The Winnipeg real estate market closed out the first half of 2025 on a high note, with prices and activity levels climbing across multiple segments. Here’s what you need to know from the June market update:

The average price of a residential detached home hit $473,131, up 8% year-over-year — the highest ever recorded for June. Condominium prices also reached new heights, averaging $291,647, a 7% increase from last June.

🏠 Detached Homes Dominate
Detached homes continued to be the cornerstone of the market, with 1,211 sales in June, up 8% from 2024. A notable trend: 48% more homes sold at or above $1 million compared to June last year — including one that topped $2.3 million.

The most active price bracket? $400,000–$499,999, which accounted for 24% of all detached sales, followed by the $300,000–$399,999 range.

Popular areas included Waverley West and River Park South in Winnipeg, with Steinbach leading the way outside the city.

🏢 Condominium Market Heating Up
Condo sales were up 10%, with 227 units sold in June. Inventory also increased slightly, allowing for more buyer options. In Winnipeg, Osborne Village led in sales activity, with Waverley West and Crestview close behind. Outside the city, Niverville/Ritchot was the top performer.

Most condos sold in the $200,000–$299,999 price range, accounting for one-third of all condo transactions.

Curious about buying or selling Real Estate in Winnipeg? Find some helpful information in the posts below:

• Top Neighbourhoods in Winnipeg: Where to Live, Buy, and Invest with Goodfellow Realty
• Thinking About Relocating to Winnipeg? Here’s What Families Should Know
• Is Winnipeg Real Estate Becoming More Valuable?

🔄 Residential Attached Homes Gain Ground
Sales of residential attached homes climbed 14% to 113 units in June, with an average price of $372,937. Winnipeg saw a 13% bump in sales, while areas outside the city grew by 19%.

📉 Inventory Tightens
Active listings for all property types fell by 10% year-over-year, reflecting a tightening market that’s putting upward pressure on prices. Detached home inventory dropped by 14%, while condo listings rose slightly — offering more balance in that segment.

🧭 Regional Highlights
Year-to-date, the average residential detached home price rose 9% to $460,790, with the highest gains in Gimli (+10%), Lake Country (+10%), and Steinbach (+7%). Notably, West St. Paul saw a 49% increase in unit sales despite a slight dip in average price.

💡 What This Means for Buyers and Sellers
Whether you’re looking to upsize, downsize, invest, or relocate, the current market presents strong opportunities — but also demands preparation. With many homes selling above list price and inventory remaining tight, working with an experienced REALTOR® is more valuable than ever.

At Goodfellow Realty Ltd., we’re here to help you navigate the changing landscape with expert advice, local knowledge, and proven results. Thinking of selling? We can connect you with a trusted REALTOR® in your new city while helping you get top dollar here in Manitoba.

📞 Let’s talk strategy — your next move starts here.

Source: Winnipeg Regional Real Estate Board – June 2025 Market Release

Do you want to know more about buying or selling a home? Our Winnipeg real estate agents are standing by with the answers you need for an informed decision. Contact us today at info@goodfellowrealty.com or call 204-224-2551 to take the next step.