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

October 2025 Market Report
Outside Average Inverts Above Winnipeg · Supply Rebounds

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

Dollar Volume$540.3M
Sales
1,344+1% vs 2024
Condo Avg
$297,428+12% · ~year peak
Wpg Detached Listings
+15%largest gain of 2025

Marker · Outside Average Again Inverts Above Winnipeg

01 / MILESTONE

Key event: Outside Winnipeg Detached avg $447,987 again exceeded Winnipeg's $439,272, a gap of +$8,715 (+2.0%) — the 2nd Outside-above-Winnipeg monthly inversion since February. Meanwhile Winnipeg Detached listings rose 15% YoY, the largest gain of 2025 — clear supply rebound.

2nd Inversion Since February
+$8,715Outside Detached avg above Winnipeg · October 2025
Outside avg
$447,987
Winnipeg avg
$439,272
Wpg listings YoY
+15% (year's largest)
Takeaway: Detached and Condo averages both rose MoM (the 5th dual MoM rise of 2025); Condo avg $297,428 sat just $436 below May's year peak $297,864 — effectively at the all-time high.

October Headline · All Property Types

02 / OVERVIEW

October sales of 1,344 were up 1% YoY; YTD dollar volume ranked 2nd-best through October on record.

MetricOct 2025vs 2024vs 5-Yr Avg
Sales1,344+1%+6%
Active Listings3,519-3%+1%
Dollar Volume$540,292,822+7%+16%
Headline figures by property type
TypeSalesvs24Listingsvs24Avg Pricevs24
Detached914-1%1,603-4%$442,104+4%
Condominium171-19%430+6%$297,428+12%
Attached115+29%258+4%$379,825even
Note: Condo sales YoY -19% was 2025's largest Condo sales decline, yet the average still reached a near-year-peak level.

YTD 2025 · Through October

03 / YTD

Year-to-date sales of 13,502 were up 5% YoY, with dollar volume over $5.4 billion, up 12%.

Type / MetricYTD SalesYoYYTD AvgYoY
All Property sales13,502+5%——
Residential-Detached9,213+4%$453,260+7%
Condominium1,941+1%$284,215+3%

Detached · Winnipeg vs Outside

04 / REGIONAL

Winnipeg Detached listings YoY +15% was 2025's largest positive (Jan–Aug all negative, Sep only +1%) — supply rebound clearly emerging.

DimensionWinnipegOutside Winnipeg
Sales617297
Sales YoY+2%-6%
Active Listings824779
Listings YoY+15%-18%
Avg Price$439,272$447,987
Price YoY+1%+8%
Sales-to-Listings74.9%38.1%
Condo · Both Slices Positive Listings
Wpg +4% · Outside +17%
First month this year with both Condo slices positive on listings YoY.
Attached · Winnipeg Leads
Wpg sales YoY +35%
Winnipeg Attached listings YoY +24%; Outside Attached avg YoY -16%.

Price Range Distribution

05 / PRICE BANDS

Detached top range $300–399k at 28% concentration was 2025's highest; second range dropped to $200–299k, spreading into lower-mid tiers.

Residential-Detached

$300,000 – $399,999253 sales · 28%
$200,000 – $299,999122 sales · 13%

Condominium

$200,000 – $299,99956 sales · 33%
$100,000 – $199,99944 sales · 26%
High end: $1M+ Detached sales of 23 (highest $3.4M+), up from October 2024's 16 (+44%, +7); YTD cumulative estimated ~185.

YTD October · Regional Detached

06 / AREAS
RegionYTD AvgYoYYTD SalesYoY
All MLS Areas$453,260+7%9,213+4%
Winnipeg$464,089+6%5,954+3%
Total Outside Winnipeg$433,476+9%3,259+7%
Lake Country$250,790+7%7640%
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%

· Lake Country YTD avg dropped sharply from September (methodology/lower-priced sales); Niverville/Ritchot YTD sales weakened from -1% to -5%.

Most Active Neighbourhoods

07 / COMMUNITIES
Detached · Winnipeg
St. Vital / West Kildonan / Polo Park — 3-way tie at top
A 3-way top tie plus 4-way second tie was the first such pattern of 2025, indicating notably dispersed October sales.
Condo · Winnipeg
Osborne Village (top) · Waverley West (next)
Detached · Outside
Morden/Winkler (top, took over from Steinbach) · Steinbach (next)
Condo · Outside
Morden/Winkler (top) · Steinbach (next)

The Read · Two Storylines

08 / TAKEAWAYS

Prices Still Firm

  • Condo avg $297,428, effectively at year peak
  • Detached and Condo averages both rose MoM
  • Outside Detached avg YoY +8%
  • $1M+ Detached sales +44% YoY
  • YTD dollar volume 2nd-best through October

Supply-Demand Rebalancing

  • Outside avg again inverted above Winnipeg (+$8,715)
  • Winnipeg Detached listings +15% YoY, supply rebounds
  • Condo sales YoY -19%, year's largest decline
  • Sales structure spreading to lower-mid tiers
  • Winnipeg Detached sales highly dispersed

Fact Sheet

09 / FACT SHEET
Reporting PeriodOctober 2025
Property ScopeAll MLS® Areas
Total Sales1,344 (YoY +1%)
Total Dollar Volume$540,292,822 (YoY +7%)
Condo Avg Price$297,428 · effectively year peak
Wpg Detached Listings YoY+15% · 2025's largest
$1M+ Detached23 (YoY +44%)
YTD All-Property Sales13,502 (YoY +5%)
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

Prices hold firm, supply rebounds clearly —
Outside average again inverts above Winnipeg.

Condo $297,428 (effectively year peak) · Outside Detached above Winnipeg by +$8,715
Winnipeg Detached listings +15% (year's largest) · Total sales +1%

Pattern: prices firm, supply rebounding — the market entered a supply-demand rebalancing phase.