From April through June of 2018, there were 14 homes sold, with a median sale price of $401,500 - a 14.5% decrease over the $469,500 median sale price for the same period of the previous year. There were 17 homes sold in Gates Mills in the second quarter of 2017.
The median sales tax in Gates Mills for the most recent year with available data, 2016, was $14,239, approximately 3.5% of the median home sale price for the second quarter of 2018.
The following table compares Gates Mills to other Cuyahoga County cities with similar median sales prices in the second quarter of 2018:
| City | Apr. - June 2018 Home Sales | Apr. - June 2017 Home Sales | % change (Total Home Sales) | Apr. - June 2018 Median Sales Price | Apr. - June 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hunting Valley | 3 | 0 | - | $1,075,000 | $0 | - |
| Gates Mills | 14 | 17 | -17.6% | $401,500 | $469,500 | -14.5% |
| Pepper Pike | 23 | 34 | -32.4% | $382,000 | $410,000 | -6.8% |
| Orange | 22 | 10 | 120% | $359,750 | $388,000 | -7.3% |
| Moreland Hills | 17 | 15 | 13.3% | $334,000 | $400,000 | -16.5% |
| Chagrin Falls | 36 | 32 | 12.5% | $326,500 | $333,750 | -2.2% |
| Solon | 102 | 106 | -3.8% | $315,000 | $267,000 | 18% |
| Glenwillow | 3 | 0 | - | $313,000 | $0 | - |
| Bratenahl | 15 | 7 | 114.3% | $300,000 | $130,000 | 130.8% |
| Bentleyville | 3 | 6 | -50% | $270,000 | $508,500 | -46.9% |
| Beachwood | 57 | 32 | 78.1% | $265,000 | $292,025 | -9.3% |
Alerts Sign-up