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Winnipeg Real Estate Market | November 2025 Update


Average prices continue climbing and 2025 keeps breaking records.

October kept the momentum going.
Sales held steady, dollar volume climbed, and average prices across multiple categories hit new monthly and year-to-date highs. Inventory tightened again, continuing the pattern we’ve seen all year. Fewer listings, stronger prices, and consistent demand for well-presented homes.

Here’s what unfolded in the market:


Overall MLS Market: Higher Dollar Volume, Tight Listings

1,344 sales (up 1% from October 2024)
Active listings: 3,519 (down 3%)
Total dollar volume: $540M+ (up 7%)

Even with fewer listings coming to market, October outperformed last year in both sales and volume, sitting well above the five-year average.


Detached Homes: Record Pricing Continues

914 sales (down 1% from last year)
Average price: $442,104 (up 4%)
Listings: 1,603 (down 4%)

Detached homes continue to set new monthly and year-to-date price records in 2025. Inside the city, prices averaged $439,272 while outside Winnipeg jumped to $447,987, an 8% increase year-over-year.

Top-selling neighbourhoods (tie for first):
• St. Vital
• West Kildonan
• Polo Park

Second-place cluster:
Waverley West, River Park South, Devonshire Park, East Transcona

Most active price range:
$300K–$399K (28% of all detached sales)
Followed by $200K–$299K (13%)

Luxury segment:
23 homes sold at or above $1M, including one over $3.4M.


Condominiums: Prices Up, Sales Down

171 sales (down 19%)
Average price: $297,428 (up 12%)
Listings: 430 (up 6%)

Condo demand softened slightly in October, but prices continued their upward climb for the fifth time this year.

Most active neighbourhoods:
• Osborne Village
• Waverley West

Most popular price ranges:
$200K–$299K (33%)
$100K–$199K (26%)


Residential Attached: Strong Sales Growth

115 sales (up 29%)
Average price: $379,825
Listings: 258 (up 4%)

Attached homes saw one of the strongest month-over-month performances, especially inside Winnipeg, where average prices rose 6%.

Outside Winnipeg, sales climbed 13% despite a sharp drop in available listings.


Year-to-Date Snapshot (Jan–Oct 2025)

13,502 total MLS sales (up 5%)
Total dollar volume: $5.4B+ (up 12%)
Detached homes: 9,213 sales (up 4%), avg. $453,260 (up 7%)
Condos: 1,941 sales (up 1%), avg. $284,215 (up 3%)


Across the Region

Year-to-date detached homes by area:

AreaAvg. PriceSales
All MLS Areas$453,260 ⬆ 7%9,213 ⬆ 4%
Winnipeg$464,089 ⬆ 6%5,954 ⬆ 3%
Outside Winnipeg$433,476 ⬆ 9%3,259 ⬆ 7%
Lake Country$250,790 ⬆ 7%764 ↔
Steinbach (R16)$407,670 ⬆ 6%448 ⬆ 2%
Morden/Winkler (R35)$371,946 ⬆ 13%328 ⬇ 12%
Gimli (R26)$305,167 ⬆ 6%204 ⬇ 4%
Morris (R17)$258,200 ⬇ 1%191 ⬆ 11%
Niverville/Ritchot (R07)$522,587 ⬆ 4%186 ⬇ 5%

What This Means

The fall market is proving resilient.
Prices continue to trend upward, inventory continues to tighten, and well-positioned listings are still seeing strong activity. Detached homes remain the standout performer, but condos and attached properties are quietly gaining ground thanks to ongoing affordability pressures.

If you’re entering the market this winter, strategy, pricing, and presentation matter more than ever.


📩 Thinking about your next move?
Whether you’re buying, selling, or curious what your home might be worth, send them my way.

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New property listed in Winnipeg

I have listed a new property at 381 Riverton Avenue in Winnipeg. See details here

3A//Winnipeg/SS - THURSDAY, NOVEMBER 20THWelcome to 381 Riverton Avenue! A GREAT OPPORTUNITY! This 3 bed, 3 bath home features A FULLY EQUIPPED SUITE in the basement - permits pulled for kitchen, bedroom and 4pc bath, making this ideal for a multi-generational family setup - you could own this home, pay down a healthy amount of the principal, and then do as you please - keep renting it out, or maybe move in with your relatives when the time is right. LUXURY FINISHINGS such as granite countertops & hardwood floors, HRV, 30 year shingles, walk-in closets, the list goes on. Solid home. The home is newer, so expensive upgrades should be quite some time away. The area is up and coming, with many older homes being torn down and news ones being built, as this one was. The location provides easy access to downtown, grocery stores, shopping centres, and all major amenities. Transit service is excellent. This is a great opportunity to start your portfolio or add a hassle-free property to it. Tenant is paying $1950+ utilities on a lease until July 1, 2026. Schedule your showing today and come and see for yourself! (id:2493)

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New property listed in Winnipeg

I have listed a new property at 115 Laval Drive in Winnipeg. See details here

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New property listed in Winnipeg

I have listed a new property at 8 Bayfield Avenue in Winnipeg. See details here

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New property listed in Winnipeg

I have listed a new property at 269 Belmont Avenue in Winnipeg. See details here

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I have listed a new property at 137 Bannatyne Avenue in Winnipeg. See details here

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📊 Winnipeg Real Estate Market | October 2025 Update

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:

AreaAvg. PriceSales
All MLS®$454,488 ⬆ 8%8,300 ⬆ 5%
Winnipeg$466,955 ⬆ 7%5,338 ⬆ 3%
Outside Winnipeg$432,022 ⬆ 9%2,962 ⬆ 8%
Steinbach (R16)$407,579 ⬆ 7%413 ⬆ 5%
Morden/Winkler (R35)$372,173 ⬆ 14%291 ⬇ 14%
Gimli (R26)$309,981 ⬆ 8%188 ⬇ 3%
Niverville/Ritchot (R07)$523,394 ⬆ 5%168 ⬇ 1%
Morris (R17)$261,904 ↔ 0%167 ⬆ 10%

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.

📩 Thinking about your next move?
Whether you’re buying, selling, or just curious what your home might be worth, send them my way.

Read

New property listed in Winnipeg

I have listed a new property at 163 Newton Avenue in Winnipeg. See details here

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New property listed in Winnipeg

I have listed a new property at 120 Osborne Street in Winnipeg. See details here

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