Average House Price in Winnipeg

by The Canadian Magazine of Immigration · April 23, 2025

The average house price in Winnipeg is $384,600

House prices in Winnipeg

Housing Market in Winnipeg

In March 2025, Winnipeg’s housing market is a balanced to seller-leaning market with a sales-to-new-listings ratio (SNLR) of 55%, reflecting steady demand and modest supply growth. The average home price was $384,600, up 9.3% year-over-year, with detached homes averaging $407,300 (up 9.9%), townhouses/multiplexes at $327,200 (up 3%), and condos at $231,900 (up 5.1%). Sales reached 1,189 properties, up 6% from March 2024 and 34.3% from February 2025, though 11% below the five-year average. The rental market remains strained, with average rents for a three-bedroom apartment at $1,429 (down 1% annually) and a vacancy rate of 1.8%.

In March 2025, house prices in Winnipeg up by 9.3% compared to the previous year.

Average House Price in Winnipeg
	2023	2024	2025
January	$326,800*	$335,600*	$363,200
February	$329,800*	$347,200*	$373,700
March	$335,000*	$351,800*	$384,600
April	$344,600	$358,000
May	$347,800*	$358,300
June	$347,300*	$362,700
July	$346,500*	$361,600
August	$345,000*	$361,800
September	$342,100*	$362,500
October	$339,800*	$361,400
November	$332,000*	$360,500
December	$331,500*	$359,200
Source: CREA
*Updated

Winnipeg house prices

Average House Price in Winnipeg
	2020	2021	2022
January	$266,200*	$293,200*	$353,600*
February	$270,700	$301,600*	$362,800*
March	$273,600	$307,300*	$367,100*
April	$275,000	$315,500*	$367,200*
May	$277,700*	$332,900*	$369,000*
June	$282,500*	$337,500*	$360,600*
July	$284,300*	$331,400*	$351,200*
August	$285,800*	$332,900*	$346,000*
September	$285,500*	$332,600*	$339,400*
October	$289,900*	$332,100*	$336,900*
November	$286,500	$336,900*	$329,600*
December	$286,000*	$332,600*	$323,000*
Source: CREA
*Updated

Home prices depend on the size, location, amenities, the age and condition of the apartment, townhouse or house.

Average House Price in Winnipeg
	2017	2018	2019
January	$272,553	$280,439	$280,449
February	$288,097	$297,929	$266,600*
March	$298,329	$304,111*	$270,400*
April	$302,983	$306,698	$271,700*
May	$302,546	$307,320	$273,200*
June	$302,900	$312,173	$272,500*
July	$294,216	$296,735	$270,500*
August	$297,897	$302,100	$269,900*
September	$288,334	$296,216	$267,500*
October	$294,843	$303,860	$266,100*
November	$293,856	$289,876	$267,600*
December	$289,155	$298,389	$265,500*
Source: CREA
*Updated