Updated May 2026 · Redfin · 3-month window
55038 Real Estate Market Update: Hugo, MN, May 2026
The latest housing-market numbers for ZIP code 55038 in Hugo, Minnesota, for May 2026: a $469K median sale price, straight from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $469K | ▼ -5.6% | ▲ +2.0% |
| Days on market | 34 | ▼ -25.3% | ▲ +13.3% |
| Homes for sale | 105 | ▼ -12.5% | ▲ +4.0% |
| Sale-to-list | 99.8% | ▼ -0.4% | ▲ +0.4% |
| Homes sold | 142 | ▲ +26.8% | ▼ -4.1% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 55038 numbers say
Prices in Hugo's 55038 ZIP are still climbing. The median sale price reached $469,156, up 2.0% year over year. Homes here move fast: a typical listing goes under contract in about 34 days, and sellers are getting 99.8% of list price.
Based on 142 recent sales, 55038 is currently an active market.
What this means if you sell in 55038
Use these figures to set expectations early with each client. Lead a listing appointment with the $469K median price and the 34-day pace, show the year-over-year direction, and frame 55038 as an active market. A buyer or seller client trusts an agent who knows their exact ZIP, not just the metro average.
How we track the 55038 market
We built LOKAL to pull 55038's numbers straight from the Redfin Data Center, so an agent and a client read from the same source. For May 2026 we recorded a $469K median sale price, +2.0% year over year, a 99.8% sale-to-list ratio and a -5.6% month-over-month move across 142 recorded sales. That compares with roughly $460K a year earlier, in 2025. We refresh every ZIP monthly and only publish once a ZIP clears at least 20 recorded sales for the period, so the median stays reliable instead of noisy. Redfin has published ZIP-level market data monthly since 2020, which is what lets us show month-over-month and year-over-year change here in 2026. LOKAL is independent and not affiliated with Redfin; always verify against your MLS before you publish.
ZIP-code areas follow U.S. Postal Service boundaries; for complementary demographics on 55038 — population, median household income, owner-occupancy — see the U.S. Census Bureau profile for this ZIP Code Tabulation Area. LOKAL covers price and pace; the Census covers who lives there.
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Build the Hugo post →Frequently asked: the 55038 housing market
- What is the median home price in ZIP 55038 (Hugo, MN)?
- As of May 2026, the median sale price in ZIP 55038 is $469,156 (+2.0% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 55038 a buyer's or seller's market right now?
- ZIP 55038 is currently an active market, based on a 99.8% sale-to-list ratio, about 34 days on market for May 2026.
- How long do homes take to sell in ZIP 55038?
- A typical listing in 55038 goes under contract in about 34 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 55038 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.