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Is Hugo, OK 74743 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Hugo is a balanced market. With about 5.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.1Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list91.4%Sold price ÷ list price
Median days on market23Listing to accepted offer
Median price per sq ft$71▼ −41.9% vs. last year

The Hugo housing market right now

In the three months ending August 31, 2026, 0% of homes in Hugo, OK 74743 sold above their list price, the typical home went under contract in 23 days and there were 5.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 10 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (30 days then) and the median sale price fell 34% to $118,449. Overall, Hugo is about as competitive as it was a year ago.

Run the numbers for 74743

Prefilled for 74743Can I win this house?Multiple-offer likelihood for a listing Prefilled for 74743Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Boswell 74727Seller’s market $126 /sq ftFort Towson 74735Buyer’s market $116 /sq ftGrant 74738 — /sq ftSawyer 74756Seller’s market $166 /sq ft Browse all markets →

Towns like Hugo nearby

Find towns like Hugo in other states →
Antlers, OK74523 · 17 miles away79% similarmore homeowners Paris, TX75460 · 24 miles away76% similarlarger · younger residents Boswell, OK74727 · 19 miles away67% similarcheaper homes ($36K less) · smaller Bokchito, OK74726 · 37 miles away64% similarpricier homes ($33K more) · smaller

Where Hugo is

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Questions about Hugo real estate

Is Hugo a buyer’s or seller’s market?

A balanced market: there were 5.1 months of supply in Hugo, OK 74743 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Hugo?

The typical home went under contract in 23 days in the latest three months.

Do homes in Hugo sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 91.4% of the list price.

What are property taxes in Hugo?

About 0.41% of a home’s value a year in Choctaw County, or roughly $1,640 on a $400,000 home.

What is the median home price in Hugo?

The median sale price was $118,449 in the three months ending August 31, 2026, about $71 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology