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Minnesota State Wire

Monday, January 6, 2025

Hugo median home prices fell by 4.2% in March 2022

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The median sale price of a home sold in March 2022 in Hugo fell by $11,889 while total sales decreased by 33.3%, according to BlockShopper.com.

In March 2022, there were 16 homes sold, with a median sale price of $271,000 - a 4.2% decrease over the $282,889 median sale price for the same period of the previous year. There were 24 homes sold in Hugo in March 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 March 2022.

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

CityMar. 2022 Home SalesMar. 2021 Home Sales% change (Total Home Sales)Mar. 2022 Median Sales PriceMar. 2021 Median Sales Price% change (Median Sales Price)
Stillwater3031-3.2%$375,000$365,0002.7%
Mahtomedi9580%$375,000$400,000-6.3%
Oak Park Heights13-66.7%$370,000$285,00029.8%
Forest Lake1533-54.5%$370,000$245,00051%
St. Paul Park26-66.7%$339,897.50$258,50031.5%
Cottage Grove322718.5%$338,000$300,00012.7%
Oakdale2534-26.5%$320,000$279,50014.5%
Newport52150%$312,500$323,750-3.5%
Hugo1624-33.3%$271,000$282,888.50-4.2%
St. Marys Point10-$250,000$0-
Willernie10-$194,500$0-

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