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The Winnipeg real estate market continued to show strength in May 2025, with home prices in Winnipeg reaching historic highs for both residential detached homes and condominiums. Whether you're thinking of selling a home in Winnipeg or keeping an eye on homes for sale in Winnipeg, staying informed on the latest trends is essential in this competitive landscape.

📈 Winnipeg Housing Market Overview – May 2025

The numbers are in, and they reflect a market driven by high demand and limited inventory:

• Total MLS® Sales: 1,789 (+4% vs. May 2024)

• Active Listings: 3,650 (–11% YoY)

• Total Dollar Volume: Over $737 million (+12%)

This was the highest total dollar volume for any May on record, a clear sign that the Winnipeg housing market remains hot.

🏠 Residential Detached Homes – Breaking Records

Detached properties led the way with:

• Sales: 1,259 (+6%)

• Average Price: $459,320 – an all-time high

Most activity occurred in the $400K–$499K range, which made up 25% of all detached home sales. Notably, 23 homes sold for over $1 million, with the highest surpassing $3M.

🏘️ Top Neighbourhoods for Detached Sales:

• Waverley West (Winnipeg)

• East Transcona (Winnipeg)

• Steinbach (Rural)

• Morden/Winkler (Rural)

🏢 Winnipeg Condo Market – Price Peaks Amid Fewer Sales

While condo sales in Winnipeg dipped 16% from last year, average prices hit a record high of $297,864 – a 7% increase. The $200K–$299K price point dominated the condo segment, with one luxury unit selling for over $1.5 million.

🏙️ Hottest Areas for Condo Sales:

• Osborne Village

• Fort Richmond

• Niverville/Ritchot (Rural)

• La Salle (Rural)

📊 Year-to-Date Summary – 2025 So Far

Compared to the first five months of 2024:

• All MLS® Sales: 6,094 (+7%)

• Detached Avg. Price: $456,972 (+9%)

• Condo Avg. Price: $277,954 (even YoY)

The year-to-date data shows that property values in Winnipeg are continuing to rise, especially in the residential detached home market.

Source: Winnipeg Regional Real Estate Board.

🔑 What This Means for Buyers & Sellers

Thinking of buying a home in Winnipeg? Act fast—competition is fierce, especially in mid-range price brackets. Pre-approvals and strong offers are key in today’s market.

Selling a home in Winnipeg? This may be the best time to list. Record-setting Winnipeg home prices and low inventory create the perfect environment to maximize your sale price.

If you're thinking about making a move, April's real estate numbers are speaking loud and clear—Winnipeg’s market is buzzing this spring! We saw a notable increase in buyer activity, with MLS® sales jumping 8% over April 2024. That’s 1,523 homes sold, making this the second-best April on record for overall sales and dollar volume, right behind the red-hot market of 2021.

Despite more homes flying off the market, active listings were actually down 13% compared to last year. That means inventory is tighter, and motivated buyers are acting fast—often with strong offers in hand. The total dollar volume exceeded $623 million, up 12% year-over-year, showing just how much confidence buyers are bringing to the table.

Detached homes stole the spotlight again, with 1,043 sales (up 7%) and an average sale price of $465,402—also a 7% increase. This price point marks the second-highest on record for residential detached, just shy of the all-time high we hit in March. Clearly, well-presented single-family homes are still in high demand.

On the condo side, it was a slightly different story. Sales dipped by 4%, and the average condo price came in at $274,483, down 4% from April 2024. But don’t let that fool you—condos remain an appealing choice for first-time buyers, investors, and downsizers, especially with rising detached prices.

Residential Detached Sales:

• Waverley West had the highest number of residential detached home sales in Winnipeg.

• Charleswood ranked second in Winnipeg.

• 23 homes sold over $1 million, with the highest at $4 million.

  • In comparison, April 2024 had 18 $1M+ sales, with the highest just over $2 million.

Condominium Sales:

• Osborne Village had the most condo MLS® sales in Winnipeg.

• Waverley West followed as the second most active condo area in the city.

• The most active price range: $175,000–$199,999 with 26 sales (13% of total condo sales).

• Second most active range: $225,000–$249,999 with 22 sales (11% of total condo sales).

In today’s fast-moving market, buyers need to be prepared before they even step inside a showing. That means getting pre-approved, understanding your budget, and being ready to make a strong, confident offer when the right home comes along. Working with a Realtor® who knows how to navigate a competitive market is crucial—I can help you strategize, negotiate, and move quickly when opportunity knocks.

For sellers, first impressions matter more than ever. With buyers eager and inventory tight, showcasing your home at its absolute best can make all the difference. From staging tips to small updates that add big value, I’m here to guide you through the selling process and help you make the most of today’s hot market.

Wondering what homes are selling for in your neighborhood?

The best way to get an accurate picture is with a Comparative Market Analysis (CMA)—a detailed report that shows how your home compares to similar properties recently sold in your area. I offer this as a complimentary service, and it’s a great first step whether you’re just curious or seriously considering selling. Reach out to me anytime to set one up!

Source: Winnipeg Regional Real Estate Board.