Sales up, listings tightening, and prices reaching new highs.
September didn’t cool things down; it actually heated up.
Sales jumped double digits compared to last year, and both detached and condo prices hit new records for September. Inventory is still tight, which is keeping competition steady, especially for well-presented homes.
Here’s a look at what’s happening across the market right now:
Overall MLS® Market: Higher Sales, Higher Prices
1,391 sales across all property types (up 12% from September 2024)
Active listings: 3,704 (down 8%)
Total dollar volume: $547M+ (up 17% year-over-year)
Even with fewer listings, overall sales and dollar volume climbed well above the five-year average. A strong sign of buyer demand still outpacing supplyMarket Release for September 20….
Detached Homes: Another Record Month
935 sales (up 6% from last year)
Average price: $436,507 (up 6%, a record high for September)
Listings: 1,752 (down 12%)
Inside Winnipeg, detached homes averaged $449,568, while outside the city, prices jumped 12% to $414,477.
Waverley West and River Park South led sales in the city, with Steinbach and Morden/Winkler taking the top spots outside WinnipegMarket Release for September 20….
Most active price range: $300K–$399K (22%), followed closely by $400K–$499K (21.8%).
16 homes sold over $1M, the highest topping $2.2M.
Condos: Big Jump in Sales and Prices
201 sales (up 16%)
Average price: $297,213 (up 7%)
Listings: 438 (down 7%)
Condo demand remained strong, especially in Osborne Village and Fort Richmond.
Outside the city, Morden/Winkler and Gimli were the busiest condo marketsMarket Release for September 20….
Most popular price range: $200K–$299K (34%), followed by $100K–$199K (28%).
Residential Attached: Strong Growth
116 sales (up 47%)
Average price: $393,062 (up 9%)
Listings: 261 (steady year-over-year)
Outside Winnipeg, attached homes saw major jumps, sales up 29% and prices up 29%, reaching an average of $407,309.
It’s one of the few categories showing strong year-over-year growth both inside and outside city limits.
Year-to-Date Snapshot (Jan–Sept 2025)
12,161 total MLS® sales (up 6% from 2024)
Total dollar volume: $4.8B+ (up 12%)
Detached homes: 8,300 sales (+5%), avg. price $454,488 (+8%)
Condos: 1,771 sales (+4%), avg. price $282,922 (+2%)Market Release for September 20….
Across the region:
What This Means
The fall market is showing resilience.
Even with fewer listings, buyers are active and sellers are still getting strong prices, especially for homes that are priced right and presented well. Condos and attached homes continue to gain ground as affordability becomes a key focus across the region.
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