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Downtown Mayfield Heights (The Retail District) Hunters Woods

GATES MILLS, OH 44040

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 44040

Downtown Mayfield Heights (The Retail District) · Hunters Woods

Market Analysis

Data as of March 2026. Source: Realtor.com.

The GATES MILLS, OH real estate market (44040) currently shows 16 active listings, with 2 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 47 days on market compared to 45 days last year.

The median listing price has fallen 12.5% year-over-year, from $1,500,000 to $1,312,500.

Whether you are buying or selling in GATES MILLS, OH, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 3,031  ·  Density: 119.2/mi²  ·  Median household income: $198,750

Typical home value: $471,911  ·  Homeownership: 94.1%

Market Overview

Active Listings
16
⇧ 23.1% vs 13 last year
Pending
2
13% pending ratio
Median Price
$1,312,500
⇩ 12.5% vs $1,500,000 last year
Average Price
$2,016,262
⇩ 14.9% vs $2,370,286 last year
Days on Market
47
⇧ 4.4% vs 45 days last year

Price Per Square Foot

Median $/sqft
$212
⇩ 20.3% vs $266/sqft last year
Median Home Size
6,836 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 16 this year vs 13 last year
  • Days on market: 47 now vs 45 last year

Median & Average Pricing

Year over Year
  • Median: $1,312,500 (-12.5% YoY)
  • Average: $2,016,262 (-14.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.0 miles — 800 listings ($321,980,072 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
44040Gates Mills, OH 440400.0 mi11$16,412,726$1,250,000$1,492,066
44143Cleveland, OH 441433.6 mi36$13,015,980$314,950$361,555
44092Wickliffe, OH 440925.5 mi34$10,273,950$217,500$302,175
44022Chagrin Falls, OH 440225.8 mi46$92,951,786$958,750$2,020,691
44121Cleveland, OH 441216.3 mi106$23,200,432$199,450$218,872
44122Beachwood, OH 441226.7 mi88$35,711,632$303,650$405,814
44123Euclid, OH 441237.7 mi48$6,611,136$136,250$137,732
44119Cleveland, OH 441198.0 mi30$4,460,940$145,000$148,698
44095Eastlake, OH 440958.5 mi78$21,241,350$243,875$272,325
44128Cleveland, OH 441289.3 mi106$13,784,028$118,450$130,038
44065Newbury, OH 440659.9 mi5$6,126,040$1,166,250$1,225,208
44108Cleveland, OH 4410810.3 mi89$22,104,040$109,925$248,360
44060Mentor, OH 4406011.0 mi123$56,086,032$310,950$455,984

Frequently Asked Questions

How many homes are for sale in GATES MILLS, OH 44040?

As of March 2026, there are 16 active listings in GATES MILLS, OH (zip code 44040), compared to 13 the prior year.

What is the median home price in GATES MILLS, OH 44040?

The median listing price in GATES MILLS, OH 44040 is $1,312,500 as of March 2026, a 12.5% decrease from $1,500,000 the prior year.

How long do homes stay on the market in GATES MILLS, OH?

Homes in GATES MILLS, OH 44040 spend an average of 47 days on the market before going under contract, compared to 45 days the prior year.

Is it a seller's or buyer's market in GATES MILLS, OH 44040?

Based on current inventory and days-on-market data as of March 2026, GATES MILLS, OH 44040 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 47 days on market compared to 45 days last year.

How much can I save on real estate commission in GATES MILLS, OH?

With SELL123.com's maximum 3% commission, sellers in GATES MILLS, OH 44040 save an estimated $26,250 compared to a typical 5% commission on the median listing price of $1,312,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.