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Minnesota State Wire

Wednesday, November 6, 2024

Rising home prices in Hugo in January 2022

Realestate5

The median sale price of a home sold in January 2022 in Hugo rose by $16,600 while total sales increased by 37.5%, according to BlockShopper.com.

In January 2022, there were 11 homes sold, with a median sale price of $263,800 - a 6.7% increase over the $247,200 median sale price for the same period of the previous year. There were eight homes sold in Hugo in January 2021.

The median sales tax in Hugo for the most recent year with available data, 2020, was $3,400, approximately 1.3% of the median home sale price for January 2022.

The following table compares Hugo to other Washington County cities with similar median sale prices in January 2022:

CityJan. 2022 Home SalesJan. 2021 Home Sales% change (Total Home Sales)Jan. 2022 Median Sales PriceJan. 2021 Median Sales Price% change (Median Sales Price)
Birchwood Village10-$553,500$0-
Forest Lake311-72.7%$399,500$276,00044.7%
Woodbury3441-17.1%$383,500$340,00012.8%
Stillwater1114-21.4%$352,000$466,600-24.6%
Cottage Grove1226-53.8%$335,250$309,5008.3%
Mahtomedi110%$289,500$303,000-4.5%
Lakeland Shores10-$270,000$0-
Newport45-20%$268,450$255,0005.3%
Hugo11837.5%$263,800$247,2006.7%
Oakdale1319-31.6%$231,400$230,0000.6%
St. Paul Park15-80%$224,000$252,000-11.1%

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