Is Hugo, MN 55038 a buyer’s or seller’s market?

The Hugo housing market right now

In the three months ending August 31, 2026, 31% of homes in Hugo, MN 55038 sold above their list price, the typical home went under contract in 32 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 157 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 27%, homes sold more slowly (27 days then) and the median sale price fell 8% to $429,653. Overall, Hugo is about as competitive as it was a year ago.

Within Washington County, homes here sell more slowly than in 73% of the county’s ZIP codes, and sell less often over asking than in 60%. On our competition score, Hugo ranks #135 of 296 MN ZIP codes with enough sales (score 70 out of 100).

Nearby, buyers who want less competition could look at Willernie 55090 (0% sold over asking) or Afton 55001 (0% sold over asking), while Saint Paul Park 55071 (60% sold over asking) and Saint Paul 55128 (43% sold over asking) are even more competitive.