#5120875, Abigail Garfield, Listing office: RE/MAX Results
Mentor-on-the-Lake Housing Market Report May 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 May 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 7.8% more than they did a year ago.
Summary: The median home sold price in Mentor-on-the-Lake was $215,500 in May 2025, up 7.8% from last year, and the median price per square foot was $153.
Median Sold Price By Cities
City | May 2024 | May 2025 | Change YoY |
---|---|---|---|
Mentor-on-the-Lake | $200K | $215.5K | +7.8% |
Mentor | $249.9K | $268.6K | +7.5% |
Median Sold Price By Bedrooms
Beds | May 2024 | May 2025 | Change YoY |
---|---|---|---|
11 Bedroom | - | - | N/A |
22 Bedrooms | $180K | $193.5K | +7.5% |
33 Bedrooms | $204.9K | $214.9K | +4.9% |
44 Bedrooms | $278K | $295K | +6.1% |
55+ Bedrooms | - | $180K | N/A |
Summary: Mentor-on-the-Lake housing price by bedroom type for May 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 +7.5%. The home price for 3 bedroom homes increased by +4.9%. The home price for 4 bedroom homes increased by +6.1%. 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 |
---|---|---|
25Last MonthMay 2025 | ||
222 months agoApr 2025 | +13.6 % Change MoMApr – May |
Summary: The Mentor-on-the-Lake real estate market had 25 homes for sale in May 2025, a 13.6 % increase compared to Apr 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
12Last MonthMay 2025 | ||
72 months agoApr 2025 | +71.4 % Change MoMApr – May |
Homes For Sale By Bedroom Count
Beds | Apr 2025 | May 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 4 | 4 | 0.0% |
33 Bedrooms | 16 | 18 | +12.5% |
44 Bedrooms | 2 | 3 | +50.0% |
55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Mentor-on-the-Lake housing inventory by bedroom type for May 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 increased by +12.5%. The inventory for 4 bedroom homes increased by +50.0%. 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 Price3 Homes
At Asking Price1 Home
Under Asking Price8 Homes
If you're buying a home in Mentor-on-the-Lake, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Mentor-on-the-Lake in May 2025, up by 71.4% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% 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 Days5 Homes
30 – 90 Days7 Homes
Over 90 Days0 Home
Avg time on Rocket Homes in Mentor-on-the-Lake has remained consistent over time.
Summary: During May 2025, 12 homes were sold in Mentor-on-the-Lake; 42% of homes were sold within 30 days, 58% 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 |
---|---|---|
38 DaysThis YearMay 2025 | ||
18 Days1 year agoMay 2024 | +108.4 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Mentor-on-the-Lake had an average listing age of 38 days in May 2025, up by 108.4% 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 06/01/2023 - 06/01/2025

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/6/2025, 3:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.