Gallup, NM
Housing market overview · Updated weekly
$209,900median sale price
Homes sold
4
Last 12 weeks
Days on market
37
Average pace
Active listings
46
11.5 months supply
Sale-to-list
—
Below asking
The Gallup housing market is currently classified as a buyer's market with a median sale price of $209,900. Prices have fallen 29.4% compared to last year, with homes spending an average of 37 days on market, indicating 11.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Gallup?
The median home sale price in Gallup is $209,900, down 29.4% from last year.
How long do homes stay on market in Gallup?
Homes typically spend 37 days on market before going under contract.
Is Gallup a buyer's or seller's market?
With 11.5 months of supply, Gallup is currently a buyer's market.
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