Hugo Real Estate Market Report: October 2023
In October 2023, the median sale price in Hugo was $377,500.
- Median Sales Price
- $377,500
- No prior comparison
- Homes for Sale
- 69
- No prior comparison
- Months Supply
- 2.7
- No prior comparison
- Seller's market
- Days on Market
- 58
- No prior comparison
- Closed Sales
- 27
- No prior comparison
- Percent of Original List Received
- 99.3%
- No prior comparison
What this means
The median sale price is currently $377,500.
Homes are averaging 58 days on market, and sellers are receiving 99.3% of their original asking price.
The area is currently a seller's market with 2.7 months of supply. There are currently 69 homes for sale.
In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.
Common questions about the Hugo market
Is Hugo a buyer's or seller's market?
Hugo was a seller's market in October 2023, with 2.7 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 69 homes for sale.
How fast are homes selling in Hugo?
Homes that sold in October 2023 spent an average of 58 days on market. Sellers received 99.3% of their original list price on average.
Market trends in Hugo
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| September 2023 | $443,000 | 27 | 55 | 2.7 |
| October 2023 | $377,500 | 27 | 58 | 2.7 |
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published October 21, 2026.
Report published .
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