From January through June of 2021, there were 29 homes sold, with a median sale price of $490,000 - a 22.5% increase over the $399,999 median sale price for the same period of the previous year. There were 21 homes sold in Gates Mills in the first half of 2020.
The median sales tax in Gates Mills for the most recent year with available data, 2019, was $13,801, approximately 2.8% of the median home sale price for the first half of 2021.
The following table compares Gates Mills to other Cuyahoga County cities with similar median sale prices in the first half of 2021:
| City | Jan. - June 2021 Home Sales | Jan. - June 2020 Home Sales | % change (Total Home Sales) | Jan. - June 2021 Median Sales Price | Jan. - June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hunting Valley | 4 | 3 | 33.3% | $1,518,300 | $2,500,000 | -39.3% |
| Bentleyville | 10 | 9 | 11.1% | $639,500 | $520,000 | 23% |
| Pepper Pike | 55 | 37 | 48.6% | $507,000 | $466,670 | 8.6% |
| Gates Mills | 29 | 21 | 38.1% | $490,000 | $399,999 | 22.5% |
| Moreland Hills | 36 | 29 | 24.1% | $443,000 | $345,000 | 28.4% |
| Orange | 24 | 21 | 14.3% | $440,000 | $305,200 | 44.2% |
| Chagrin Falls | 53 | 32 | 65.6% | $425,000 | $321,500 | 32.2% |
| Solon | 156 | 135 | 15.6% | $322,500 | $305,000 | 5.7% |
| Valley View | 8 | 6 | 33.3% | $320,875 | $237,500 | 35.1% |
| Beachwood | 93 | 59 | 57.6% | $315,000 | $330,000 | -4.5% |
| Bratenahl | 20 | 23 | -13% | $297,500 | $168,000 | 77.1% |
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