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Saturday, November 23, 2024

January 2021: Hugo experienced a 12.5% drop in median home prices

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The median sale price of a home sold in January 2021 in Hugo fell by $35,300 while total sales decreased by 46.7%, according to BlockShopper.com.

In January 2021, there were eight homes sold, with a median sale price of $247,200 - a 12.5% decrease over the $282,500 median sale price for the same period of the previous year. There were 15 homes sold in Hugo in January 2020.

The median sales tax in Hugo for the most recent year with available data, 2020, was $3,400, approximately 1.4% of the median home sale price for January 2021.

The following table compares Hugo to other Washington County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Cottage Grove242114.3%$309,500$268,00015.5%
Mahtomedi13-66.7%$303,000$380,000-20.3%
Oakdale1621-23.8%$278,194$212,00031.2%
Bayport30-$277,500$0-
Forest Lake1115-26.7%$276,000$240,00015%
Lakeland110%$270,000$161,00067.7%
Newport52150%$255,000$192,50032.5%
St. Paul Park34-25%$252,000$138,75081.6%
Hugo815-46.7%$247,200$282,500-12.5%
Willernie20-$233,500$0-
Oak Park Heights15-80%$174,900$270,000-35.2%

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