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Multi-family Foreclosures in Gates Mills, OH

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Gates Mills, OH Foreclosures

How much do homes sell for in Gates Mills, OH?
The average home price is currently $878,614.
In Gates Mills, OH, how many homes are available?
There are currently 342 active home listings available in Gates Mills.
What’s the average rental cost in Gates Mills, OH?
The average rental price in Gates Mills is $2,210.
What is the most expensive home in Gates Mills?
The most expensive home sold in Gates Mills had a price of $9,463,400.
What is currently the cheapest priced home in Gates Mills, OH?
The cheapest home for sale in Gates Mills is priced at $33,479.

Living in Gates Mills, OH

Gates Mills, OH is an affluent suburb known for its natural beauty and community-oriented lifestyle. The village features beautiful parks and trails, making it a haven for outdoor enthusiasts. With excellent schools and proximity to Cleveland, Gates Mills offers a balanced lifestyle perfect for families and individuals alike.

Current Market Conditions in Gates Mills, OH

The real estate market in Gates Mills remains robust, with a healthy demand for homes amidst a limited supply. As of last month, prices have seen a steady rise, reflecting the area's desirability and the quality of life it offers. Buyers are particularly drawn to the spacious properties and scenic backdrops that define the neighborhood.

In recent months, the trend of urban dwellers seeking more space in suburban areas has positively impacted the real estate market. Gates Mills properties are averaging higher prices compared to last year, indicating a strong preference for the rural charm blended with accessibility to city amenities. Overall, the market is favoring sellers, yet buyers are still finding value in the investment opportunities within this upscale community.

Home Value Estimator For Gates Mills, OH

There are currently 1,415 real estate properties in Gates Mills, OH, with a median automated valuation model (AVM) price of $703,455.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gates Mills, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Gates Mills, OH, is $878,614.00, with the most expensive house in Gates Mills, OH, topping out at $9,463,400.00 and the cheapest home in Gates Mills, OH, clocking in at $33,479.00. In other words, there’s something for every potential homebuyer or savvy investor in Gates Mills, OH!

Rent Prices In Gates Mills, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gates Mills, OH, is on a rollercoaster ride. The average rent price in Gates Mills, OH, is $2,210.00. Indeed, when looking to rent in Gates Mills, OH, you can expect to pay as little as $940.00 or as much as $3,500.00, with the average rent median estimated to be $2,150.00. The good news is that finding an affordable and desirable property to rent in Gates Mills, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Gates Mills, OH Multi-family Homes


Market Trend for Gates Mills, OH

Total Listings Available: 342

Market Values:

Home Prices from $33,479 to $9,463,400

Average Sales Price: $878,614

Rental Values:

Rental from $940 to $3,500

Average Rent Value: $2,210 / month

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