March 2025 Winnipeg Regional Market Statistics

🏡 March 2025 Market Update - Strong Q1 Sales & a New Price Record for Winnipeg Homes

If you’ve been following Winnipeg’s real estate trends—or thinking of jumping into the market—March 2025 delivered some big news. Not only are sales holding strong, but prices continue to climb, especially for detached homes. With solid growth across all housing types, it’s been a strong start to the year overall.

Let’s have a look at what’s happening in the market and what it means for you.

📈 Key Highlights from March

• MLS® sales: 1,189 in March — up 6% over March 2024

• Dollar volume: Over $479 million — up 14% year-over-year

• Active listings: 3,096 — down 9% from March 2024

• While still 11% below the 5-year average, we’re seeing consistent year-over-year growth

🏠 Residential Detached Homes

Detached homes continue to lead the market

• Sales: 776 — up 4% year-over-year

• Average price: $470,399 — a 12% increase, setting a new all-time high

This is now the second month in a row where Winnipeg set a new record for detached home prices. The demand is clearly there—and if you're a seller, this could be your ideal time to list.

🏘️ Residential Attached Homes (Duplexes, Townhomes, etc.)

Residential attached homes are also gaining traction.

• Sales: 83 in March — a 12% increase over March 2024

• Average price: $369,293 — up 7% year-over-year

Attached homes continue to offer a more affordable entry point than detached properties, especially for first-time buyers or downsizers who still want yard space and privacy. They’re a great middle ground between condos and single-family homes.

🏢 Condominium 

Condo activity remains strong and steady.

• Sales: 199 — up 6%

• Average price: $277,068 — a modest 1% increase

Osborne Village continues to lead Winnipeg’s condo sales, followed by Downtown, Waverley West, and Richmond West. Outside the city, Morden/Winkler and Niverville were among the top performers.

Most popular condo price range?
$150K–$174K, which made up 14% of all March sales, followed by the $225K–$249K range.

📊 First Quarter 2025 Snapshot

Q1 totals continue to show strength across the board.

• All MLS® sales: 2,791 — up 9%

• MLS® dollar volume: ~$1.1B — up 16%

• Residential detached:

  • Sales: 1,770 — up 5%

  • Average price: $452,248 — up 11%

• Residential attached:

  • Sales: 198 — up 15%

  • Average price: $356,441 — up 6%

• Condos:

  • Sales: 465 — up 12%

  • Average price: $269,695 — down 1%

We’ve now seen nine consecutive months of year-over-year MLS® sales growth, and Q1 2025 is the third strongest first quarter on record.

🌍 Neighbourhoods to Watch

Residential Detached Homes:

• 🏡 Inside Winnipeg: Top-selling area was Waverley West, followed by East Transcona

• 🌲 Outside Winnipeg: Steinbach led the way, followed by Morden/Winkler

Residential Attached Homes:

• Inside Winnipeg: Popular attached home neighbourhoods included Amber Trails, North Kildonan, and Sage Creek

• Outside Winnipeg: Interest is rising in newer townhome developments in Niverville and Oak Bluff

Condos:

• Top area: Osborne Village, followed by Downtown

• Outside Winnipeg: Morden/Winkler continues to lead, with strong sales in Niverville

💰 High-End Market Still Hot

• 13 detached homes sold at $1 million+ in March

• The highest sale was a $2 million home

• Q1 2025 has already seen 37 million-dollar home sales, double the number from Q1 2024

🗳️ Looking Ahead: Housing & Policy

With a federal election on the horizon, housing is front and centre. REALTORS® across the country, through CREA, are teaming up with advocacy groups like Habitat for Humanity and The Canadian Alliance to End Homelessness to push for long-term solutions—things like supply chain improvements, tax reform, and skilled labour development.

As always, I’ll keep bringing you updates not just on stats, but on what’s really happening in the market and how it affects your next move.

Ready to Make Your Move?

Whether you’re considering selling, buying your first home, or investing in a rental, now’s a great time to assess your options. With inventory still tight and prices trending upward, getting ahead of the spring rush could give you a real edge.

📲 Let’s connect and build a game plan tailored to your goals. I’m here to help you make smart, confident real estate decisions.

Tara Zacharias
REALTOR®
tarazacharias.com