The median sale price of a home sold in April in Gates Mills fell by $228,334 while total sales remained unchanged with two homes sold, according to BlockShopper.com.
In April, there were two homes sold, with a median sale price of $276,666 - a 45.2 percent decrease from the $505,000 median sale price for the same period of the previous year. There were two homes sold in Gates Mills in April 2021, as well.
The median sales tax in Gates Mills for the most recent year with available data, 2019, was $13,801, approximately five percent of the median home sale price for April.
The following table compares Gates Mills to other Cuyahoga County cities with similar median sale prices in April:
| City | April 2022 Home Sales | April 2021 Home Sales | % change (Total Home Sales) | April 2022 Median Sales Price | April 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Rocky River | 16 | 39 | -59 | $338,000 | $290,000 | 16.6 |
| Bay Village | 12 | 23 | -47.8 | $317,762 | $302,000 | 5.2 |
| Chagrin Falls | 6 | 11 | -45.5 | $308,784 | $549,000 | -43.8 |
| Woodmere | 1 | 0 | - | $290,000 | $0 | - |
| Shaker Heights | 24 | 61 | -60.7 | $286,500 | $240,000 | 19.4 |
| Gates Mills | 2 | 2 | 0 | $276,666 | $505,000 | -45.2 |
| Strongsville | 38 | 58 | -34.5 | $270,000 | $250,500 | 7.8 |
| Seven Hills | 12 | 21 | -42.9 | $266,000 | $195,400 | 36.1 |
| Middleburg Heights | 11 | 19 | -42.1 | $260,000 | $192,000 | 35.4 |
| Lakewood | 58 | 85 | -31.8 | $254,000 | $240,000 | 5.8 |
| Walton Hills | 2 | 4 | -50 | $252,500 | $212,000 | 19.1 |
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