In November 2020, there were four homes sold, with a median sale price of $524,500 - a 52% increase over the $345,000 median sale price for the same period of the previous year. There were two homes sold in Gates Mills in November 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 November 2020.
The following table compares Gates Mills to other Cuyahoga County cities with similar median sales prices in November 2020:
| City | Nov. 2020 Home Sales | Nov. 2019 Home Sales | % change (Total Home Sales) | Nov. 2020 Median Sales Price | Nov. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Orange | 3 | 4 | -25% | $550,000 | $471,250 | 16.7% |
| Gates Mills | 4 | 2 | 100% | $524,500 | $345,000 | 52% |
| Bentleyville | 1 | 0 | - | $520,000 | $0 | - |
| Bratenahl | 6 | 1 | 500% | $475,000 | $350,000 | 35.7% |
| Pepper Pike | 4 | 7 | -42.9% | $460,000 | $399,000 | 15.3% |
| Beachwood | 9 | 4 | 125% | $325,000 | $385,000 | -15.6% |
| Chagrin Falls | 9 | 7 | 28.6% | $315,000 | $485,000 | -35.1% |
| Mayfield | 7 | 3 | 133.3% | $282,000 | $242,500 | 16.3% |
| Moreland Hills | 4 | 2 | 100% | $281,000 | $561,604.50 | -50% |
| Solon | 22 | 12 | 83.3% | $275,750 | $235,500 | 17.1% |
| Brecksville | 20 | 12 | 66.7% | $263,750 | $215,000 | 22.7% |
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