From July through December of 2018, there were 13 homes sold, with a median sale price of $360,000 - a 38.3% decrease over the $583,775 median sale price for the same period of the previous year. There were 21 homes sold in Gates Mills in the second half of 2017.
The median sales tax in Gates Mills for the most recent year with available data, 2016, was $14,239, approximately 4% of the median home sale price for the second half of 2018.
The following table compares Gates Mills to other Cuyahoga County cities with similar median sales prices in the second half of 2018:
| City | July - Dec. 2018 Home Sales | July - Dec. 2017 Home Sales | % change (Total Home Sales) | July - Dec. 2018 Median Sales Price | July - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hunting Valley | 4 | 10 | -60% | $1,185,000 | $1,085,000 | 9.2% |
| Moreland Hills | 39 | 40 | -2.5% | $473,500 | $347,450 | 36.3% |
| Bentleyville | 4 | 7 | -42.9% | $466,000 | $515,000 | -9.5% |
| Pepper Pike | 63 | 51 | 23.5% | $435,000 | $400,000 | 8.8% |
| Gates Mills | 13 | 21 | -38.1% | $360,000 | $583,775 | -38.3% |
| Orange | 43 | 24 | 79.2% | $279,900 | $292,500 | -4.3% |
| Solon | 182 | 187 | -2.7% | $275,000 | $273,000 | 0.7% |
| Glenwillow | 6 | 6 | 0% | $275,000 | $236,750 | 16.2% |
| Beachwood | 97 | 95 | 2.1% | $270,000 | $247,000 | 9.3% |
| Bay Village | 158 | 180 | -12.2% | $253,899.50 | $229,625 | 10.6% |
| Highland Heights | 61 | 75 | -18.7% | $237,500 | $260,000 | -8.7% |
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