Winnipeg Real Estate Market Data · September 2025
Winnipeg · Monthly MLS® Market Report

September 2025 Market Report
Sales Rebound Strongly +12%

All MLS® Areas · Detached / Condo / Attached · September 2025

Dollar Volume$547.6M
Sales
1,391+12% vs 2024
Condo Avg
$297,213+7% · record September
Dollar Volume
$547.6M+17% vs 2024

Marker · Sales Rebound Strongly

01 / MILESTONE

After August's brief decline, September sales rebounded strongly, up 12% YoY. Detached and Condo averages set record September highs, and Q1–Q3 averages set same-period historic highs. YTD all-MLS sales rank 3rd-best on record, just 103 short of 2020's same-period 2nd-best.

Strong Rebound · Near 2nd-Best
+12%Total sales YoY · September 2025
Condo avg
$297,213 (record Sep)
YTD sales rank
3rd-best on record
Behind 2nd-best
only 103 sales
Takeaway: YTD-through-September $1M+ Detached cumulative reached 162 sales, far above 2024's same-period 119 (+36%); the high end keeps expanding.

September Headline · All Property Types

02 / OVERVIEW

September sales of 1,391 were up 12% YoY; all three types posted positive sales YoY, led by Attached +47%.

MetricSep 2025vs 2024vs 5-Yr Avg
Sales1,391+12%+7%
Active Listings3,704-8%-1%
Dollar Volume$547,561,692+17%+18%
Headline figures by property type
TypeSalesvs24Listingsvs24Avg Pricevs24
Detached935+6%1,752-12%$436,507+6%
Condominium201+16%438-7%$297,213+7%
Attached116+47%2610%$393,062+9%

YTD 2025 · Through September

03 / YTD

Year-to-date sales of 12,161 were up 6% YoY, with dollar volume over $4.8 billion, up 12%.

Type / MetricYTD SalesYoYYTD AvgYoY
All Property sales12,161+6%——
Residential-Detached8,300+5%$454,488+8%
Condominium1,771+4%$282,922+2%
High end: YTD-through-September $1M+ Detached cumulative 162, far above 2024's 119 (+36%).

Detached · Winnipeg vs Outside

04 / REGIONAL

Winnipeg Detached listings YoY +1% was the first positive of 2025 (Jan–Aug all negative) — early supply rebound. Outside sales +11% outpaced Winnipeg.

DimensionWinnipegOutside Winnipeg
Sales587348
Sales YoY+4%+11%
Active Listings852900
Avg Price$449,568$414,477
Price YoY+4%+12%
Sales-to-Listings68.9%38.7%
Condo · Nearly Equal
Wpg $296,786 vs Outside $299,169
Winnipeg-vs-Outside Condo gap narrowed to just $2,383; Wpg Condo sales YoY +13%.
Attached · Outside Higher
Outside $407,309 vs Wpg $388,739
Outside Attached avg YoY +29% was the largest gain (base 27); Wpg Attached sales YoY +53%.

Price Range Distribution

05 / PRICE BANDS

2nd consecutive month with $300–399k at the top (May–July had $400–499k leading).

Residential-Detached

$300,000 – $399,999209 sales · 22%
$400,000 – $499,999204 sales · 21.8%

Condominium

$200,000 – $299,99968 sales · 34%
$100,000 – $199,99956 sales · 28%
High end: September $1M+ Detached sales of 16 (highest $2.2M+), up from September 2024's 9 — +78% (+7).

YTD September · Regional Detached

06 / AREAS
RegionYTD AvgYoYYTD SalesYoY
All MLS Areas$454,488+8%8,300+5%
Winnipeg$466,955+7%5,338+3%
Total Outside Winnipeg$432,022+9%2,962+8%
Lake Country$306,077+5%507+3%
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)$261,9040%167+10%

Most Active Neighbourhoods

07 / COMMUNITIES
Detached · Winnipeg
Waverley West (top) · River Park South (next)
Q1–Q3 cumulative top also Waverley West, East Transcona next.
Condo · Winnipeg
Osborne Village (top) · Fort Richmond (next)
Q1–Q3 second: Waverley West and Downtown tied.
Detached · Outside
Steinbach (top) · Morden/Winkler (next)
Condo · Outside
Morden/Winkler (top) · Gimli (next)
Q1–Q3 top Morden/Winkler.

The Read · Two Storylines

08 / TAKEAWAYS

Volume & Prices Both Strong

  • Sales rebounded strongly, +12% YoY
  • Detached / Condo averages set record September highs
  • All three types positive on sales, Attached +47%
  • YTD sales 3rd-best on record, near 2nd-best
  • $1M+ Detached +78% for the month, +36% YTD

Structural Shifts

  • Winnipeg Detached listings first positive YoY (+1%)
  • 2nd straight month with $300–399k at the top
  • Outside Morden/Winkler sales YoY -14% persisted
  • Winnipeg-vs-Outside Condo averages nearly equal
  • Detached avg still below summer peak

Fact Sheet

09 / FACT SHEET
Reporting PeriodSeptember 2025
Property ScopeAll MLS® Areas
Total Sales1,391 (YoY +12%)
Total Dollar Volume$547,561,692 (YoY +17%)
Condo Avg Price$297,213 · record September
Detached Avg Price$436,507 (YoY +6%)
YTD $1M+ Detached162 (YoY +36%)
YTD All-Property Sales12,161 · 3rd-best on record
Data source: publicly released monthly MLS® market statistics for the Winnipeg region. This page is an independent historical data compilation and restructuring based on publicly released market statistics. No original market commentary, forecasts, or quotations from the source report are reproduced. Some cross-year/cumulative comparisons include estimates and are for reference only.
Monthly Summary

Sales rebound strongly, prices keep setting records —
YTD sales near the all-time 2nd-best.

Sales +12% · Condo $297,213 (record September) · Dollar volume $547.6M (+17%)
YTD sales 3rd-best, only 103 behind 2nd-best · $1M+ YTD +36%

Pattern: volume recovered and the high end expanded — the market regained strength.