Searchnreal estate properties, and homes for sale in Gates Mills, Ohio with Adam Kaufman.
Gates Mills, MA Housing Market Trends (courtesy of Redfin)
As of June 2024, home prices in Gates Mills experienced a significant decline, dropping by 38.5% compared to the previous year. This sharp decrease brought the median selling price down to $615,000. The decline in property values indicates a substantial shift in the local real estate market for Gates Mills Ohio homes for sale, reflecting broader economic conditions or changes in buyer behavior. Such a notable reduction in home prices may influence both current homeowners and prospective buyers as they navigate the evolving market dynamics in Gates Mills.
The Gates Mills housing market is somewhat competitive, with noticeable changes in pricing over the past year. Last month, the median sale price of a home in Gates Mills was $615,000, reflecting a significant decline of 38.5% compared to the previous year. Additionally, the median sale price per square foot dropped to $215, marking a 5.3% decrease since last year. These shifts in the market underscore the evolving dynamics in Gates Mills homes for sale, impacting both property values and the competitiveness of home sales in the area.
Among those interested in houses for sale in Gates Mills, Ohio, 21% of homebuyers searched to move out of Gates Mills, while 79% preferred to stay within the metropolitan area. New York homebuyers showed the highest interest in moving into Gates Mills, followed by those from Wheeling and Los Angeles. Conversely, Columbus emerged as the most popular destination for Gates Mills homebuyers, with Youngstown and Cape Coral following closely behind.
Browse Gates Mills Single Family Homes
In Gates Mills OH, home prices can vary widely, with an average listing price of approximately $800,000. Prices in Gates Mills, OH fluctuate based on factors such as property size, location, and amenities.
Gates Mills Ohio features several sought-after neighborhoods, such as Pepper Pike, Moreland Hills, Hunting Valley, Chagrin Falls, and Shaker Heights, each boasting its own distinct charm and appeal.
Gates Mills boasts picturesque landscapes, rich historical landmarks, and abundant outdoor recreational options. Residents appreciate its proximity to the scenic Chagrin River, numerous parks, vibrant cultural events, and diverse restaurants in Gates Mills Ohio.
The Gates Mills real estate market offers a blend of historic homes, expansive estates, contemporary luxury properties, and Gates Mills apartments. Prospective buyers can choose from sprawling countryside estates to charming family residences.
The city of Gates Mills Ohio benefits from the presence of the esteemed Hawken School, renowned for its exceptional academic offerings and close-knit community. Nearby educational options also include Gilmour Academy and University School.
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