---|---|
| Willoughby Hills | 3 | 3 | 0% | $397,500 | $150,000 | 165% |
| Perry | 1 | 1 | 0% | $278,800 | $117,000 | 138.3% |
| 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% |
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