$1,188 Closing Credit*
$100,000
1,952 SqFt
3 Beds
•2 Full Baths
Austin Montgomery, Listing Office: Epique Realty
Is Hugo, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Hugo was a Seller's Market.
Key Takeaway
Hugo is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hugo, OK
How much do homes in Hugo, OK cost?
Median Sold Price
$169,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$61,500(+57.2%)
Key Takeaway
Homes in Hugo have sold for 57.2% more than they did a year ago.
Summary: The median home sold price in Hugo was $169,000 in November 2024, up 57.2% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $25K | - | N/A |
| 2 Bedrooms | $80K | $132.2K | +65.3% |
| 3 Bedrooms | $107.2K | $169K | +57.6% |
| 4 Bedrooms | $130K | $280K | +115.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Hugo housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 65.3%, 3 bedroom homes increased by 57.6%, 4 bedroom homes increased by 115.4%, and 5+ bedroom homes did not change.
Housing Supply in Hugo, OK
How many homes are available in Hugo, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Hugo real estate market had 12 homes for sale in November 2024, a 7.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hugo housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hugo, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Hugo in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Hugo, OK
How long does it take to sell a home in Hugo, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 103 Days | 62 Days | -40.2% |
Summary: Homes in Hugo had an average of 62 days on market in Nov 2024, down by 40.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hugo are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Hugo; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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