Winnipeg Real Estate Market Statistics - December 2024

Winnipeg Real Estate Market Ends 2024 on a Strong Note

The Winnipeg real estate market wrapped up 2024 with remarkable momentum, setting a second consecutive record month for MLS® sales. December’s results showcased a strong year-end surge, marked by increases across sales, dollar volume, and average prices compared to December 2023.

Key December 2024 Highlights

• MLS® Sales: 742, up 19% from December 2023, though 3% lower than the 5-year average.
• Active MLS® Listings: 2,393, down 19% from last year.
• Total MLS® Dollar Volume: Over $272 million, up 22% year-over-year.

Residential Detached Homes All MLS®

• Sales: 468 (up 15%).
• Average Price: $423,908 (up 4%).

Condominium Sales for All MLS®

• Sales: 120 (up 18%).
• Average Price: $272,728 (up 1%).

Residential Attached Home Sales for All MLS®

• Sales: 70 (up 46%) 
• Average Price: $384,886 (up 12%)

“Similar to November, total December MLS® sales for all property types represented the third best December result on record" said Daphne Shepherd, President of the Winnipeg Regional Real Estate Board. “December represents the eighth month in 2024, and third consecutive month, when there were double digit increases for total All MLS® sales for all property types. December MLS® sales, average prices and dollar volume for the main three property types were higher than last year while all but residential detached MLS® sales were higher than the 5-year average.”

2024 Year-to-Date Stats by Property Type for all MLS® Areas

• Residential Detached Homes: 9,987 sales (up 11%), with an average price of $423,878 (up 6%).
• Condominiums: 2,194 sales (up 13%), average price $274,201 (up 6%).
• Residential Attached Homes: 1,039 sales (up 21%), average price $365,965 (up 10%).

A Robust Year for Winnipeg Real Estate

The 2024 year-end totals underscore the market’s performance:

• All MLS® Sales: 14,597, up 13% from 2023.
• Total MLS® Listings: 22,858, a modest 2% increase year-over-year.
• Total Dollar Volume: Over $5.5 billion, an impressive 20% rise.

Neighborhood Standouts

• Residential Detached Sales:

  • Waverley West led in Winnipeg, followed by West Kildonan.
  • Outside Winnipeg: Morden/Winkler topped the list, with Steinbach and West St. Paul tied for second.
  • Noteworthy: Six homes sold at or above $1 million, matching last December’s record.

• Condominium Sales:

  • Osborne Village recorded the highest activity, followed by Downtown Winnipeg.
  • Top Price Range: $200,000–$224,999, accounting for 14% of sales.

Looking Ahead to 2025

The Winnipeg real estate market capped off 2024 with impressive December performance, marking a year of growth and resilience.

With sustained demand and rising prices, 2025 looks promising for both buyers and sellers. Whether you're looking to invest or make a move, the continued strength of Winnipeg’s real estate market offers confidence.

Let's discuss opportunities for how you can be a part of this exciting market, contact me today as your licensed REALTOR®.