In August 2017, there were four homes sold, with a median sale price of $1,012,500 - a 137.7% increase over the $426,000 median sale price for the same period of the previous year. There were three homes sold in Gates Mills in August 2016.
The median sales tax in Gates Mills for the most recent year with available data, 2016, was $14,239, approximately 1.4% of the median home sale price for August 2017.
The following table compares Gates Mills to other Cuyahoga County cities with similar median sales prices in August 2017:
| City | Aug. 2017 Home Sales | Aug. 2016 Home Sales | % change (Total Home Sales) | Aug. 2017 Median Sales Price | Aug. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Gates Mills | 4 | 3 | 33.3% | $1,012,500 | $426,000 | 137.7% |
| Pepper Pike | 13 | 15 | -13.3% | $447,000 | $330,000 | 35.5% |
| Bratenahl | 6 | 3 | 100% | $363,333.50 | $80,000 | 354.2% |
| Moreland Hills | 8 | 9 | -11.1% | $362,450 | $235,000 | 54.2% |
| Beachwood | 23 | 14 | 64.3% | $320,000 | $235,000 | 36.2% |
| Glenwillow | 1 | 0 | - | $284,500 | $0 | - |
| Chagrin Falls | 14 | 12 | 16.7% | $276,500 | $347,500 | -20.4% |
| Highland Heights | 16 | 10 | 60% | $274,500 | $254,950 | 7.7% |
| Orange | 6 | 3 | 100% | $270,000 | $420,000 | -35.7% |
| Solon | 42 | 39 | 7.7% | $265,000 | $278,900 | -5% |
| Bay Village | 35 | 21 | 66.7% | $232,000 | $196,215 | 18.2% |
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