The median sale price of a home sold in April 2020 in Gates Mills rose by $60,000 while total sales remained unchanged with three homes sold, according to BlockShopper.com.
In April 2020, there were three homes sold, with a median sale price of $500,000 - a 13.6% increase over the $440,000 median sale price for the same period of the previous year. There were three homes sold in Gates Mills in April 2019, as well.
The median sales tax in Gates Mills for the most recent year with available data, 2016, was $14,239, approximately 2.8% of the median home sale price for April 2020.
The following table compares Gates Mills to other Cuyahoga County cities with similar median sales prices in April 2020:
| City | Apr. 2020 Home Sales | Apr. 2019 Home Sales | % change (Total Home Sales) | Apr. 2020 Median Sales Price | Apr. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hunting Valley | 1 | 2 | -50% | $975,000 | $1,275,000 | -23.5% |
| Bentleyville | 4 | 1 | 300% | $510,000 | $439,000 | 16.2% |
| Gates Mills | 3 | 3 | 0% | $500,000 | $440,000 | 13.6% |
| Pepper Pike | 8 | 14 | -42.9% | $492,500 | $444,500 | 10.8% |
| Moreland Hills | 5 | 9 | -44.4% | $482,500 | $450,000 | 7.2% |
| Mayfield | 3 | 2 | 50% | $355,000 | $135,000 | 163% |
| Chagrin Falls | 4 | 13 | -69.2% | $317,500 | $190,000 | 67.1% |
| Glenwillow | 1 | 0 | - | $294,500 | $0 | - |
| Orange | 8 | 5 | 60% | $292,600 | $356,000 | -17.8% |
| Solon | 35 | 30 | 16.7% | $291,000 | $307,000 | -5.2% |
| Brooklyn Heights | 1 | 3 | -66.7% | $285,000 | $115,000 | 147.8% |
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