Record Prices, Steady Sales, and Balanced Conditions

The Winnipeg real estate market stayed strong through September 2025, marking another month of consistent sales and record-setting prices. According to the Winnipeg Regional Real Estate Board (WRREB), both detached and condo segments reached their highest average prices ever recorded for September, while steady demand and modestly lower inventory kept conditions balanced for buyers and sellers alike.

All MLS® Snapshot: Above Average Activity Across the Board

Across all MLS® areas, September recorded 1,391 sales, up 12% from September 2024 and 7% above the five-year average.

Total dollar volume reached $547 million, a 17% increase year-over-year, and active listings ended the month at 3,704, down 8% from last year. 

Year-to-date, the market has recorded 12,161 sales totaling $4.8 billion in volume — making 2025 the third-highest year-to-date total on record.

This continued strength highlights Winnipeg’s resilient buyer pool and the ongoing appeal of both urban and surrounding markets.

Inside Winnipeg: Steady Growth and Record Highs

Within city limits, 587 detached homes sold in September, along with 201 condos and 89 attached homes.

The average detached home price reached $449,568, up 4% year-over-year, marking a new September high.

The most active price ranges were $300K–$399K (22% of sales) and $400K–$499K (21.8%), continuing a trend of strong movement in the mid-range market.

Neighbourhoods like Waverley West and River Park South once again led the way for detached home sales, while Osborne Village and Fort Richmond were top spots for condo buyers.

Condo sales rose 16% compared to last year, with an average price of $297,213, up 7% year-over-year. The $200K–$299K range remains the sweet spot for many first-time and downsizing buyers.

Outside Winnipeg: Rural and Suburban Strength

Detached home sales outside the city totalled 348, a gain of 11% from last year, with an average price of $414,477 — up 12% year-over-year.

Communities such as Steinbach, Morden/Winkler, and West St. Paul continue to see growing interest from buyers seeking larger lots, newer builds, and a quieter pace of life without sacrificing access to city amenities.

Luxury activity also picked up this month, with 16 homes sold over $1 million, compared to 9 in September 2024 — another sign of confidence in the upper end of the market.

Market Insights: Balance Heading Into Fall

As the fall season begins, Winnipeg’s real estate market is demonstrating stability on all fronts. Detached and condo prices remain at record levels, yet increased activity and balanced supply are creating healthy conditions for buyers and sellers alike.

If you’re selling, this is an excellent time to enter the market. Steady demand and limited inventory mean well-presented listings — especially those featuring strong visuals and staging — continue to move quickly. (For more on this, check out my recent post, Luxury Listings That Sell: Staging & Presentation Tips That Make an Impact.)

 If you’re buying, the variety of listings this fall offers more options than earlier in the year, though competition remains in popular segments. Preparation and working with a REALTOR® who understands Winnipeg’s micro-markets are key to making confident moves.

📲 Thinking about buying or selling this fall? Let’s connect and create a strategy that fits your goals.