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Downtown Mayfield Heights (The Retail District) Hunters Woods

GATES MILLS, OH 44040

Real Estate Market Report  ·  Cuyahoga County
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 44040

Downtown Mayfield Heights (The Retail District) · Hunters Woods

Market Analysis

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

The GATES MILLS, OH real estate market (44040) currently shows 11 active listings, with 1 pending sales. Homes are averaging 113 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 113 days on market compared to 124 days last year.

The median listing price has fallen 34.5% year-over-year, from $1,908,750 to $1,250,000.

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
11
vs 11 last year
Pending
1
9% pending ratio
Median Price
$1,250,000
⇩ 34.5% vs $1,908,750 last year
Average Price
$1,492,066
⇩ 57.3% vs $3,492,786 last year
Days on Market
113
⇩ 8.9% vs 124 days last year

Price Per Square Foot

Median $/sqft
$198
⇩ 34.9% vs $304/sqft last year
Median Home Size
6,436 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 113 now vs 124 last year

Median & Average Pricing

Year over Year
  • Median: $1,250,000 (-34.5% YoY)
  • Average: $1,492,066 (-57.3% 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 — 814 listings ($308,817,496 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
44040Gates Mills, OH 440400.0 mi10$16,342,110$1,274,500$1,634,211
44143Cleveland, OH 441433.6 mi46$18,943,076$334,500$411,806
44092Wickliffe, OH 440925.5 mi44$12,969,748$225,000$294,767
44022Chagrin Falls, OH 440225.8 mi39$80,504,190$847,385$2,064,210
44121Cleveland, OH 441216.3 mi106$23,038,146$194,700$217,341
44122Beachwood, OH 441226.7 mi84$32,314,800$284,900$384,700
44123Euclid, OH 441237.7 mi51$7,001,637$139,900$137,287
44119Cleveland, OH 441198.0 mi28$4,323,172$149,900$154,399
44095Eastlake, OH 440958.5 mi78$20,375,706$215,000$261,227
44128Cleveland, OH 441289.3 mi103$14,837,047$129,900$144,049
44065Newbury, OH 440659.9 mi6$5,849,880$765,000$974,980
44108Cleveland, OH 4410810.3 mi85$15,756,450$105,000$185,370
44060Mentor, OH 4406011.0 mi134$56,561,534$289,900$422,101

Frequently Asked Questions

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

As of February 2026, there are 11 active listings in GATES MILLS, OH (zip code 44040), compared to 11 the prior year.

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

The median listing price in GATES MILLS, OH 44040 is $1,250,000 as of February 2026, a 34.5% decrease from $1,908,750 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 113 days on the market before going under contract, compared to 124 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 February 2026, GATES MILLS, OH 44040 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 113 days on market compared to 124 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 $25,000 compared to a typical 5% commission on the median listing price of $1,250,000. 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.