New Listing
10
$84,900
629 Jay St
Gallup, NM 87301
3 bd2 ba
Mobile home
Kristin Cuellar · NMGA Redhill MHP, LLC
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Gallup, NM Housing Market
Buyer's market-0.7% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Gallup, NM is worth $221,673, fell 0.7% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $314,950, +11.3% year over year (through May 2026). With 5.5 months of supply and homes going under contract in about 64 days, Gallup is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $221,673 home is about $1,183/mo in principal and interest.
Key numbers for Gallup, NM
Typical home value
$221,673
-0.7% in 12 months
Zillow, August 2026
Median sale price
$314,950
+11.3% year over year
Redfin, through May 2026
Days on market
64
Slow-moving
Redfin, through May 2026
Active listings
33
5.5 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$57,466
Home costs 3.9x income
U.S. Census ACS, 2023
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Gallup a buyer's or seller's market?
Buyer's market5.5 months of supply64 days on market
Gallup, NM is a buyer's market, based on 5.5 months of supply and homes selling in about 64 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Gallup housing market data show?
Every row below is Redfin's final published month for Gallup, NM. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $314,950 |
| Median list price | $309,000 |
| Year-over-year price change | +11.3% |
| Median price per sq ft | $172/sq ft |
| Median days on market | 64 days |
| Active inventory | 33 listings |
| Months of supply | 5.5 months |
| Homes sold (that month) | 6 |
| New listings (that month) | 11 |
| Listings with a price cut | 18.2% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Gallup is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Gallup is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Gallup home prices moved?
Over the last three years the median sale price in Gallup, NM rose 80.0%, from $174,950 to $314,950. The live Zillow value series has fell 0.7% in the last 12 months, which is the more current read now that Redfin's series has stopped. 18.2% of Gallup listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Gallup?
Priced off the typical home value of $221,673 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $44,335 | $177,338 | $1,183/mo |
| 5% | $11,084 | $210,589 | $1,405/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,183, that implies roughly $50,718 a year before you add taxes and insurance. The median household in Gallup earns $57,466, about $6,748 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.9x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Gallup in the next 12 months?
Tell us your timeline. We send the Gallup market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Gallup?
Zillow does not publish a rent index (ZORI) for Gallup, NM, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Gallup?
Active listings in Gallup, NM went from 36 in May 2025 to 33 in May 2026, a -8.3% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 30 | 13 |
| July 2025 | 38 | 16 |
| August 2025 | 45 | 15 |
| September 2025 | 43 | 7 |
| October 2025 | 39 | 12 |
| November 2025 | 48 | 16 |
| December 2025 | 45 | 2 |
| January 2026 | 44 | 11 |
| February 2026 | 48 | 14 |
| March 2026 | 45 | 9 |
| April 2026 | 42 | 9 |
| May 2026 | 33 | 11 |
Redfin, through May 2026
How does Gallup compare to New Mexico and the U.S.?
Gallup homes sell for $314,950 — 20% below the New Mexico median of $395,500. Against the national median of $410,700, Gallup runs 23% lower. Year-over-year, Gallup moved +11.3% against New Mexico's +10.8% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Gallup, NM | $314,950 | +11.3% | 64 days |
| New Mexico statewide | $395,500 | +10.8% | 53 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Gallup
What buyers should watch
- Months of supply, currently 5.5. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 18.2%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $222 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $221,673 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Gallup listing goes under contract in 64 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- In the last published month Gallup added 11 new listings against 6 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -0.7% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Gallup varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Gallup
There are currently 33 homes listed for sale in Gallup, New Mexico. The median listing price is $309K. Featured listings range from $84,900 to $445,000.
