#5105025, Michael Kaim, Listing Office: Real of Ohio
Mentor-on-the-Lake Housing Market Report February 2025•Lake County, Ohio
Housing Prices in Mentor-on-the-Lake, OH
How much do homes in Mentor-on-the-Lake, OH cost?
Housing Market Conditions
Is Mentor-on-the-Lake, OH a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Mentor-on-the-Lake is a Seller's Market
Difference Since February 2024
Since last year, Mentor-on-the-Lake has remained a Seller's Market.
Mentor-on-the-Lake 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-on-the-Lake have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Mentor-on-the-Lake was $217,250 in February 2025, up 15.9% from last year, and the median price per square foot was $156.
Median Sold Price By Cities
City | Feb 2024 | Feb 2025 | Change YoY |
---|---|---|---|
Mentor-on-the-Lake | $187.4K | $217.2K | +15.9% |
Mentor | $247.1K | $265.6K | +7.5% |
Median Sold Price By Bedrooms
Beds | Feb 2024 | Feb 2025 | Change YoY |
---|---|---|---|
11 Bedroom | - | - | N/A |
22 Bedrooms | $175K | $190K | +8.6% |
33 Bedrooms | $184.9K | $230.2K | +24.5% |
44 Bedrooms | $236K | $267K | +13.1% |
55+ Bedrooms | - | $180K | N/A |
Summary: Mentor-on-the-Lake housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +8.6%. The home price for 3 bedroom homes increased by +24.5%. The home price for 4 bedroom homes increased by +13.1%. The home price for 5 bedroom homes did not change.
How does Mentor-on-the-Lake, OH compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Mentor-on-the-Lake, OH
Housing supply in Mentor-on-the-Lake, OH
How many homes are available in Mentor-on-the-Lake, OH?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
17Last MonthFeb 2025 | ||
152 months agoJan 2025 | +13.3 % Change MoMJan – Feb |
Summary: The Mentor-on-the-Lake real estate market had 17 homes for sale in Feb 2025, a 13.3 % increase compared to Jan 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
4Last MonthFeb 2025 | ||
52 months agoJan 2025 | -20.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
Beds | Jan 2025 | Feb 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 2 | 2 | 0.0% |
33 Bedrooms | 13 | 13 | 0.0% |
44 Bedrooms | 0 | 2 | +100.0% |
55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Mentor-on-the-Lake housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Mentor-on-the-Lake, OH cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price2 Homes
If you're buying a home in Mentor-on-the-Lake, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Mentor-on-the-Lake in February 2025, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and and 25% were sold over asking.
Days on Market for Mentor-on-the-Lake, OH
How long does it take to sell a home in Mentor-on-the-Lake, OH?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days2 Homes
Over 90 Days0 Home
Many homes in Mentor-on-the-Lake are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 4 homes were sold in Mentor-on-the-Lake; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
44 DaysThis YearFeb 2025 | ||
35 Days1 year agoFeb 2024 | +27.9 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Mentor-on-the-Lake had an average listing age of 44 days in Feb 2025, up by 27.9% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Mentor-on-the-Lake, OH
What homes are available in Mentor-on-the-Lake, OH?
Nearby markets
Popular Cities with Homes for Sale in Ohio
- Homes for sale in Akron, OH
- Homes for sale in Beavercreek, OH
- Homes for sale in Brunswick, OH
- Homes for sale in Canton, OH
- Homes for sale in Cincinnati, OH
- Homes for sale in Cleveland, OH
- Homes for sale in Columbus, OH
- Homes for sale in Dayton, OH
- Homes for sale in Dublin, OH
- Homes for sale in Findlay, OH
- Homes for sale in Hudson, OH
- Homes for sale in Lancaster, OH
- Homes for sale in Mason, OH
- Homes for sale in Medina, OH
- Homes for sale in Mentor, OH
- Homes for sale in Newark, OH
- Homes for sale in Parma, OH
- Homes for sale in Strongsville, OH
- Homes for sale in Toledo, OH
- Homes for sale in West Chester, OH
- Homes for sale in Westerville, OH
MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 03/01/2023 - 03/01/2025

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.