In 2025, the average price for a detached home in Winnipeg was $451,852, a 6.6% increase from 2024.
The condominium market also saw growth, with an average price of $281,927, up 3% year-over-year.
2025 Residential Property Performance
Detached Homes
Annual Average: $451,852 (up 6.6% vs 2024).
Peak Month: June reached a high of $472,880.
Market Leader: Southwest Winnipeg remained the most expensive region, with an average detached price of $594,873.
Condominiums
Annual Average: $281,927 (up 3% vs 2024).
Monthly Trend: Prices fluctuated, hitting $297,428 in October.
Attached Homes (Townhomes/Duplexes)
Average Price: Approximately $379,825, representing stable year-over-year value.
Growth: This category saw a significant 29% surge in sales volume as buyers sought affordable alternatives.
Market Dynamics & Forecasts
Overall Market: Total sales reached 15,180 units in 2025, a 4% increase over the previous year.
Inventory: Supply remained tight throughout the year, with active listings down roughly 4% by December compared to late 2024.
Neighborhood Hotspots: Waverley West and Bridgwater continued to command premium prices, while the North End and West End remained the city's most affordable areas.
2026 Outlook: The Winnipeg Regional Real Estate Board anticipates a transition toward a more balanced market as borrowing costs ease and inventory gradually expands.
Relocation Info
Below are links to important information that every homebuyer will find useful when relocating to Winnipeg.