Hugo Real Estate Market Report: June 2026
In June 2026, the median sale price in Hugo was $427,400, up 5.5% from a year earlier.
- Median Sales Price
- $427,400
- +5.5% vs. June 2025
- Homes for Sale
- 93
- +29.2% vs. June 2025
- Months Supply
- 3.4
- +70% vs. June 2025
- Balanced market
- Days on Market
- 55
- +17% vs. June 2025
- Closed Sales
- 36
- -14.3% vs. June 2025
- Percent of Original List Received
- 99.1%
- -1.3 pts vs. June 2025
What this means
The median sale price has increased by 6% from last year to $427,400, and a similar trend in price per square foot suggests this is a real move in values rather than a change in the mix of homes selling.
Homes are selling 8 days longer than last year, averaging 55 days on market, and sellers are receiving 99.1% of their original asking price.
The area is currently a balanced market with 3.4 months of supply. Active inventory is up 29% from last year to 93 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 June 2026, with 3.4 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 93 homes for sale.
How fast are homes selling in Hugo?
Homes that sold in June 2026 spent an average of 55 days on market, 8 days slower than a year earlier. Sellers received 99.1% of their original list price on average.
Are home prices going up in Hugo?
Yes. The median sale price rose 5.5% year over year to $427,400. Price per square foot moved in the same direction (from $203 to $207), 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 |
|---|---|---|---|---|
| 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 |
| June 2026 | $427,400 | 36 | 55 | 3.4 |
How Hugo compares with the Twin Cities region
In June 2026, the median sale price in Twin Cities (16-County Region) was $410,000, up 2.1% 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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