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GALLUP, NM 87301

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The GALLUP, NM real estate market (87301) currently shows 61 active listings, with 19 pending sales. Homes are averaging 78 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 78 days on market compared to 76 days last year.

The median listing price has risen 29.6% year-over-year, from $240,175 to $311,373.

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Market Context

Market Context

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

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

Market Overview

Active Listings
61
⇧ 19.6% vs 51 last year
Pending
19
31% pending ratio
Median Price
$311,373
⇧ 29.6% vs $240,175 last year
Average Price
$309,953
⇧ 20.7% vs $256,870 last year
Days on Market
78
⇧ 2.6% vs 76 days last year

Price Per Square Foot

Median $/sqft
$142
⇧ 1.4% vs $140/sqft last year
Median Home Size
2,228 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 61 this year vs 51 last year
  • Days on market: 78 now vs 76 last year

Median & Average Pricing

Year over Year
  • Median: $311,373 (+29.6% YoY)
  • Average: $309,953 (+20.7% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 87.9 miles — 95 listings ($30,383,617 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87301Gallup, NM 873010.0 mi53$14,739,353$246,350$278,101
87375Yatahey, NM 873759.8 mi2$170,000$85,000$85,000
86511Saint Michaels, AZ 8651129.7 mi1$201,503$201,503$201,503
87321Ramah, NM 8732137.3 mi10$4,087,190$391,500$408,719
87005Bluewater, NM 8700547.5 mi1$699,900$699,900$699,900
86502Chambers, AZ 8650255.5 mi1$65,000$65,000$65,000
87051San Rafael, NM 8705160.5 mi1$74,900$74,900$74,900
85936Saint Johns, AZ 8593669.9 mi14$3,760,876$242,500$268,634
87416Fruitland, NM 8741675.8 mi2$480,000$240,000$240,000
87420Shiprock, NM 8742083.0 mi1$69,900$69,900$69,900
87827Pie Town, NM 8782787.9 mi9$6,034,995$550,000$670,555

Frequently Asked Questions

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

As of September 2026, there are 61 active listings in GALLUP, NM (zip code 87301), compared to 51 the prior year.

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

The median listing price in GALLUP, NM 87301 is $311,373 as of September 2026, a 29.6% increase from $240,175 the prior year.

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

Homes in GALLUP, NM 87301 spend an average of 78 days on the market before going under contract, compared to 76 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 September 2026, GALLUP, NM 87301 is currently a Buyer's Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 78 days on market compared to 76 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 $6,227 compared to a typical 5% commission on the median listing price of $311,373. 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.