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:
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.