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From April through June of 2021, there were 12 homes sold, with a median sale price of $570,000 - a 25.3% increase over the $455,000 median sale price for the same period of the previous year. There were 15 homes sold in Gates Mills in the second quarter of 2020.
The median sales tax in Gates Mills for the most recent year with available data, 2019, was $13,801, approximately 2.4% of the median home sale price for the second quarter of 2021.
The following table compares Gates Mills to other Cuyahoga County cities with similar median sale prices in the second quarter of 2021:
| City | Apr. - June 2021 Home Sales | Apr. - June 2020 Home Sales | % change (Total Home Sales) | Apr. - June 2021 Median Sales Price | Apr. - June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hunting Valley | 2 | 2 | 0% | $1,518,300 | $1,737,500 | -12.6% |
| Bentleyville | 6 | 7 | -14.3% | $682,500 | $520,000 | 31.3% |
| Moreland Hills | 17 | 21 | -19% | $625,000 | $340,000 | 83.8% |
| Gates Mills | 12 | 15 | -20% | $570,000 | $455,000 | 25.3% |
| Pepper Pike | 37 | 28 | 32.1% | $535,000 | $478,335 | 11.8% |
| Orange | 10 | 12 | -16.7% | $505,000 | $315,150 | 60.2% |
| Chagrin Falls | 27 | 22 | 22.7% | $435,500 | $326,500 | 33.4% |
| Highland Heights | 25 | 26 | -3.8% | $350,000 | $235,500 | 48.6% |
| Valley View | 7 | 3 | 133.3% | $341,000 | $81,961 | 316.1% |
| Beachwood | 63 | 31 | 103.2% | $325,500 | $311,000 | 4.7% |
| Rocky River | 87 | 76 | 14.5% | $317,000 | $262,500 | 20.8% |
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