In July 2020, there were seven homes sold, with a median sale price of $535,000 - a 8.1% increase over the $495,000 median sale price for the same period of the previous year. There were three homes sold in Gates Mills in July 2019.
The median sales tax in Gates Mills for the most recent year with available data, 2019, was $13,801, approximately 2.6% of the median home sale price for July 2020.
The following table compares Gates Mills to other Cuyahoga County cities with similar median sales prices in July 2020:
| City | July 2020 Home Sales | July 2019 Home Sales | % change (Total Home Sales) | July 2020 Median Sales Price | July 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Bentleyville | 2 | 1 | 100% | $786,375 | $550,000 | 43% |
| Gates Mills | 7 | 3 | 133.3% | $535,000 | $495,000 | 8.1% |
| Pepper Pike | 12 | 10 | 20% | $452,500 | $535,000 | -15.4% |
| Glenwillow | 1 | 0 | - | $345,000 | $0 | - |
| Beachwood | 12 | 13 | -7.7% | $308,500 | $350,000 | -11.9% |
| Solon | 47 | 35 | 34.3% | $300,000 | $320,000 | -6.3% |
| Orange | 6 | 4 | 50% | $298,500 | $391,325 | -23.7% |
| Bay Village | 28 | 31 | -9.7% | $282,500 | $267,000 | 5.8% |
| Mayfield | 4 | 4 | 0% | $272,500 | $335,500 | -18.8% |
| Moreland Hills | 8 | 4 | 100% | $257,750 | $639,087.50 | -59.7% |
| Broadview Heights | 35 | 18 | 94.4% | $255,400 | $238,500 | 7.1% |
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