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Monday, December 23, 2024

Gates Mills home prices rose in the first quarter of 2021

Realestate3

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Adobe Stock

The median sale price of a home sold in the first quarter of 2021 in Gates Mills rose by $35,001 while total sales increased by 183.3%, according to BlockShopper.com.

From January through March of 2021, there were 17 homes sold, with a median sale price of $410,000 - a 9.3% increase over the $375,000 median sale price for the same period of the previous year. There were six homes sold in Gates Mills in the first quarter of 2020.

The median sales tax in Gates Mills for the most recent year with available data, 2019, was $13,801, approximately 3.4% of the median home sale price for the first quarter of 2021.

The following table compares Gates Mills to other Cuyahoga County cities with similar median sale prices in the first quarter of 2021:

CityJan. - Mar. 2021 Home SalesJan. - Mar. 2020 Home Sales% change (Total Home Sales)Jan. - Mar. 2021 Median Sales PriceJan. - Mar. 2020 Median Sales Price% change (Median Sales Price)
Hunting Valley21100%$1,196,000$2,600,000-54%
Bentleyville42100%$624,500$745,000-16.2%
Pepper Pike189100%$477,500$414,00015.3%
Gates Mills176183.3%$410,000$374,999.509.3%
Moreland Hills198137.5%$405,500$400,0001.4%
Chagrin Falls2610160%$395,300$308,50028.1%
Orange14955.6%$386,250$295,00030.9%
Solon674839.6%$335,000$280,00019.6%
Valley View13-66.7%$300,750$350,000-14.1%
Beachwood30287.1%$285,000$330,306.50-13.7%
Woodmere110%$280,400$50,000460.8%

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