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Featured local agent — Mentor-on-the-Lake, OH
Sarah Mitchell
Compass Real Estate · Mentor-on-the-Lake, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mentor-on-the-Lake, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$248,000median sale price
How is the Mentor-on-the-Lake, OH housing market right now?
The median home sale price in Mentor-on-the-Lake, OH is $248,000, up 11.0% year-over-year. Homes sell in an average of 37 days with 8 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Mentor-on-the-Lake a buyer's or seller's market?
Mentor-on-the-Lake, OH is currently a strong seller's market, based on 0.7 months of supply and homes selling in about 37 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
37
Average pace
Active listings
8
0.7 months supply
Sale-to-list
102.6%
Above asking
What does the Mentor-on-the-Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $248,000 |
| Median list price | $262,400 |
| Year-over-year price change | +11.0% |
| Average days on market | 37 days |
| Active inventory | 8 listings |
| Months of supply | 0.7 months |
| Sale-to-list price ratio | 102.6% |
| Median price per sq ft | $185/sq ft |
| Homes sold (latest month) | 11 |
| New listings (latest month) | 6 |
| Listings with a price cut | 25.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Mentor-on-the-Lake by property type?
How the Mentor-on-the-Lake, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $248,000 | $185/sq ft | 9 | 37 days |
| Condo / Co-op | $247,450 | $190/sq ft | 2 | 117 days |
| Townhouse | $265,000 | $187/sq ft | 1 | 54 days |
Source: Redfin · Updated monthly
The Mentor-on-the-Lake housing market is currently classified as a strong seller's market with a median sale price of $248,000. Prices have risen 11.0% compared to last year, with homes spending an average of 37 days on market, indicating 0.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Mentor-on-the-Lake
There are currently 8 homes listed for sale in Mentor-on-the-Lake, Ohio. The median listing price is $262K.
Active listings
8
Homes on market
Median list price
$262K
Avg. days on market
37
Days until sale
New this week
6
Newly listed
Who lives in Mentor-on-the-Lake?
Population
7,117
Median income
$61,320/yr
Median age
46.6 years
Owner-occupied
60.3%
College grads
22.5%
Avg commute
23.8 min
Source: U.S. Census Bureau ACS
What is it like to live in Mentor-on-the-Lake?
Mentor-on-the-Lake is a community of approximately 7K residents with a median age of 46.6 years.The median household income is $61,320, which represents a working-class community with solid middle-income opportunities. 22.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 60.3%, showing a blend of owner and renter-occupied properties. The average commute time is 23.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Mentor-on-the-Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Mentor-on-the-Lake, OH?
Want a head-to-head view? Compare Mentor-on-the-Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Mentor-on-the-Lake?
The median home sale price in Mentor-on-the-Lake is $248,000, up 11.0% from last year.
How long do homes stay on market in Mentor-on-the-Lake?
Homes typically spend 37 days on market before going under contract.
What is the median income in Mentor-on-the-Lake?
The median household income is $61,320 per year.
Is Mentor-on-the-Lake a buyer's or seller's market?
With 0.7 months of supply, Mentor-on-the-Lake is currently a strong seller's market.
What is the median condo price in Mentor-on-the-Lake?
The median condo/co-op sale price in Mentor-on-the-Lake, OH is $247,450, compared to $248,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Mentor-on-the-Lake?
The median single-family home price in Mentor-on-the-Lake, OH is $248,000 (about $185 per square foot).
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