April 2025 Real Estate Market Update -  A Strong Spring Surge in Winnipeg

Winnipeg’s real estate market is heating up—just in time for the spring selling season. April 2025 was a remarkable month for local real estate, showing positive momentum across many key indicators and providing plenty of opportunities for both buyers and sellers.

Here’s what you need to know if you’re considering making a move this spring.

Market Snapshot - Growth Across the Board

The Winnipeg Regional Real Estate Board (WRREB) reported that All MLS® sales in April 2025 reached 1,523, up 8% from April 2024 and 1% above the five-year average. The total dollar volume surpassed $623 million, marking a 12% increase year-over-year. Despite lower inventory, buyer demand continues to push the market forward.

While active listings dipped by 13% compared to April 2024 (now at 3,339), the market remained competitive—especially for detached homes.

Residential Detached Homes - A Seller’s Market

Detached homes continued to lead the way,

• MLS® sales totaled 1,043, a 7% increase year-over-year

• Average sale price rose 7%, reaching $465,402

• 23 homes sold over $1 million, with one record-breaking sale at $4 million

Neighbourhoods like Waverley West and Charleswood saw the most sales activity within Winnipeg, while Steinbach and Morden/Winkler led outside the city. These trends suggest high interest in suburban communities that offer space, value, and a strong sense of community.

Residential Attached Homes - Significant Growth Across the Board

Residential attached properties—such as townhomes, duplexes, and semi-detached homes—had a standout performance in April 2025, showing major gains in both sales and value. With growing interest from first-time buyers and downsizers alike, this segment is proving to be a vital part of Winnipeg’s housing market.

Here’s how the numbers break down,

• Sales rose 46% year-over-year to 134 units, outperforming the 5-year average by 24%

• Average price increased by 2% to $373,942

• Active listings decreased by 10%, signaling a tightening market with reduced supply

Condominium Market - Slower but Still Active

On the condo front, things cooled slightly,

• Sales were down 4% (206 total units sold)

• Average price dropped by 4% to $274,483

However, neighborhoods like Osborne Village and Waverley West remained top picks for condo buyers. In April, the $175,000–$199,999 price range saw the most sales activity (13% of all condo transactions), followed by the $225,000–$249,999 range.

This is great news for first-time buyers or downsizers looking for an affordable entry point into homeownership.

Year-to-Date Overview - A Strong Start to 2025

So far in 2025,

• All MLS® sales are up 8% (4,313 total)

• Total dollar volume exceeds $1.7 billion, a 15% increase over 2024

• Detached home sales are up 6%, with average prices climbing to $457,125

• Condo sales are up 6% despite the slight dip in average price

According to Michael Froese, 2025-2026 WRREB President, this April was the second-best April on record for both sales and dollar volume. Only April 2021 was stronger. Meanwhile, March 2025 still holds the title for the highest-ever average price for a residential detached home—but April came close.

Neighborhood Insights - Where Homes Are Selling 

Real estate is always local, and 2025 is proving that each Winnipeg neighborhood has its own rhythm and price point. According to the Winnipeg Regional Real Estate Board, the Southwest region stands out in the luxury market, boasting the highest average home price at $616,699 year-to-date.

This area includes well-established, upscale neighborhoods like Tuxedo, Linden Woods, and Whyte Ridge, which continue to attract luxury buyers with spacious lots, high-end finishes, and proximity to parks and private schools.

According to the Winnipeg Regional Real Estate Board, April 2025 saw 23 residential detached homes sold over $1 million, with the highest-priced sale reaching $4 million. This marks an increase from April 2024, which had 18 such sales, the highest at just over $2 million.

What This Means for You

Whether you're buying or selling, now is a promising time to act. With prices and sales on the rise, especially in detached homes, sellers are in a strong position to get top dollar. For buyers, knowing your budget, getting pre-approved, and working with a REALTOR® who understands today’s fast-moving market is key.

Let’s Connect

If you're thinking about entering the market this spring—whether buying, selling, or simply exploring your options—I’m here to help. With insight, local knowledge, and a passion for supporting my clients through every step of the process, I’ll make sure you feel confident and prepared.

Tara Zacharias, REALTOR®