#5110648, Claire Jazbec, Listing Office: Keller Williams Greater Cleveland Northeast
Mentor-on-the-Lake Housing Market Report March 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 March 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 14.3% more than they did a year ago.
Summary: The median home sold price in Mentor-on-the-Lake was $217,250 in March 2025, up 14.3% from last year, and the median price per square foot was $147.
Median Sold Price By Cities
City | Mar 2024 | Mar 2025 | Change YoY |
---|---|---|---|
Mentor-on-the-Lake | $190K | $217.2K | +14.3% |
Mentor | $246K | $269.9K | +9.7% |
Median Sold Price By Bedrooms
Beds | Mar 2024 | Mar 2025 | Change YoY |
---|---|---|---|
11 Bedroom | - | - | N/A |
22 Bedrooms | $175K | $197K | +12.6% |
33 Bedrooms | $192.9K | $225.2K | +16.8% |
44 Bedrooms | $253.5K | $267K | +5.3% |
55+ Bedrooms | - | $180K | N/A |
Summary: Mentor-on-the-Lake housing price by bedroom type for March 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 +12.6%. The home price for 3 bedroom homes increased by +16.8%. The home price for 4 bedroom homes increased by +5.3%. 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 MonthMar 2025 | ||
172 months agoFeb 2025 | 0.0 % Change MoMFeb – Mar |
Summary: The Mentor-on-the-Lake real estate market had 17 homes for sale in Mar 2025, the same as Feb 2025
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
4Last MonthMar 2025 | ||
72 months agoFeb 2025 | -42.9 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
Beds | Feb 2025 | Mar 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 3 | 3 | 0.0% |
33 Bedrooms | 12 | 12 | 0.0% |
44 Bedrooms | 2 | 2 | 0.0% |
55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Mentor-on-the-Lake housing inventory by bedroom type for March 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 remained the same. 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 Price0 Home
At Asking Price1 Home
Under Asking Price3 Homes
If you're buying a home in Mentor-on-the-Lake, you may be able to get a good deal. 75% 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 March 2025, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and and 0% 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 Days0 Home
30 – 90 Days2 Homes
Over 90 Days2 Homes
Avg time on Rocket Homes in Mentor-on-the-Lake has remained consistent over time.
Summary: During March 2025, 4 homes were sold in Mentor-on-the-Lake; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
93 DaysThis YearMar 2025 | ||
41 Days1 year agoMar 2024 | +125.4 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Mentor-on-the-Lake had an average listing age of 93 days in Mar 2025, up by 125.4% compared to the previous year.
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Newest Listings in Mentor-on-the-Lake, OH
What homes are available in Mentor-on-the-Lake, OH?
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MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 04/01/2023 - 04/01/2025

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/5/2025, 9:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.