Photo: afiler from Seattle (ex-Minneapolis) · CC BY-SA 2.092 homes sold in Gallup in the last year, at a typical $257K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Gallup homes are listed.
Every place Gallup homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Gallup.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 95% of Gallup’s sales, at a typical $266K
92 homes sold in the year to May 2026.
typical sale · 87 sold in 12 months
- Per square foot
- $152NM $212
- Days to sell
- 58
- Sold over asking
- 0%
- Listings with a price cut
- 19%
Multi-family (2–4 units): 5 sold, typical $112K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.8 times the 2016 price
92 sales in the last year, against 135 in 2022 and a low of 75 in 2013. The typical sale went from $143K in 2016 to $257K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Gallup
Check a listing against what Gallup homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Gallup are back to pre-pandemic levels, with about as many homes for sale
We read every month of Gallup’s home sales since 2013 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 92 sales.
If you’re buying in Gallup
- Shop in February. It brings about 10 new listings a month, close to the busiest month, with fewer bidding wars (0% over asking).
- Bid near asking. Buyers paid 100% of the list price on average; 0% paid over.
- You’ll usually have time. Only 28% of homes go under contract within two weeks; the typical one takes 58 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 12 a month), but July is the most competitive: 2% of July sales close over asking. February and March offer nearly as much choice with fewer homes bid up (0%). January has the least competition (0%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like New Mexico as a whole
| Gallup now | 2017–19 | 2021 peak | NM now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 0% | 1% | 0% | 3% |
| Gone within two weeksShare of homes under contract within 14 days | 28% | 1% | 0% | 26% |
| Listings with a price cutShare of homes for sale that cut their price | 18% | — | — | 21% |
| Price paid vs. askingAverage sale price ÷ list price | 100% | 99.1% | 93.3% | 96.5% |
| Days to sellMedian days from listing to contract | 58 | 113 | 69 | 64 |
42 homes for sale on a typical day
That’s twice the 2023 low (21) and about the 2017–19 level.
1 in 5 listings has cut its price
18% in the last year, against — in 2017–19 and 21% across New Mexico.
Gallup ranks 19th of 24 busy New Mexico markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Gallup is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2013 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Gallup home costs about $1,561 a month
Price: Gallup’s typical sale, last 12 months. Property tax at Gallup’s 1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Gallup is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. January has the fewest, about 8.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $257K home, about $2,640 a year.
Taxes vs. neighborsSchools
The schools grade for Gallup, from test results, graduation and how much students grow.
Schools in GallupCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Post your home to Gallup, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Gallup. People who follow the town see it, and so do people comparing Gallup with their own town. No commission, no listing fee.
Questions about buying a home in Gallup
What do homes sell for in Gallup, NM?
92 homes sold in the year to May 2026 at a typical $257K, $151 a square foot.
Is Gallup a buyer’s or seller’s market?
A balanced market: 33 homes were for sale in May 2026 and 6 sold, about 5.5 months of supply. Buyers paid 100% of asking on average, and 18% of listings cut their price.
When is the best time to buy in Gallup?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Gallup?
About 1% of a home’s value a year. On a $257K home that’s near $2,640.
Where can I see homes for sale in Gallup?
Zillow, Redfin, Realtor.com and Homes.com all carry Gallup’s MLS listings; the search links above open each one filtered to Gallup.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).