In July 2021, there were five homes sold, with a median sale price of $596,250 - a 11.4% increase over the $535,000 median sale price for the same period of the previous year. There were seven homes sold in Gates Mills in July 2020.
The median sales tax in Gates Mills for the most recent year with available data, 2019, was $13,801, approximately 2.3% of the median home sale price for July 2021.
The following table compares Gates Mills to other Cuyahoga County cities with similar median sale prices in July 2021:
| City | July 2021 Home Sales | July 2020 Home Sales | % change (Total Home Sales) | July 2021 Median Sales Price | July 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hunting Valley | 1 | 0 | - | $2,600,000 | $0 | - |
| Bentleyville | 2 | 2 | 0% | $1,127,500 | $786,375 | 43.4% |
| Moreland Hills | 3 | 8 | -62.5% | $830,000 | $257,750 | 222% |
| Gates Mills | 5 | 7 | -28.6% | $596,250 | $535,000 | 11.4% |
| Pepper Pike | 9 | 12 | -25% | $504,000 | $452,500 | 11.4% |
| Chagrin Falls | 10 | 8 | 25% | $410,000 | $235,000 | 74.5% |
| Orange | 4 | 6 | -33.3% | $387,450 | $298,500 | 29.8% |
| Beachwood | 13 | 12 | 8.3% | $386,500 | $308,500 | 25.3% |
| Highland Heights | 11 | 11 | 0% | $370,000 | $180,000 | 105.6% |
| Rocky River | 31 | 32 | -3.1% | $367,500 | $250,000 | 47% |
| Brecksville | 17 | 21 | -19% | $365,000 | $251,000 | 45.4% |
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