$1,573 Closing Credit*
$132,500
1,416 SqFt
3 Beds
•2 Full Baths
Andrea Childers, Listing Office: Leader Group Realty, LLC
Is Hugo, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Hugo was a Seller's Market.
Key Takeaway
Hugo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hugo, OK
How much do homes in Hugo, OK cost?
Median Sold Price
$168,000
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,500(+37.1%)
Key Takeaway
Homes in Hugo have sold for 37.1% more than they did a year ago.
Summary: The median home sold price in Hugo was $168,000 in October 2024, up 37.1% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $80K | $132.2K | +65.3% |
| 3 Bedrooms | $107.2K | $168K | +56.6% |
| 4 Bedrooms | $190K | $85K | -55.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Hugo housing prices by bedroom type for October 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 56.6%, 4 bedroom homes decreased by 55.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Summary: The Hugo real estate market had 15 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hugo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Hugo in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 127 Days | +107.1% |
Summary: Homes in Hugo had an average of 127 days on market in Oct 2024, up by 107.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Hugo are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Hugo; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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