Crescent Park, Winnipeg - July 2026 Real Estate Report

Crescent Park, Winnipeg: Here's What Your Home Is Actually Worth Right Now

If you've been glancing at your city tax assessment and wondering if it still reflects reality, the short answer is: probably not. Here's a straight-up look at what's happening on the streets of Crescent Park right now, broken down by property type so you can actually use this information.

The Vibe: Houses in Crescent Park

We're seeing a market that's taking a breather. The average sale price for houses sits at $537,700 this month, but that's down 12.2% from last month - a notable dip worth paying attention to. Active listings are averaging $499,900, and homes are selling at about 95.67% of list price, meaning buyers are successfully negotiating below asking. That's a shift in leverage.

• Average HonestDoor Price: $518,619 (up 1.17% from last period)
• Average sale price: $537,700
• Average listing price: $499,900
• Price per square foot: $327
• Days on market: 34 days average
• Properties sold this month: 2
• Sale-to-list ratio: 95.67%
• Estimated monthly rent: $2,519 - $2,547
• Rental yield: 5.63%
• Neighbourhood growth rank: 84 out of 193 in Winnipeg

That rental yield of 5.63% is genuinely strong. If you own a house here and you're not living in it, the numbers make a solid case for renting it out. On the neighbourhood leaderboard, Crescent Park houses rank 84th out of 193 Winnipeg neighbourhoods for growth - that puts us in the upper half of the city, which is a decent position when a lot of areas are flat.

The Vibe: Condos in Crescent Park

The condo picture is a different story. Only 1 condo sold this month at $322,000, while listings are sitting higher at $354,900 - meaning buyers are pushing back on price. The sale-to-list ratio of 97.44% is tighter than houses, and condos are moving faster at 22 days on market compared to 34 for houses. So if you're selling a condo, you're likely dealing with a quicker but more price-sensitive buyer.

• Average HonestDoor Price: $2,493,407 (up 0.68% from last period)
• Average sale price: $322,000
• Average listing price: $354,900
• Price per square foot: $264
• Days on market: 22 days average
• Properties sold this month: 1
• Sale-to-list ratio: 97.44%
• Estimated monthly rent: $6,542 - $6,555
• Rental yield: 2.73%
• Neighbourhood growth rank: 113 out of 190 in Winnipeg

Condos rank 113th out of 190 Winnipeg neighbourhoods for growth - that puts us just below the midpoint on the leaderboard. Not alarming, but not a reason to celebrate either. The 3-month moving average for predicted condo value is actually trending up at $2,433,033 to $2,476,669, which is a small but real positive signal.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here's the thing about city assessments - they're a snapshot from the past. By the time that number lands in your mailbox, the market has already moved. The HonestDoor Price is updated in real time, pulling from actual transaction data, current listings, and neighbourhood trends. It's the real-world check your assessment can't give you.

For houses in Crescent Park, the HonestDoor Price of $518,619 is up 1.17% from last period. That's not a massive jump, but it's movement in the right direction while sale prices are dipping. That gap between what the market is doing day-to-day and what your assessment says is exactly where homeowners get caught off guard - either leaving money on the table when selling, or overpaying when buying.

Compare us to nearby neighbourhoods and the picture gets clearer. Pulberry houses are sitting at $478,118 and Maybank at $374,021 - both cheaper than Crescent Park. Victoria Crescent is the outlier at $848,338. Knowing where we sit on that spectrum helps you price with confidence, not guesswork.

The So What: Thinking About Selling This Summer?

If you're a house owner eyeing a summer sale, the honest take is this - the window is open but it's not wide. Prices dipped 12.2% month-over-month, buyers are negotiating below list, and homes are sitting for about 34 days. That's not a crisis, but it does mean you need to price sharp from day one. Overpricing and then chasing the market down is the worst move you can make right now.

The good news: your HonestDoor Price is still holding at $518,619 with a slight uptick, and the rental demand is real at $2,547 per month with a 5.63% yield. If you don't get the price you want this summer, holding and renting is a legitimate backup plan - not a consolation prize.

For condo owners, the faster days-on-market (22 days) is actually working in your favour. Buyers are moving quicker on condos. Price it right against that $322,000 recent sale benchmark and you could be done before the summer is over.

Bottom line: check your HonestDoor Price before you do anything else. It's the most current number you have - and in a market that's shifting month to month, current is everything.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.