Gallup, NM
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's cooling Gallup market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Gallup, NM.
The Gallup, NM market is currently characterized as Cooling, with a pending ratio of 0.36, indicating demand absorption is moderate relative to available supply. This market condition aligns with a moderate decline in total listings over the past year. The median listing price has increased by 19.9% year-over-year, alongside a 15.3% year-over-year increase in median price per square foot.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
What's moving the Gallup market right now.
Inventory dynamics show a slight contraction, with active listings down 2.7% and new listings decreasing by 12.5% over the past year. Despite this, the market's pace has slowed, as evidenced by a 16.7% year-over-year increase in median days on market. The pending ratio has registered a significant year-over-year decline of 11.8%, reflecting a softening in demand relative to supply at the current juncture. The share of price reductions has decreased by 2.4% year-over-year.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
In the current Cooling environment, negotiating leverage is shifting, with a slower pace of transactions offering more time for consideration. The absorption rate, indicated by the pending ratio, suggests that buyers have increased optionality. While median pricing continues to appreciate year-over-year, sustained market dynamics will influence future price discipline.
No distinct luxury-segment signal in this dataset.
54 active listings represent the current floor, with new supply arriving at roughly 14 per month.
of active listings carry a price reduction, -2.4% from prior period.
Median price per square foot has moved +15.3% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Gallup, NM? Homes here are taking 12 days longer to sell than last year.
Buyers have leverage in Gallup, NM. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 36%
- Median Days on Market
- 82 days
- Inventory YoY
- −3%
In a buyer's market, strategy beats timing. See how your home scores in Gallup, NM and what moves the number.
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Metro Demographics
ZIPs in Gallup, NM
87301
gallup
$298K
35 active · 72 DOM
87321
ramah
$363K
11 active · 46 DOM
87323
thoreau
$225K
6 active · 159 DOM
87315
fence lake
$725K
2 active · 159 DOM
87347
jamestown
$268K
2 active · 109 DOM
87375
yatahey
$75K
1 active · 214 DOM
87357
pinehill
$485K
1 active · 39 DOM
87326
vanderwagen
$128K
1 active · 79 DOM
Sorted by active inventory · click a ZIP for its full report