From January through June of 2017, there were 21 homes sold, with a median sale price of $390,000 - a 29.1% decrease over the $550,000 median sale price for the same period of the previous year. There were nine homes sold in Gates Mills in the first half of 2016.
The median sales tax in Gates Mills for the most recent year with available data, 2016, was $14,239, approximately 3.7% of the median home sale price for the first half of 2017.
The following table compares Gates Mills to other Cuyahoga County cities with similar median sales prices in the first half of 2017:
| City | Jan. - June 2017 Home Sales | Jan. - June 2016 Home Sales | % change (Total Home Sales) | Jan. - June 2017 Median Sales Price | Jan. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Moreland Hills | 21 | 17 | 23.5% | $405,000 | $320,000 | 26.6% |
| Bentleyville | 8 | 2 | 300% | $398,500 | $353,500 | 12.7% |
| Pepper Pike | 48 | 33 | 45.5% | $390,000 | $419,000 | -6.9% |
| Gates Mills | 21 | 9 | 133.3% | $390,000 | $550,000 | -29.1% |
| Orange | 15 | 21 | -28.6% | $340,000 | $252,000 | 34.9% |
| Chagrin Falls | 49 | 27 | 81.5% | $325,000 | $215,000 | 51.2% |
| Solon | 153 | 110 | 39.1% | $266,000 | $233,750 | 13.8% |
| Valley View | 5 | 9 | -44.4% | $259,900 | $220,000 | 18.1% |
| Highland Heights | 47 | 33 | 42.4% | $254,200 | $211,000 | 20.5% |
| Beachwood | 59 | 44 | 34.1% | $246,500 | $226,500 | 8.8% |
| Brecksville | 87 | 64 | 35.9% | $240,000 | $191,750 | 25.2% |
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