From January through March of 2018, there were six homes sold, with a median sale price of $493,500 - a 61.8% increase over the $305,000 median sale price for the same period of the previous year. There were four homes sold in Gates Mills in the first quarter of 2017.
The median sales tax in Gates Mills for the most recent year with available data, 2016, was $14,239, approximately 2.9% of the median home sale price for the first quarter of 2018.
The following table compares Gates Mills to other Cuyahoga County cities with similar median sales prices in the first quarter of 2018:
| City | Jan. - Mar. 2018 Home Sales | Jan. - Mar. 2017 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2018 Median Sales Price | Jan. - Mar. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Gates Mills | 6 | 4 | 50% | $493,500 | $305,000 | 61.8% |
| Bentleyville | 4 | 2 | 100% | $477,500 | $370,000 | 29.1% |
| Moreland Hills | 9 | 6 | 50% | $420,000 | $515,750 | -18.6% |
| Pepper Pike | 21 | 14 | 50% | $375,000 | $335,000 | 11.9% |
| Glenwillow | 1 | 1 | 0% | $308,000 | $200,000 | 54% |
| Beachwood | 23 | 27 | -14.8% | $275,000 | $238,000 | 15.5% |
| Brecksville | 40 | 31 | 29% | $244,450 | $226,000 | 8.2% |
| Chagrin Falls | 18 | 17 | 5.9% | $236,450 | $198,750 | 19% |
| Westlake | 108 | 62 | 74.2% | $233,750 | $195,000 | 19.9% |
| Independence | 18 | 15 | 20% | $225,000 | $219,000 | 2.7% |
| Solon | 49 | 47 | 4.3% | $222,000 | $260,000 | -14.6% |
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