Winnipeg & Area Real Estate Market Update for August 2025

August brought some interesting shifts in the Winnipeg and surrounding areas real estate market. While overall MLS® sales dipped compared to last year, both residential detached homes and condominiums reached record-high average prices for the month of August.

 August 2025 Highlights

• All MLS® Sales 1,402 down 5% from Aug 2024

• Active Listings 3,624 down 10%

• Total Dollar Volume $561M up 3%

Residential Detached

Detached homes continue to drive the market, setting another monthly price record.

• Overall

  • Sales - 970 down 5% Year over Year

  • Average Price - $450,596 up 8% Year over Year

  • Listings -  1,688 down 12%

• Winnipeg

  • Sales - 612 down 7%

  • Average Price - $457,989 up 6%

  • Listings - 776 down 4%

• Outside Winnipeg

  • Sales - 358 down 3%

  • Average Price - $437,959 up 13%

  • Listings - 912 down 19%

 Prices are at record highs, especially outside Winnipeg where affordability is still attracting buyers despite reduced inventory.

Residential Attached

Attached homes had a more balanced month, with Winnipeg and rural markets showing different trends.

• Overall

  • Sales - 97 up 3% Year over Year

  • Average Price - $381,216 up 5% Year over Year

  • Listings - 241 down 4%

• Winnipeg

  • Sales - 68 down 8%

  • Average Price - $394,673 up 6%

  • Listings - 180 up 10%

• Outside Winnipeg

  • Sales - 29 up 45%

  • Average Price - $349,660 up 9%

  • Listings - 61 down 30%

Winnipeg’s attached market is slower despite more listings, while rural municipalities saw strong sales growth and price gains.

Condominiums

Condo sales softened slightly overall, but average prices continue to climb.

• Overall

  • Sales - 204 down 3% Year over Year

  • Average Price - $280,143 up 4% Year over Year

  • Listings - 443 down 4%

• Winnipeg

  • Sales 180 up 1%

  • Average Price $274,238 up 3%

  • Listings 367 up 1%

• Outside Winnipeg

  • Sales 24 down 25%

  • Average Price $324,432 up 12%

  • Listings 76 down 21%

Winnipeg’s condo market remains stable with modest sales growth and rising prices, while outside Winnipeg sales dropped but prices rose sharply.

Year-to-Date Market Overview (Jan–Aug 2025)

• All MLS® Sales 10,773 (+5%)

• Total Listings 16,635 (-1%)

• Total Dollar Volume $4.3B (+12%)

Market by Region (YTD Residential Detached)

• Winnipeg $469,029 avg. price (+7%)

• Outside Winnipeg $434,357 avg. price (+9%)

Regional Snapshots

• Lake Country $311,705 (+8%)

• Steinbach (R16) $408,799 (+7%) 

• Morden/Winkler (R35) $363,703 (+11%)

• Gimli (R26) $316,370 (+11%) 

• Niverville/Ritchot (R07) $522,986 (+4%) 

• Morris (R17) $268,894 (+3%)

The Winnipeg housing market continues to show diverse trends across property types and regions, giving buyers and sellers plenty to consider as we move into the fall season.

Residential Detached

Detached homes remain the most active segment, with 1,688 active listings and 970 sales in August. The average price sits at $450,596 with an average size of 1,365 sq. ft. While demand remains steady, sales activity is lower compared to the post-pandemic highs seen in 2020.

Condominiums

Condo living is holding strong with 443 active listings and 204 sales. The average price of $280,143 makes this category an appealing entry point for buyers, especially with average unit sizes just over 1,000 sq. ft.

Residential Attached

Townhomes and duplexes are carving out their niche, with 241 listings and 97 sales. At an average price of $381,216 and a generous 1,301 sq. ft., these homes offer great value for families seeking affordability and space.

Regional Trends

Location continues to play a big role in price differences. The Southwest leads the pack at $602,539, while the West region averages $355,768, highlighting a wide affordability range across Winnipeg. The Southeast ($507,601) and Rural Municipalities ($434,357) also remain attractive options for buyers seeking more variety.

What This Means for Buyers & Sellers

• For Buyers Fewer active listings means more competition. If you’re shopping for a home, be prepared to act quickly and come with financing pre-approval in place. With a wide range of options, from affordable condos averaging $280K to spacious townhomes and detached homes, buyers have more choice and negotiating power this fall. Regional differences also mean opportunities for value in areas like the West and North.

• For Sellers Record-high prices in both detached and condos signal strong opportunities to list. Well-priced homes are still moving, even with slightly fewer overall sales. Strong sales activity across all property types shows continued demand. Detached homes remain the most popular, and higher-value regions like the Southwest and Southeast are commanding strong prices, great news for sellers looking to maximize returns.

Thinking about making a move this fall? Whether you’re buying, selling, or investing, I can walk you through what these numbers mean for your specific situation in Winnipeg or the surrounding communities.

Tara Zacharias, REALTOR®