Hugo Real Estate Market Report: March 2026
In March 2026, the median sale price in Hugo was $395,000, down 10.2% from a year earlier.
- Median Sales Price
- $395,000
- -10.2% vs. March 2025
- Homes for Sale
- 72
- +20% vs. March 2025
- Months Supply
- 2.5
- +38.9% vs. March 2025
- Seller's market
- Days on Market
- 62
- +17% vs. March 2025
- Closed Sales
- 24
- -29.4% vs. March 2025
- Percent of Original List Received
- 98%
- +0.7 pts vs. March 2025
What this means
The median sale price has decreased by 10% from last year to $395,000.
Homes are selling 9 days longer than last year, averaging 62 days on market, and sellers are receiving 98% of their original asking price.
The area is currently a seller's market with 2.5 months of supply. Active inventory is up 20% from last year to 72 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 March 2026, with 2.5 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 72 homes for sale.
How fast are homes selling in Hugo?
Homes that sold in March 2026 spent an average of 62 days on market, 9 days slower than a year earlier. Sellers received 98% of their original list price on average.
Are home prices going up in Hugo?
No. The median sale price fell 10.2% year over year to $395,000. Price per square foot moved in the same direction (from $200 to $199), 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 |
|---|---|---|---|---|
| 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 |
| May 2025 | $425,000 | 33 | 31 | 1.7 |
| June 2025 | $405,000 | 42 | 47 | 2 |
| July 2025 | $439,325 | 40 | 29 | 2.2 |
| August 2025 | $465,000 | 36 | 45 | 2.1 |
| September 2025 | $444,000 | 31 | 54 | 2 |
| October 2025 | $469,950 | 42 | 34 | 2.2 |
| November 2025 | $375,450 | 24 | 51 | 2 |
| December 2025 | $522,210 | 21 | 27 | 1.8 |
| January 2026 | $428,825 | 18 | 61 | 2 |
| February 2026 | $395,000 | 15 | 72 | 2.3 |
| March 2026 | $395,000 | 24 | 62 | 2.5 |
How Hugo compares with the Twin Cities region
In March 2026, the median sale price in Twin Cities (16-County Region) was $380,000, essentially unchanged from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published October 21, 2026.
Report published .
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