Hugo Real Estate Market Report: April 2025
In April 2025, the median sale price in Hugo was $432,580, up 9.5% from a year earlier.
- Median Sales Price
- $432,580
- +9.5% vs. April 2024
- Homes for Sale
- 68
- +4.6% vs. April 2024
- Months Supply
- 2
- -16.7% vs. April 2024
- Seller's market
- Days on Market
- 51
- +2% vs. April 2024
- Closed Sales
- 40
- +14.3% vs. April 2024
- Percent of Original List Received
- 98.7%
- +0.3 pts vs. April 2024
What this means
The median sale price has increased by 10% from last year to $432,580.
Homes are selling 1 day longer than last year, averaging 51 days on market, and sellers are receiving 98.7% of their original asking price.
The area is currently a seller's market with 2 months of supply. Active inventory is up 5% from last year to 68 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 April 2025, with 2 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 68 homes for sale.
How fast are homes selling in Hugo?
Homes that sold in April 2025 spent an average of 51 days on market, 1 day slower than a year earlier. Sellers received 98.7% of their original list price on average.
Are home prices going up in Hugo?
Yes. The median sale price rose 9.5% year over year to $432,580. Price per square foot moved in the same direction (from $215 to $217), which suggests a real change in values rather than a shift in the mix of homes sold.
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 |
| November 2023 | $377,300 | 17 | 51 | 2.6 |
| December 2023 | $367,900 | 19 | 63 | 2.1 |
| January 2024 | $389,089 | 16 | 56 | 2.4 |
| February 2024 | $442,250 | 28 | 55 | 2.3 |
| March 2024 | $429,000 | 26 | 47 | 2.4 |
| April 2024 | $395,000 | 35 | 50 | 2.4 |
| May 2024 | $412,500 | 30 | 64 | 2.6 |
| June 2024 | $368,900 | 29 | 53 | 3.1 |
| July 2024 | $406,500 | 30 | 21 | 3.3 |
| August 2024 | $464,900 | 35 | 56 | 3.5 |
| September 2024 | $415,900 | 30 | 47 | 3.3 |
| October 2024 | $405,000 | 32 | 70 | 3.6 |
| November 2024 | $433,500 | 40 | 49 | 2.6 |
| December 2024 | $422,000 | 38 | 63 | 2 |
| January 2025 | $464,150 | 22 | 64 | 2 |
| February 2025 | $370,900 | 31 | 53 | 1.9 |
| March 2025 | $440,000 | 34 | 53 | 1.8 |
| April 2025 | $432,580 | 40 | 51 | 2 |
How Hugo compares with the Twin Cities region
In April 2025, the median sale price in Twin Cities (16-County Region) was $399,900.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published October 21, 2026.
Report published .
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