Real Estate Market Statistics Around Winnipeg and Surrounding Areas for September 2025

 Prices Rise, Listings Tighten, and Buyers Stay Active – September 2025 Winnipeg Real Estate Market Update

The Winnipeg housing market wrapped up September 2025 with solid momentum across all property types. Detached homes, condos, and townhouses all saw higher prices and stronger sales, even as listings dipped. From the city core to surrounding regions like Steinbach and Morden/Winkler, demand remains steady — proving Manitoba’s real estate market continues to thrive despite tighter inventory.

Regional Detached Market Breakdown

This chart highlights how different areas of the Winnipeg region are performing in the detached home segment.

• City of Winnipeg: +7% year-over-year increase in average price

• Outside Winnipeg: +9% year-over-year rise in detached home prices

• Local regions: Morden/Winkler +14%, Steinbach +7% year-over-year increase

Buyers - If the price is too high inside the city, look to growing regions just outside. You may get more house for your dollar and still benefit from solid appreciation.
Sellers - If you own a home in one of the areas that has increased in demand, your equity is growing. It may be the perfect time to sell with the high demand.

Detached Home Sales Trending Upward in 2025

This chart shows a steady rebound in detached home sales after a few quieter years. September 2025 marks another year of growth, with activity climbing back toward earlier highs. The upward trend reflects renewed buyer confidence and a balanced market where well-priced homes are moving quickly.

Market Listings & Average Metrics

What this Snapshot Means for You

Buyers - Prices across all types are rising, so expect to pay more than last year and act quickly when you see something you like.

Sellers - This is a strong time to list your home. It is likely to sell for more and attract the interest of buyers more than in past years.

All-MLS Summary & Market Volume

This summary shows how all property types combined performed in September for the Winnipeg and surrounding areas market region.

• Total active MLS listings: 3,704 (−8% vs 2024)

• Total sales: 1,391 (+12% vs 2024)

• Total dollar volume: $547.6 million (+17%)

What it suggests

The market is high-velocity - properties are moving faster, and more value is exchanging hands even with fewer listings overall.

Advice for buyers & sellers

Buyers - Be patient, with fewer homes to choose from, you may have to compromise on condition or location. Be prepared to move fast when something good hits the market.

Sellers - Low supply + rising competition = opportunity. Homes priced right are likely to receive strong offers and sell quickly.

Residential Detached Homes

Single-family detached homes continue to be highest in demand, even with fewer listings.

• Listings: Down 12% from 2024

• Sales: Up 6% from 2024

• Average Price: $436,500 Up 6% from 2024

For Buyers - Inventory is tight, so have financing ready and act fast when the right home hits the market.

For Sellers - Low supply means less competition — pricing your home right could bring quick offers.

Residential Attached Homes

Attached homes (townhomes and duplexes) stayed very active this month.

• Sales: Up 47% compared to last year

• Average Price: $393,000  Up 9% from 2024

• Listings: Steady year-over-year

For Buyers - Be ready to move fast — attached homes, especially near Winnipeg, are going quickly.

For Sellers - Strong demand and higher prices make this a great time to list before winter arrives.

Condominiums

Condos are gaining traction again with strong fall activity.

• Sales: Up 16% from 2024

• Average Price: $297,000  Up 7% from 2024

• Listings: Down 7% from 2024

For Buyers - Condos are still the most affordable option, but prices are inching upward.

For Sellers - Demand is picking up — perfect timing for first-time buyers or downsizers looking now.

Home Prices Vary Across Winnipeg’s Local Markets

This map highlights just how different prices can be across Winnipeg’s regions. The Southwest continues to lead the way with the highest average home price at $599,424, followed by the Southeast at $504,329. The Rural Municipality areas also remain strong, averaging $432,022.

More affordable opportunities can be found in Winnipeg’s West ($354,491) and North ($374,889) areas, while the Northeast sits mid-range at $409,884.

Whether buying or selling, it’s important to remember that each neighborhood tells its own story — local trends can differ greatly even within the same city.