12
$85,000
51 Panther Rd
Gallup, NM 87301
Land27.09 acres
Tony Sanchez · Re/Max Combined Investments
View photos & details
New Listing
7
$185,000
3425 Church Rock St
Gallup, NM 87301
3 bd1 ba1,248 sqft$148/ft²
House
Jennifer Macias · Re/Max Combined Investments
View photos & details
New Listing
17
$215,000
2801 Radosevich Ave
Gallup, NM 87301
3 bd2 ba1,352 sqft$159/ft²
House9,148 sqft lot
Elizabeth Munoz-Hamilton · Keller Williams Realty Gallup Living
View photos & details
14
$225,000
1711 Mesquite Dr
Gallup, NM 87301
4 bd3 ba1,890 sqft$119/ft²
House8,712 sqft lot
John Castillo · Southwest Elite Real Estate
View photos & details
31
$235,000
610 S Fifth St
Gallup, NM 87301
6 bd3 ba2,832 sqft$83/ft²
Multi-family7,362 sqft lot
Jason Valentine · Coldwell Banker High Desert Realty
View photos & details
New Listing
28
$285,500
2701 Foothills Ave
Gallup, NM 87301
3 bd2 ba2,436 sqft$117/ft²
Mobile home
Kaul Corley · Keller Williams Realty Gallup Living
View photos & details
New Listing
10
$289,000
1706 Kiva Dr
Gallup, NM 87301
3 bd2 ba1,460 sqft$198/ft²
House
Jennifer Macias · Re/Max Combined Investments
View photos & details
38
$352,000
1714 Placida Dr
Gallup, NM 87301
4 bd3 ba2,436 sqft$144/ft²
House13,321 sqft lot
Veronica Sanchez · Exp Realty, LLC
View photos & details
New Listing
30
$375,000
709 Milda Ave
Gallup, NM 87301
3 bd2 ba1,982 sqft$189/ft²
House1.50 acres
Veronica Sanchez · Exp Realty, LLC
View photos & details
New Listing
44
$383,900
1307 Country Club Pl
Gallup, NM 87301
3 bd3 ba2,341 sqft$164/ft²
House21,344 sqft lot
Olga Starr · Re/Max Combined Investments
View photos & details
34
$445,000
1510 S Grandview Dr
Gallup, NM 87301
4 bd2 ba2,376 sqft$187/ft²
House22,651 sqft lot
Michael Mazel · Keller Williams Realty Gallup Living
View photos & details
Looking to buy in Gallup?
Get connected with a local real estate expert — free, no obligation.
Active listings
33
Homes on market
Median list price
$309K
Avg. days on market
64
Days until sale
New this week
11
Newly listed
Price drops:18.2%of listings
How much do homes cost in Gallup by property type?
How the Gallup, NM market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $314,950 | $172/sq ft | 6 | 64 days |
Who lives in Gallup?
American Community Survey estimates for Gallup. U.S. Census ACS, 2023
Population
21,333
Households
7,050
Median income
$57,466/yr
Median age
34 years
Owner-occupied
49.4%
Median home value
$134,600
Median gross rent
$858/mo
Mean commute
18.3 min
49.4% of occupied homes in Gallup are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $134,600 against Zillow's $221,673 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Gallup?
19 schools tracked · 8,046 students
The largest public schools serving Gallup, NM by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
MIYAMURA HIGH SCHOOL
Grades 9-12 · 1,387 students
GALLUP HIGH
Grades 9-12 · 994 students
HOZHO ACADEMY
Grades K-10 · 685 students
JOHN F. KENNEDY MIDDLE
Grades 6-8 · 656 students
CHIEF MANUELITO MIDDLE
Grades 6-8 · 616 students
JEFFERSON ELEMENTARY
Grades PK-5 · 473 students
DEL NORTE ELEMENTARY
Grades PK-5 · 438 students
GALLUP MIDDLE
Grades 6-8 · 423 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Gallup, NM?
Ordered by distance from Gallup, not by size. Compare Gallup side by side with any of them.
Which ZIP codes are in Gallup?
These are the ZIP codes we see on active Gallup listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Gallup housing market FAQ
Is Gallup a buyer's or seller's market?
Gallup, NM is currently a buyer's market. That read comes from 5.5 months of supply, homes going under contract in about 64 days in the last month Redfin published (May 2026).
How much do homes cost in Gallup?
The typical home in Gallup, NM is worth $221,673 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $314,950, about $172 per square foot.
Is Gallup cheaper than the rest of New Mexico?
Gallup's median sale price of $314,950 is 20% lower than the New Mexico statewide median of $395,500, and 23% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Gallup?
Homes in Gallup, NM spent a median of 64 days on market before going under contract, versus 53 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Gallup?
At the current 30-year fixed rate of 7.03%, 20% down on a $221,673 home is about $1,183 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $50,718 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $57,466.
Are home prices rising in Gallup?
The typical home value in Gallup, NM fell 0.7% over the last 12 months, from $223,218 to $221,673 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Gallup?
Gallup ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Gallup?
That depends on your timeline, not on a headline. What the data says today: Gallup, NM is a buyer's market with 5.5 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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