Housing Prices in Gates Mills, OH
How much do homes in Gates Mills, OH cost?
Median List Price
$732,500
$178/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Gates Mills has decreased by 4.9% since last year.
Summary: The median home list price in Gates Mills was $732,500 in May 2024, down 4.9% from the previous year, and the median price per square foot was $178.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $517K | $795K | +53.8% |
| 3 Bedrooms | $441.2K | $467.5K | +6.0% |
| 4 Bedrooms | $752.5K | $725K | -3.7% |
| 5+ Bedrooms | $867K | $1.0M | +20.2% |
Summary: Gates Mills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 53.8%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 20.2%.
Median List Price Compared To Nearby Cities
| Willoughby Hills | $289K | $344.9K | +19.4% |
| Mayfield Heights | $190K | $225K | +18.4% |
| Mayfield | $350K | $363K | +3.7% |
| Chester Township | $329K | $332.5K | +1.1% |
| Gates Mills | $770K | $732.5K | -4.9% |
Housing Supply in Gates Mills, OH
How many homes are available in Gates Mills, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Summary: The Gates Mills real estate market had 22 homes for sale in May 2024, a 46.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 0 | 5 | +100.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Gates Mills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Days on Market for Gates Mills, OH
How long does it take to sell a home in Gates Mills, OH?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 169 Days | 57 Days | -65.8% |
Summary: Homes in Gates Mills had an average listing age of 57 days in May 2024, down by 65.8% compared to the previous year.
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