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Friday, November 8, 2024

Rising home prices in Hugo in February 2021

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The median sale price of a home sold in February 2021 in Hugo rose by $113,400 while total sales decreased by 33.3%, according to BlockShopper.com.

In February 2021, there were eight homes sold, with a median sale price of $310,900 - a 57.4% increase over the $197,500 median sale price for the same period of the previous year. There were 12 homes sold in Hugo in February 2020.

The median sales tax in Hugo for the most recent year with available data, 2020, was $3,400, approximately 1.1% of the median home sale price for February 2021.

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

CityFeb. 2021 Home SalesFeb. 2020 Home Sales% change (Total Home Sales)Feb. 2021 Median Sales PriceFeb. 2020 Median Sales Price% change (Median Sales Price)
Lake Elmo440%$431,750$250,80372.1%
Bayport13-66.7%$389,000$460,000-15.4%
Stillwater1222-45.5%$379,625$315,95020.2%
Scandia21100%$372,450$472,000-21.1%
Woodbury3067-55.2%$349,450$275,00027.1%
Hugo812-33.3%$310,900$197,50057.4%
Oak Park Heights23-33.3%$305,000$227,79533.9%
Cottage Grove1429-51.7%$295,694$247,50019.5%
Lake St. Croix Beach10-$289,900$0-
Oakdale1334-61.8%$270,000$210,95028%
Forest Lake1024-58.3%$232,500$218,499.506.4%

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