By Jeremy Davis
September 2025 saw All MLS® sales of 1,391 up 12% from September 2024 and up 7% from the 5-year average. Active MLS® listings of 3,704 were down 8% and total MLS® dollar volume of over $547 million was up 17% from September 2024. Residential detached MLS® sales of 935 were up 6% while the average price of $436,507 was up 6% when compared to September 2024. Condominium MLS® sales of 201 were up 16% and the average price of $297,213 was up 7% from September 2024.
From a year-to-date perspective, All MLS® sales of 12,161 were up 6%, total MLS® listings of 18,892 were statistically even while total dollar volume of over $4.8B was up 12% from 2024. Year-to-date residential detached MLS® sales of 8,300 were up 5% and the average price of $454,488 was up 8% when compared to last September. Condominium MLS® sales of 1,771 were up 4% and the average price of $282,922 was up 2% above September 2024.
“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 Winnipeg Regional Real Estate Board. “Residential detached and condominium average prices reached new records for the month of September and totals through three quarters of 2025. Meanwhile, MLS® sales and dollar volume for All MLS®, residential detached and condominiums were above last year while only residential detached MLS® sales fell slightly below the 5-year average. Year-to-date All MLS® sales continue to track as the third highest on record and only 103 sales short of the second highest in 2020.”
Residential detached homes in September saw MLS® sales of 935 which is 6% above the 880 seen last September and 4% above the 5-year average of 901. Residential detached homes saw active MLS® listings of 1,752 which is down 12% from the 1,987 seen last September and 6% below the 5-year average of 1,871. The average price of $436,507 for a residential detached home rose 6% over last September’s $411,029 and was up 10% over the 5-year average of $397,963.
For September, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with the second most coming in River Park South. Outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.
Through three quarters of 2025, Waverley West was the neighbourhood in Winnipeg which has seen the most residential detached homes sold with the second most coming in East Transcona. Outside Winnipeg, the Steinbach area has seen the most residential detached homes sold followed by the Morden/Winkler area.
For September, the most active price range was $300,000-$399,999 which saw 209 MLS® sales, representing 22% of all residential detached MLS® sales. The $400,000-$499,999 price range was the second most active with 204 MLS® sales representing 21.8% of all residential detached MLS® sales in September.
MLS® sales of 201 for condominiums in September were 16% above the 174 seen last September and 9% above the 5-year average of 184. Active MLS® listings of 438 for condominiums were 7% below the 469 seen last September and 9% below the 5-year average of 483. The average price of $297,213 for a condominium in September was 7% above last September’s $277,334 and 11% above the 5-year average of $268,870.
For September, Osborne Village was the neighbourhood in Winnipeg with the most condominium MLS® sales and Fort Richmond had the second most. Outside Winnipeg, the Morden/Winkler area had the most MLS® sales in September followed by the Gimli area.
Through three quarters of 2025, Osborne Village has led the way for condominium MLS® sales in Winnipeg with a tie for second most between Waverley West and Downtown. Outside Winnipeg, the Morden/Winkler area has led the way followed by the Niverville/Ritchot area.
The most active price range for condominiums was the $200,000-$299,999 range with 68 MLS® sales which represents 34% of all condominium MLS® sales in September. The $100,000-$199,999 range was the second most active with 56 MLS® sales in September, representing 28% of all condominium MLS® sales.
“The increases seen in the real estate market performance through three quarters of 2025 underscores how valuable it is to have a REALTOR® working for you during your next home purchase or sale,” said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “With their deep knowledge of current trends, comparative market analyses, and decades of real estate market data at their fingertips, REALTORS® will build a strategy with your best interests in mind. Whether you’re buying or selling, a REALTOR® will ensure your interests are always at the forefront and provide you with invaluable support in a competitive market environment.”
Jeremy Davis is the Winnipeg Regional Real Estate Board’s Director of External Relations & Market Intelligence.