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Gates Mills, Ohio Land Market Statistics

Comprehensive market data and analysis• Updated Dec 2025

Active Listings
2
Sold (12M)
3
Median Price
$475K
Market Condition
Strong Buyer's Market

Gates Mills, Ohio Market Meter

Buyer'sSeller's
Strong Buyer's Market

999.0 months of supply

High inventory favors buyers with more choices and negotiating power.

Market Overview

Median Price
$475K
Avg Price/Acre
$78K
Avg Days on Market
118
Months of Supply
999.0
YoY Price Change
-
New Listings (3M)
1

Land Market Data by Acreage

Data Type:
View:
Acreage30D3M6M12M
0-1 acres----
1-2 acres----
2-5 acres----
5-10 acres--12
10-20 acres--11
20-50 acres----
50-100 acres----
100+ acres----
TOTAL0023
📊 Sold Counts: The total number of land parcels that sold during each time period.How to read: If "5-10 acres" shows 25 under "30D", that means 25 parcels between 5-10 acres sold in the last 30 days. The "3M" column shows sales from the last 3 months, "12M" shows the full year, etc.Higher numbers = active market with lots of buyers. Lower numbers = slower market with fewer sales.

Market Trends & Analysis

Inventory by Acreage (12 Months)

Sold
For Sale
5-10 acres2 sold / 1 listed
10-20 acres1 sold / 1 listed

Median Price by Acreage

$0$240K$480K
5- 10
10- 20

Acreage buckets

Key Market Indicators

Total Sales Volume
$1.4M
Last 12 months
Active Listings
2
Current inventory
Avg Days on Market
118
Time to sell
Price Trend (YoY)
-
Year over year

Gates Mills, Ohio Land Market Analysis

How much is land worth in Gates Mills, Ohio?

The median price for land in Gates Mills, Ohio is currently $78K per acre. For a typical parcel, the median sale price is $475K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $455K while premium lots reached $503K.

What is the total land for sale in Gates Mills, Ohio?

There are currently 2 active listings in Gates Mills, Ohio. 1 new listings have hit the market in the last 90 days. The median asking price is $645K.

What is the average price per acre in Gates Mills, Ohio?

Land in Gates Mills, Ohio averages $63K per acre. The median price per acre is $78K, which may be more representative of typical transactions. Most parcels sold are around 6.6 acres.

Is now a good time to invest in land in Gates Mills, Ohio?

The top-performing broker in this market is Howard Hanna.

What is the total amount sold in Gates Mills, Ohio last year?

Over the past 12 months, Gates Mills, Ohio saw 3 properties sold, totaling $1.4M in sales volume.

How long does it take to sell land in Gates Mills, Ohio?

Land in Gates Mills, Ohio typically sells within 118 days of listing. The median time on market is 118 days. Properties are moving at a moderate pace in the current strong buyer's market.

What is the median land price in Gates Mills, Ohio?

The median land price in Gates Mills, Ohio stands at $475K. This translates to roughly $78K per acre for the typical parcel size. The average price is $478K, indicating some higher-priced properties pulling up the average.

Data Sources & Accuracy

Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.

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