Metropolitan market · New Mexico · June 2026 data

Gallup Real Estate Market

The Gallup, NM housing market as of June 2026 — real median listing price, market pace, inventory and supply, from public records and industry data. Prepare a client-ready Gallup report in a click.

Median listing price
$298,250
▲ 15.8% YoY
Median $ / sq ft
$163
1,693 sq ft median
Median days on market
103
June 2026
Active listings
50
For sale now
New listings
12
June 2026
Listings with price cuts
14%
Share of active
Median sale price (closed)
$279,900
▲ 5.6% YoY · closed sales
Sale-to-list ratio
0.0%
Closed sales
Homes sold / month
7
Closed sales
Median listing price trend
$309K$292K$274K$256K Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26

Median listing price, Gallup NM · trailing 8 quarters · source: public records and industry data.

The 10-year view
$298K$261K$225K$188K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Gallup NM · June of each year, 2017–2026 · source: public records and industry data.

Supply snapshot
Active listings
50
New this month
12
Pending
24
Price-reduced
6

As of June 2026, the median home listed in Gallup, NM asks $298,250 — up 15.8% from a year ago. Homes are taking a median of 103 days to go under contract, and 14% of the 50 active listings have taken a price cut, which points to a buyer-leaning market. Figures cover the Gallup, NM metro area. Based on public records and industry data, updated monthly.

Investment snapshot
Investor Score
46/100
#538 of 932 covered metros
12-month outlook
+2.4%
▲ Rising · model output, not advice
Momentum
68
Value
19
Rental yield
29
Supply risk
20
Market heat
20

Gallup scores 46/100 on our composite Investor Score (#538 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 57% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are up 15.8% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Gallup ranks on the trending markets index.

What mortgage rates do to the payment
If rates fall 1% · 5.43%
$1,344/mo
−$153/mo vs today
At today's rate · 6.43%
$1,497/mo
National weekly average
If rates rise 1% · 7.43%
$1,657/mo
+$160/mo vs today

Principal & interest on the $298,250 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.

Growth, supply pipeline & risk
Building permits (2025)
5
▲ 400.0% vs 2024
0.1 per 1,000 residents
Net migration (2022–2023)
-824
▼ people, via tax-return records
net income flow −$24.4M/yr
Natural-hazard risk
Relatively Low
National hazard index · top hazard: Riverine flooding

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

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Gallup market FAQs

What is the median home price in Gallup?
As of June 2026, the median listing price in Gallup, NM is $298,250, up 15.8% year over year (source: public records and industry data). Figures cover the Gallup, NM metro area.
How fast are homes selling in Gallup?
The median property in Gallup spends 103 days on the market, with 50 homes actively listed and 14% of them carrying a price cut — a buyer-leaning market by pace.
Who are the top real estate agents in Gallup?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Gallup and the wider New Mexico market.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures cover the Gallup, NM metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.