Winnipeg Real Estate- Regional Market Update for January 2025

📈 MLS® Sales Continue to Rise

January 2025 marked the seventh consecutive month of year-over-year sales increases in the Winnipeg real estate market. All MLS® sales totaled 722, up 10% from January 2024 and 1% above the 5-year average.

While active MLS® listings dropped 14% year-over-year to 2,597, total dollar volume climbed to $258 million, reflecting a 9% increase from last year.

Key Market Highlights

✅ Residential Detached Homes

• Sales: 447 (+1%)
• Average Price: $413,247 (+4%)
• Active Listings: 1,077 (-18%)

✅ Condominiums

• Sales: 111 (+12%)
• Average Price: $249,793 (-10%)
• Active Listings: 303 (-19%)

✅ Residential Attached Homes

• Sales: 60 (+22%)
• Average Price: $356,058 (-9%)
• Active Listings: 194 (-11%)

Winnipeg vs. Surrounding Areas

📍 Winnipeg

• Detached Home Sales: 274 (-5%)
• Detached Home Price: $424,580 (+6%)
• Condo Sales: 96 (+13%)
• Condo Price: $239,108 (-14%)

🌿 Outside Winnipeg

• Detached Home Sales: 173 (+11%)
• Detached Home Price: $395,299 (+1%)
• Condo Sales: 15 (+7%)
• Condo Price: $318,174 (+13%)

🏡 Most Active Neighbourhoods

• Detached Homes: Waverley West led the way, followed by Windsor Park & West Kildonan.
• Condominiums: River Heights saw the highest condo sales, with Osborne Village in second place.

💰 Hottest Price Ranges

• Detached Homes: $375,000–$399,999 (8% of sales)
• Condominiums: $150,000–$174,999 (17% of sales)

🚀 Luxury Market

• 8 homes sold over $1 million, with the highest-priced sale exceeding $1.7 million.

💡 What This Means for Buyers & Sellers

• Low inventory continues to drive competition, especially for well-priced homes.
• Detached homes and condos remain strong, with values increasing in many areas.
• Now is a great time to list for sellers, as demand remains high.

📞 Thinking of Buying or Selling? Let’s connect!
📍 Tara Zacharias, REALTOR®
🌐 tarazacharias.com | 📲 204-293-0933