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Featured local agent — Gates Mills, OH
Sarah Mitchell
Compass Real Estate · Gates Mills, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gates Mills, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$987,500median sale price
How is the Gates Mills, OH housing market right now?
The median home sale price in Gates Mills, OH is $987,500, up 119.4% year-over-year. Homes sell in an average of 136 days with 14 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Gates Mills a buyer's or seller's market?
Gates Mills, OH is currently a leaning buyer's, based on 7.0 months of supply and homes selling in about 136 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
136
Average pace
Active listings
14
7.0 months supply
Sale-to-list
101.7%
Above asking
What does the Gates Mills housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $987,500 |
| Median list price | $1.20M |
| Year-over-year price change | +119.4% |
| Average days on market | 136 days |
| Active inventory | 14 listings |
| Months of supply | 7.0 months |
| Sale-to-list price ratio | 101.7% |
| Median price per sq ft | $240/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 3 |
| Listings with a price cut | 14.3% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Gates Mills by property type?
How the Gates Mills, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $987,500 | $240/sq ft | 2 | 136 days |
Source: Redfin · Updated monthly
The Gates Mills housing market is currently classified as a leaning buyer's with a median sale price of $987,500. Prices have risen 119.4% compared to last year, with homes spending an average of 136 days on market, indicating 7.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.5x provides context for how home values compare to local earning capacity.
Homes for sale in Gates Mills
There are currently 14 homes listed for sale in Gates Mills, Ohio. The median listing price is $1.2M.
Active listings
14
Homes on market
Median list price
$1.2M
Avg. days on market
136
Days until sale
New this week
3
Newly listed
Who lives in Gates Mills?
Population
2,192
Median income
$175,833/yr
Median age
51.7 years
Owner-occupied
94.3%
College grads
74.5%
Avg commute
19.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Gates Mills?
Zillow home value
$794,544
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in Gates Mills?
Gates Mills is a community of approximately 2K residents with a median age of 51.7 years.The median household income is $175,833, which reflects a relatively affluent area with strong earning potential. 74.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 94.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 19.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Gates Mills offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Gates Mills?
1 schools tracked · 114 students
The largest public schools serving Gates Mills, OH by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Gates Mills Elementary School
Grades K-5 · 114 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Gates Mills, OH?
Want a head-to-head view? Compare Gates Mills side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Gates Mills?
The median home sale price in Gates Mills is $987,500, up 119.4% from last year.
How long do homes stay on market in Gates Mills?
Homes typically spend 136 days on market before going under contract.
What is the median income in Gates Mills?
The median household income is $175,833 per year.
Is Gates Mills a buyer's or seller's market?
With 7.0 months of supply, Gates Mills is currently a leaning buyer's.
What is the Zillow home value estimate for Gates Mills?
The Zillow Home Value Index (ZHVI) for Gates Mills is $794,544, representing the typical home value in the area.
How much does a single-family home cost in Gates Mills?
The median single-family home price in Gates Mills, OH is $987,500 (about $240 per square foot).
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