From January through June of 2018, there were 20 homes sold, with a median sale price of $420,000 - a 7.7% increase over the $390,000 median sale price for the same period of the previous year. There were 21 homes sold in Gates Mills in the first half of 2017.
The median sales tax in Gates Mills for the most recent year with available data, 2016, was $14,239, approximately 3.4% of the median home sale price for the first half of 2018.
The following table compares Gates Mills to other Cuyahoga County cities with similar median sales prices in the first half of 2018:
| City | Jan. - June 2018 Home Sales | Jan. - June 2017 Home Sales | % change (Total Home Sales) | Jan. - June 2018 Median Sales Price | Jan. - June 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hunting Valley | 3 | 0 | - | $1,075,000 | $0 | - |
| Bentleyville | 7 | 8 | -12.5% | $470,000 | $398,500 | 17.9% |
| Gates Mills | 20 | 21 | -4.8% | $420,000 | $390,000 | 7.7% |
| Pepper Pike | 44 | 48 | -8.3% | $378,500 | $390,000 | -2.9% |
| Moreland Hills | 26 | 21 | 23.8% | $364,000 | $405,000 | -10.1% |
| Glenwillow | 4 | 1 | 300% | $310,500 | $200,000 | 55.3% |
| Orange | 38 | 15 | 153.3% | $310,000 | $340,000 | -8.8% |
| Bratenahl | 28 | 15 | 86.7% | $291,500 | $150,000 | 94.3% |
| Chagrin Falls | 54 | 49 | 10.2% | $290,000 | $325,000 | -10.8% |
| Solon | 151 | 153 | -1.3% | $287,000 | $266,000 | 7.9% |
| Beachwood | 80 | 59 | 35.6% | $273,000 | $246,500 | 10.8% |
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