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.
📞 Let’s Chat About Your Next Move
📲 204.960.7629
📧 tatianavkennedy@gmail.com
Whether you're exploring Winnipeg MLS® listings, wondering about your home’s value, or need guidance navigating the Winnipeg real estate market, I’m here to help you make confident, informed decisions.
