From January through December of 2020, there were 42 homes sold, with a median sale price of $452,500 - a 10% increase over the $411,250 median sale price for the previous year. There were 30 homes sold in Gates Mills in 2019.
The median sales tax in Gates Mills for the most recent year with available data, 2019, was $13,801, approximately 3% of the median home sale price for 2020.
The following table compares Gates Mills to other Cuyahoga County cities with similar median sale prices in 2020:
| City | Jan. - Dec. 2020 Home Sales | Jan. - Dec. 2019 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2020 Median Sales Price | Jan. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hunting Valley | 3 | 10 | -70% | $2,500,000 | $1,162,500 | 115.1% |
| Bentleyville | 15 | 7 | 114.3% | $585,000 | $550,000 | 6.4% |
| Pepper Pike | 87 | 116 | -25% | $470,000 | $448,750 | 4.7% |
| Gates Mills | 42 | 30 | 40% | $452,500 | $411,250 | 10% |
| Moreland Hills | 58 | 62 | -6.5% | $377,500 | $410,593.50 | -8.1% |
| Glenwillow | 6 | 6 | 0% | $332,500 | $329,799.50 | 0.8% |
| Chagrin Falls | 88 | 104 | -15.4% | $321,500 | $290,000 | 10.9% |
| Orange | 52 | 65 | -20% | $318,500 | $357,000 | -10.8% |
| Solon | 325 | 365 | -11% | $300,000 | $292,000 | 2.7% |
| Beachwood | 142 | 160 | -11.3% | $296,000 | $300,000 | -1.3% |
| Brecksville | 174 | 219 | -20.5% | $280,000 | $242,000 | 15.7% |
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