#5100622, Gary A Kohl, Listing Office: HomeSmart Real Estate Momentum LLC
Mentor Housing Market Report January 2025•Lake County, Ohio
Housing Prices in Mentor, OH
How much do homes in Mentor, OH cost?
Housing Market Conditions
Is Mentor, OH a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Mentor is a Seller's Market
Difference Since January 2024
Since last year, Mentor has remained a Seller's Market.
Mentor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Mentor have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Mentor was $271,500 in January 2025, up 10.8% from last year, and the median price per square foot was $149.
Median Sold Price By Cities
City | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
Mentor-on-the-Lake | $191.9K | $215.5K | +12.3% |
Mentor | $244.9K | $271.5K | +10.8% |
Painesville | $192.2K | $212.3K | +10.4% |
Median Sold Price By Bedrooms
Beds | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $99.7K | $89.9K | -9.8% |
22 Bedrooms | $149.9K | $159.4K | +6.4% |
33 Bedrooms | $231K | $248.4K | +7.6% |
44 Bedrooms | $335K | $358.9K | +7.1% |
55+ Bedrooms | $384.9K | $430K | +11.7% |
Summary: Mentor housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -9.8%. The home price for 2 bedroom homes increased by +6.4%. The home price for 3 bedroom homes increased by +7.6%. The home price for 4 bedroom homes increased by +7.1%. The home price for 5 bedroom homes increased by +11.7%.
Housing supply in Mentor, OH
How many homes are available in Mentor, OH?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
135Last MonthJan 2025 | ||
1412 months agoDec 2024 | -4.3 % Change MoMDec – Jan |
Summary: The Mentor real estate market had 135 homes for sale in Jan 2025, a 4.3 % decrease compared to Dec 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
37Last MonthJan 2025 | ||
382 months agoDec 2024 | -2.6 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
Beds | Dec 2024 | Jan 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 1 | 1 | 0.0% |
22 Bedrooms | 25 | 26 | +4.0% |
33 Bedrooms | 68 | 64 | -5.9% |
44 Bedrooms | 38 | 35 | -7.9% |
55+ Bedrooms | 9 | 9 | 0.0% |
Summary: Mentor housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +4.0%. The inventory for 3 bedroom homes decreased by -5.9%. The inventory for 4 bedroom homes decreased by -7.9%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Mentor, OH cost?
Over Asking Price8 Homes
At Asking Price8 Homes
Under Asking Price21 Homes
If you're buying a home in Mentor, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Mentor in January 2025, down by 2.6% month-over-month. Of the 37 sold homes, 57% were sold under asking, 22% were sold at asking, and and 22% were sold over asking.
Days on Market for Mentor, OH
How long does it take to sell a home in Mentor, OH?
Breakdown of Home Sale Times
Under 30 Days13 Homes
30 – 90 Days19 Homes
Over 90 Days5 Homes
Avg time on Rocket Homes in Mentor has remained consistent over time.
Summary: During January 2025, 37 homes were sold in Mentor; 35% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
55 DaysThis YearJan 2025 | ||
37 Days1 year agoJan 2024 | +46.2 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Mentor had an average listing age of 55 days in Jan 2025, up by 46.2% compared to the previous year.
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Newest Listings in Mentor, OH
What homes are available in Mentor, OH?
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MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 02/01/2023 - 02/01/2025

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/16/2025, 10:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.