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GALLUP, NM 87301

Real Estate Market Report  ·  McKinley County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
48
⇧ 17.1% vs 41 last year
Pending
8
17% pending ratio
Median Price
$237,750
⇩ 3.2% vs $245,500 last year
Average Price
$277,155
⇧ 2.6% vs $270,054 last year
Days on Market
87
⇧ 27.9% vs 68 days last year

Market Context

Population: 22,454  ·  Density: 219.6/mi²  ·  Median household income: $58,854

Typical home value: $140,913  ·  Homeownership: 55.6%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The GALLUP, NM real estate market (87301) currently shows 48 active listings, with 8 pending sales. Homes are averaging 87 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 87 days on market compared to 68 days last year.

The median listing price has fallen 3.2% year-over-year, from $245,500 to $237,750.

Whether you are buying or selling in GALLUP, NM, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 48 this year vs 41 last year
  • Days on market: 87 now vs 68 last year

Median & Average Pricing

Year over Year
  • Median: $237,750 (-3.2% YoY)
  • Average: $277,155 (+2.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 0.0 miles — 113 listings ($37,878,678 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87301Gallup, NM 873010.0 mi48$13,303,440$237,750$277,155
87305Gallup, NM 873058.4 mi1$104,000$104,000$104,000
87326Vanderwagen, NM 8732618.6 mi0$0$169,000$169,000
87323Thoreau, NM 8732333.6 mi6$891,480$145,000$148,580
87045Prewitt, NM 8704543.8 mi5$1,543,750$138,500$308,750
87021Milan, NM 8702154.5 mi6$842,988$82,000$140,498
87051San Rafael, NM 8705160.5 mi1$90,000$90,000$90,000
85936Saint Johns, AZ 8593669.9 mi14$3,866,520$239,500$276,180
87416Fruitland, NM 8741675.8 mi2$240,000$120,000$120,000
85924Concho, AZ 8592484.1 mi30$16,996,500$299,000$566,550
, 0.0 mi0$0$0$0

Frequently Asked Questions

How many homes are for sale in GALLUP, NM 87301?

As of January 2026, there are 48 active listings in GALLUP, NM (zip code 87301), compared to 41 the prior year.

What is the median home price in GALLUP, NM 87301?

The median listing price in GALLUP, NM 87301 is $237,750 as of January 2026, a 3.2% decrease from $245,500 the prior year.

How long do homes stay on the market in GALLUP, NM?

Homes in GALLUP, NM 87301 spend an average of 87 days on the market before going under contract, compared to 68 days the prior year.

Is it a seller's or buyer's market in GALLUP, NM 87301?

Based on current inventory and days-on-market data as of January 2026, GALLUP, NM 87301 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 87 days on market compared to 68 days last year.

How much can I save on real estate commission in GALLUP, NM?

With SELL123.com's maximum 3% commission, sellers in GALLUP, NM 87301 save an estimated $4,755 compared to a typical 5% commission on the median listing price of $237,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.