Market Statistics for Winnipeg Region February 2025

Winnipeg Real Estate Market – February 2025 Recap

February 2025 was a standout month for Winnipeg’s real estate market, with residential detached homes reaching their highest average price on record. Here’s a deep dive into the latest stats and trends shaping the market.

Market Highlights

📊 Overall Market Performance:

• Total MLS® Sales: 885 (⬆ 11% from February 2024)

• Total MLS® Dollar Volume: $348M (⬆ 27% from February 2024)

• Active Listings: 2,787 (⬇ 15% from February 2024)

📈 Residential Detached Homes:

• Sales: 550 (⬆ 11% YoY)

• Average Price: $458,064 (⬆ 14% YoY)

🏢 Condominiums:

• Sales: 156 (⬆ 19% YoY)

• Average Price: $274,036 (⬆ 2% YoY)

🏘 Residential Attached Homes:

• Sales: 86 (⬆ 19% YoY)

• Average Price: $379,152 (⬆ 10% YoY)

Breaking Records in Residential Detached Homes

“February 2025 is now the single month with the highest residential detached average price ever recorded, surpassing the previous record set in May 2022 by just over $3,000,” said Daphne Shepherd, President of the Winnipeg Regional Real Estate Board. This marks the seventh consecutive month where All MLS® sales ranked as the third-best result for that month on record and the eighth straight month of year-over-year MLS® sales growth.

Neighborhood Trends

🏡 Hottest Areas for Residential Detached Sales:

• Waverley West led Winnipeg in total sales

• St. James came in second

• Steinbach saw the most sales outside of Winnipeg, followed by Morden/Winkler

🏢 Top Areas for Condominium Sales:

• Osborne Village took the top spot

• Downtown and Waverley West tied for second

Price Ranges Driving the Market

💰 Residential Detached:

• The $600,000-$699,999 range saw the highest activity with 69 sales (13% of total sales)

• The $350,000-$374,999 range was the second most active with 46 sales (8%)

• There were 16 homes sold over $1 million, with the highest sale reaching almost $3 million

🏢 Condominiums:

• The $175,000-$199,999 range had the most activity, with 20 sales (13% of total condo sales)

• The $200,000-$224,999 range followed with 14 sales (9%)

• One high-end condo sold for over $2.2 million

In February 2025, the Winnipeg Regional Real Estate Board (WRREB) reported significant activity in the residential attached property sector. There were 86 sales, a substantial 13% increase compared to February 2024. 

The average price for residential attached homes increased by 6% from February 2024.

These statistics highlight a dynamic and growing market for residential attached properties in Winnipeg, offering opportunities for both buyers and sellers.

What This Means for Buyers & Sellers

✔️ For Sellers: The market remains strong, with rising prices and increasing sales. If you’ve been thinking about listing your home, now could be a great time to take advantage of the high demand.

✔️ For Buyers: Inventory remains lower than last year, but opportunities are still available. Understanding price trends and being pre-approved can help you move quickly when the right home comes along.

💬 Thinking of Buying or Selling? Let’s chat about your next move in this dynamic market.