6 days on Rocket
$1,780 Closing Credit¹
#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.
Insight
Mentor-on-the-Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$217,250$156/SqFt
+$29,800
+15.9%
Based on all homes sold in the last 12 months
Insight
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
Insight
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
Insight
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.
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Newest Listings in Mentor-on-the-Lake, OH
What homes are available in Mentor-on-the-Lake, OH?
$1,781 Closing Credit¹
#5104214, William A Bissett, Listing Office: HomeSmart Real Estate Momentum LLC
Backup offers
$3,324 Closing Credit¹
#5103484, Michael A Henry, Listing Office: EXP Realty, LLC.
$3,194 Closing Credit¹
#5103028, Greg Cosgriff, Listing Office: HomeSmart Real Estate Momentum LLC
$2,493 Closing Credit¹
#5096905, Jamie L Iannetta, Listing Office: Keller Williams Greater Metropolitan
Backup offers
$2,969 Closing Credit¹
#5102378, Claire Jazbec, Listing Office: Keller Williams Greater Cleveland Northeast
$4,382 Closing Credit¹
#5101798, Phillip Harford, Listing Office: McDowell Homes Real Estate Services
$3,560 Closing Credit¹
#5100206, Tami R Pawlyshn, Listing Office: Falvey Realty
Backup offers
$2,363 Closing Credit¹
#5098761, Brittany Neidus, Listing Office: RE/MAX Crossroads Properties
$2,611 Closing Credit¹
#5091405, Michael Kaim, Listing Office: Real of Ohio
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MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 03/01/2023 - 03/01/2025
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.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.