In July 2017, there were three homes sold, with a median sale price of $754,000 - a 0.5% increase over the $750,000 median sale price for the same period of the previous year. There were five homes sold in Gates Mills in July 2016.
The median sales tax in Gates Mills for the most recent year with available data, 2016, was $14,239, approximately 1.9% of the median home sale price for July 2017.
The following table compares Gates Mills to other Cuyahoga County cities with similar median sales prices in July 2017:
| City | July 2017 Home Sales | July 2016 Home Sales | % change (Total Home Sales) | July 2017 Median Sales Price | July 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Gates Mills | 3 | 5 | -40% | $754,000 | $750,000 | 0.5% |
| Moreland Hills | 10 | 4 | 150% | $547,500 | $281,000 | 94.8% |
| Pepper Pike | 13 | 10 | 30% | $529,000 | $422,500 | 25.2% |
| Solon | 46 | 28 | 64.3% | $358,050 | $321,500 | 11.4% |
| Chagrin Falls | 9 | 3 | 200% | $300,000 | $522,500 | -42.6% |
| Bratenahl | 2 | 7 | -71.4% | $300,000 | $220,000 | 36.4% |
| Highland Heights | 18 | 5 | 260% | $289,750 | $345,000 | -16% |
| Valley View | 7 | 1 | 600% | $276,000 | $150,000 | 84% |
| Orange | 2 | 4 | -50% | $272,725 | $182,050 | 49.8% |
| Independence | 5 | 7 | -28.6% | $268,000 | $230,000 | 16.5% |
| Rocky River | 31 | 26 | 19.2% | $250,000 | $201,925 | 23.8% |
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