The median sale price of a home sold in April 2021 in Gates Mills rose by $5,000 while total sales decreased by 33.3%, according to BlockShopper.com.
In April 2021, there were two homes sold, with a median sale price of $505,000 - a 1% increase over the $500,000 median sale price for the same period of the previous year. There were three homes sold in Gates Mills in April 2020.
The median sales tax in Gates Mills for the most recent year with available data, 2019, was $13,801, approximately 2.7% of the median home sale price for April 2021.
The following table compares Gates Mills to other Cuyahoga County cities with similar median sale prices in April 2021:
| City | Apr. 2021 Home Sales | Apr. 2020 Home Sales | % change (Total Home Sales) | Apr. 2021 Median Sales Price | Apr. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Bentleyville | 1 | 4 | -75% | $765,000 | $510,000 | 50% |
| Moreland Hills | 4 | 5 | -20% | $677,500 | $482,500 | 40.4% |
| Pepper Pike | 11 | 8 | 37.5% | $550,000 | $492,500 | 11.7% |
| Chagrin Falls | 11 | 4 | 175% | $549,000 | $317,500 | 72.9% |
| Gates Mills | 2 | 3 | -33.3% | $505,000 | $500,000 | 1% |
| Orange | 2 | 8 | -75% | $501,000 | $292,600 | 71.2% |
| Valley View | 5 | 2 | 150% | $355,000 | $73,480.50 | 383.1% |
| Highland Heights | 7 | 10 | -30% | $320,000 | $235,500 | 35.9% |
| Solon | 19 | 35 | -45.7% | $320,000 | $291,000 | 10% |
| Brecksville | 14 | 15 | -6.7% | $308,750 | $259,900 | 18.8% |
| Bay Village | 23 | 26 | -11.5% | $302,000 | $257,450 | 17.3% |
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