As we wrap up 2025, Winnipeg’s real estate market continues to show strong year-to-date results, even though November itself was a quieter month. Sales, listings, and dollar volume were all slightly lower compared to last year, but overall activity for the year remains among the highest on record.

Year-to-Date Overview: Still One of the Strongest Years

So far in 2025:

• All MLS® sales are up 4% with 14,431 homes sold.
• Total dollar volume is up 10%, surpassing $5.7 billion.
• Detached home sales increased 3%, with the average price rising to $451,137 (up 6%).
• Condo prices also climbed, up 3% to $283,498.

Even with a softer November, these numbers show steady demand and healthy market conditions.

November at a Glance: Market Slows Down

November saw a dip in activity compared to last year:

All MLS®

• 935 sales (↓10%)
• $349M in total sales volume (↓12%)
• Active listings down 5%

DETACHED HOMES

• 630 sales (↓7%)
• Average price: $420,121 (↓3%)
• First month in 2025 where detached home prices didn’t set a new record.

CONDOMINIUMS

• 129 sales (↓15%)
• Average price: $272,718 (↑6%) — the only major category with price growth this month.

Where the Market Was Most Active

TOP SELLING AREAS (Detached Homes)

• East Kildonan led Winnipeg.
• St. Vital, River Park South, and River Grove were also strong.
• Steinbach had the most sales outside Winnipeg, followed by Morden/Winkler.

DETACHED PRICE RANGES

• 12 homes sold over $1 million, with the highest just over $2M.
• $300,000–$399,999 was the busiest range (25% of sales).
• $400,000–$499,999 was second (22%).

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?

Condo Market Highlights

• Osborne Village had the most condo sales in Winnipeg.
• Linden Woods was second.
• Oak Bluff/La Salle saw the most condo activity outside Winnipeg.

MOST COMMON CONDO PRICE RANGES

• $100,000–$199,999 (26% of sales)
• $200,000–$299,999 (38% of sales)

Attached Homes (Townhomes, Duplexes, etc.)

• Active listings up 13%
• Sales down 9%
• Prices remained stable at around $356,847

OUTSIDE WINNIPEG:

• Average price up 7%
• Sales up 47%

Final Thoughts

While November was quieter, 2025 overall remains one of Winnipeg’s strongest real estate years. Detached and condo prices are still higher than in 2024, and demand remains steady—especially in the mid-range price brackets.

If you’re planning a move in 2026, now’s a great time to understand how these trends might impact your buying or selling strategy.

Ready to Make Your Next Move? Contact Goodfellow Realty. At Goodfellow Realty, we’re here to help you navigate Winnipeg’s changing market with expert advice and personalized service. Whether you’re buying, selling, or exploring your options, reach our today at info@goodfellowrealty.com or call 204-224-2551. Let’s plan your next step with confidence.