Gallup, NM metro area Housing Market Brief
metro · NM · as of August 2026
What is Gallup, NM metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Gallup, NM metro area in its market cycle?
Gallup, NM metro area is classified as Emerging — early in its cycle, with scores climbing from a low base. This is a classification of recent (1–12 month) momentum, not a price forecast.
Gallup, NM metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $214K | ▼ -17.2% |
| Median Days on Market | 82 days | ▲ +17.1% |
| Months of Supply | 6.6 | ▲ +40.4% |
| Homes for Sale | 47 | ▼ -6% |
| Homes Sold | 7 | ▼ -36.4% |
| Median Price / Sq Ft | $139 | ▼ -5.1% |
How has Gallup, NM metro area’s Alpha Score moved?
Markets like Gallup, NM metro area
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- Manhattan, KS metro area, KSmetro49
- Nacogdoches, TX metro area, TXmetro46
- Roswell, NM metro area, NMmetro47
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- Paris, TX metro area, TXmetro50
- Bemidji, MN metro area, MNmetro44
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Frequently asked questions
Is Gallup, NM metro area a buyer's or seller's market?
As of August 2026, Gallup, NM metro area is classified as a Balanced Market, based on its Alpha Score of 46 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Gallup, NM metro area?
The median sale price in Gallup, NM metro area is $214K, having fallen 17.2% over the past year.
How affordable is Gallup, NM metro area?
Gallup, NM metro area scores 46 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Gallup, NM metro area's Alpha Score?
Gallup, NM metro area's strongest dimension is Inventory Health (76/100) and its weakest is Economic Strength (9/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Gallup, NM metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.