September Market Warms Up: Sales and Prices Climb Across the Region

The fall real estate market in Winnipeg and surrounding areas is heating up. September 2025 saw strong gains in MLS® sales, dollar volume, and average prices across nearly all property types — a sign that buyer activity remains resilient even as inventory tightens.

According to the Winnipeg Regional Real Estate Board (WRREB), September MLS® sales reached 1,391, up 12%from September 2024 and 7% above the five-year average. Total dollar volume exceeded $547 million, a 17% year-over-year increase, while active listings dipped 8% to 3,704.

Residential Detached Homes

Detached properties continued to anchor the market in September:

• 935 sales, up 6% from 2024
• Average price: $436,507, up 6% year-over-year
• Active listings: down 12%, reflecting ongoing supply pressure

Inside Winnipeg, detached home prices averaged $449,568, a 4% rise from last year, while properties outside the city saw even steeper growth — up 12% to $414,477.

The most active price bracket for detached homes was the $300,000–$399,999 range, representing 22% of all September sales. Another 21.8% of transactions fell between $400,000–$499,999.
High-end activity also grew, with 16 homes selling for $1 million or more, nearly double the 9 million-dollar sales from September 2024.

Condominiums:

Condo sales saw the strongest percentage jump of any major category:

• 201 sales, up 16% year-over-year
• Average price: $297,213, a 7% increase
• Active listings: down 7%

Winnipeg’s most active condo communities were Osborne Village and Fort Richmond, while Morden/Winkler and Gimli led sales outside the city.
The $200,000–$299,999 price range accounted for 34% of all condo transactions, followed by the $100,000–$199,999range at 28%.

Residential Attached Homes:

The attached home segment (such as townhomes and duplexes) posted one of the largest sales surges this year:

• 116 sales, up 47% from September 2024
• Average price: $393,062, up 9%
• Listings: relatively steady year-over-year

Homes outside Winnipeg saw especially strong appreciation — average prices climbed 29% to $407,309.

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?

Year-to-Date Snapshot:

Through the first three quarters of 2025:

• All MLS® sales: 12,161 (up 6% from 2024)
• Total dollar volume: over $4.8 billion (up 12%)
• Average detached home price: $454,488 (up 8%)
• Average condo price: $282,922 (up 2%)

Among regional highlights, Winnipeg’s detached home average hit $466,955 (+7%), while communities outside Winnipeg averaged $432,022 (+9%).

Regional Leaders

Waverley West led all Winnipeg neighbourhoods in detached home sales, followed by River Park South.

Steinbach topped the charts for detached sales outside the city, with Morden/Winkler close behind.

On the condo side, Osborne Village and Downtown continue to attract buyers looking for urban convenience.

Expert Insight

“Like the weather, September’s real estate market performance warmed up with increases to MLS® sales, dollar volume and average prices,” said Michael Froese, 2025–2026 President of the WRREB.
Marina R. James, WRREB CEO, added that the results underscore the value of working with a REALTOR® who can “build a strategy with your best interests in mind” in a competitive market.

👉 Bottom Line: Momentum is carrying into the final quarter of 2025. With inventory tightening and demand steady, both buyers and sellers can benefit from professional guidance and data-driven insights as they plan their next move.

Thinking of buying or selling in Winnipeg or surrounding areas? Connect with the team at Goodfellow Realty Ltd. — your local experts ready to help you navigate every corner of the real estate market.. Contact us today at info@goodfellowrealty.com or call 204-224-2551 to take the next step.