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Wells Park

NeighborhoodThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.New Mexico
$190K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
4
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$258K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Oct 2024 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Market Trends

Sale pricesThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.MedianSales
2017201820202021202220232024
Growth (year over year)How much prices and sales counts changed since the same time last year, using a 3-month average to smooth out noise. Above the dashed line means growth.PriceSales
2017201820202021202220232024
Price per square footThe middle price per square foot, for sales where the size is known. It adjusts for homes being different sizes.$/ft²
2017201820202021202220232024
Annual turnover (share of homes sold)The share of all homes here that sold in the trailing 12 months. Higher turnover means a more liquid market where homes trade hands more often.Turnover
2017201820202021202220232024
Buyer mixWho is buying. Cash means no mortgage was recorded, investor means the buyer looked like an investor, and flip means the home resold within a year.CashInvestorFlip resale
2017201820202021202220232024
Financing (share of purchase price)For buyers who borrowed: the middle share of the price they financed, and the middle share they paid up front.Loan (LTV)Down payment
2017201820202021202220232024
Sellers who sold at a gainThe share of sellers each month who sold for more than they originally paid.Sold at gain
2017201820202021202220232024
Typical hold before sellingThe middle number of years sellers owned their home before selling.Median hold
2017201820202021202220232024
Median annualized return at resaleThe middle yearly gain sellers earned, spread across the years they owned the home. Only counts homes held at least a year.Annualized gain
2017201820202021202220232024
Preforeclosure filingsForeclosure notices filed each month. A rise can be an early sign that more owners are struggling. Auction stage counts the filings that reached a scheduled foreclosure auction.FilingsAuction stage
2016201720182019202120222026

Housing Stock

HomesHow many homes we have records for in this area.533
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$258K
Median sizeThe middle home size here, measured in square feet.1,177 ft²
Median bedroomsThe middle bedroom count for homes here.2
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1932
Single familyThe share of homes here that are single-family houses.79%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.59%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.1.4%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.69%
Company ownedThe share of homes owned by a company or trust instead of a person.11%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.41%
Typical ownership tenureHow long the typical owner here has held their home.13.7 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.165
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.87
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.133

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.88%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.12%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.17%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.1,499
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,412 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$30K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$58K
Average tempThe average temperature here across a full year.56°F
Annual precipHow much rain and melted snow falls here in a typical year.9 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.76%

Market metrics are derived from recorded arms-length deeds and refreshed nightly. Temperature blends price momentum, sales velocity, turnover and resale outcomes, ranked against all neighborhoods nationally.

How Wells Park compares

By median home value, Wells Park is the 134th most expensive of 158 neighborhoods in Bernalillo County, and its typical home is worth more than 20% of all homes in Bernalillo County.

Home values in Wells Park

Share of homes at each estimated value.

Median
$157K$479K
neighborhoods in Bernalillo County ranked by median home value
#Bernalillo CountyMedian valueHomes
1Riverfronte Estates$1.2M105
2North Albuquerque Acres$949K2,786
3Tanoan East$803K669
4High Desert$795K1,547
5Vineyard Estates$673K534
6Thomas Village$669K252
7Peppertree / Royal Oak$642K468
8Volcano Cliffs$632K1,069
9Quintessence$628K448
10Tanoan$625K677
11Academy Estates East$586K373
12Glenwood Hills$585K947
13Vista Del Mundo$582K535
14Antelope Run$581K168
15Arroyo Del Oso North$579K304
16Nor Este$567K2,056
17Eastrange / Peidra Vista$566K154
18Spruce Park$559K270
19Four Hllls Village$541K1,321
20Heritage East$519K1,231
21Matthew Meadow$496K184
22Alvarado Gardens$489K405
23Huning Castle$489K456
24Cherry Hills$487K349
134Wells Park$258K533

158 neighborhoods in Bernalillo County are ranked; the most valuable are listed here.

About the Wells Park market

What is the median home price in Wells Park, NM?

The median sale price in Wells Park, NM is $190,000 (data through October 2024), based on deeds recorded with the county.

How many homes sell in Wells Park, NM each year?

4 homes sold in Wells Park, NM over the last 12 months (data through October 2024). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in Wells Park, NM?

Wells Park, NM contains 533 residential properties, with a median of 1,177 square feet, 2 bedrooms, built around 1932. The median TopHap Estimate is $258K.

How does Wells Park, NM compare to the rest of Bernalillo County?

By median home value, Wells Park, NM is the 134th most expensive of 158 neighborhoods in Bernalillo County. Its typical home is worth more than 20% of all homes in Bernalillo County. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Wells Park, NM?

69% of homes in Wells Park, NM are owner-occupied. 11% are held by a company rather than an individual.

How much equity do owners in Wells Park, NM hold?

59% of mortgaged homes in Wells Park, NM are equity-rich, meaning the loan balance is under half the home's value. 1.4% owe more than the home is worth.

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