Hugo Real Estate Market Report: May 2026
In May 2026, the median sale price in Hugo was $446,995, up 5.2% from a year earlier.
- Median Sales Price
- $446,995
- +5.2% vs. May 2025
- Homes for Sale
- 87
- +42.6% vs. May 2025
- Months Supply
- 3.1
- +82.4% vs. May 2025
- Balanced market
- Days on Market
- 33
- +6.5% vs. May 2025
- Closed Sales
- 36
- +9.1% vs. May 2025
- Percent of Original List Received
- 99.3%
- +1 pts vs. May 2025
What this means
The median sale price has increased by 5% from last year to $446,995, though an opposite trend in price per square foot suggests this change more likely reflects the mix of homes that sold.
Homes are selling 2 days longer than last year, averaging 33 days on market, and sellers are receiving 99.3% of their original asking price.
The area is currently a balanced market with 3.1 months of supply. Active inventory is up 43% from last year to 87 homes for sale.
In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.
Common questions about the Hugo market
Is Hugo a buyer's or seller's market?
Hugo was a balanced market in May 2026, with 3.1 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 87 homes for sale.
How fast are homes selling in Hugo?
Homes that sold in May 2026 spent an average of 33 days on market, 2 days slower than a year earlier. Sellers received 99.3% of their original list price on average.
Are home prices going up in Hugo?
Yes. The median sale price rose 5.2% year over year to $446,995. Price per square foot moved the other way (from $216 to $207), which suggests the change mostly reflects the mix of homes sold.
Market trends in Hugo
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| 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 |
| April 2026 | $540,000 | 27 | 45 | 2.9 |
| May 2026 | $446,995 | 36 | 33 | 3.1 |
How Hugo compares with the Twin Cities region
In May 2026, the median sale price in Twin Cities (16-County Region) was $399,000, up 1.0% 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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