Is Hugo, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hugo is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Hugo has remained a Seller's Market.

Key Takeaway

Hugo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Hugo, MN cost?

Median Sold Price

$425,241

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$55,991(+15.2%)

Key Takeaway

Homes in Hugo have sold for 15.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $588.5K-
N/A
2 $235K$262.9K
+11.9%
3 $357.8K$360K
+0.6%
4 $434.8K$512.3K
+17.8%
5+ $575K$606.7K
+5.5%

Median Sold Price Compared To Nearby Cities

Hugo
+15.2%
Grant
+12.2%
May Township
+8.3%
Lino Lakes
+7.3%
White Bear Township
0.3%

How many homes are available in Hugo, MN?

Number of Homes For Sale

Aug 2022Sep 2022%
135136+0.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 3731
-16.2%
3 3944
+12.8%
4 3639
+8.3%
5+ 2322
-4.3%

Number of Homes Sold

Aug 2022Sep 2022%
3433-2.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hugo, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.

Average Sale Time

Sep 2021Sep 2022%
16 Days22 Days+35.5%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hugo are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Hugo, MN

Hugo, MN has 136 homes for sale to choose from. Between August 2022 and September 2022, Hugo, MN real estate market has seen increase in the number of listings by 0.7%. Listings spent 22 days on the market in September 2022, and had a median list price of $425,241 during the same period. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 11.9%, 3 bedrooms properties became 0.6% more expensive, prices of 4 bedrooms properties increased by 17.8%, 5 bedrooms properties prices increased by 5.5%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went down by 16.2%, 3 bedrooms homes inventory increased by 12.8%, the quantity of 4 bedrooms homes went up by 8.3%, 5 bedrooms homes inventory decreased by 4.3%. Hugo, MN housing market in September 2022 saw over 12 listings sold above listed price, more than 12 sold at listed price and over 9 sold below.

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