Earl Grey, Winnipeg - August 2026 Real Estate Report

Earl Grey, Winnipeg: What Your Neighbour Would Tell You Over the Fence

If you own a home in Earl Grey and you haven't checked your HonestDoor Price lately, now is the time. The market here is moving - not exploding, not crashing - but moving in ways that a two-year-old tax assessment will completely miss. Here is the real picture.

The Vibe: Houses vs. Condos in Earl Grey

Houses - Steady, With a Few Wrinkles

We saw 7 houses sell in Earl Grey this period, up 16.7% from last month. That is a decent bump in activity. But here is the catch - the average sale price came in at $364,814, which is down 26.5% from the month before. Before that number scares you, context matters: with only 7 sales, one or two lower-priced homes can swing that average hard. The market is not falling off a cliff.

What is actually telling is that homes are selling at 98.24% of list price. Buyers are not getting big discounts - they are paying close to asking. Homes are sitting on the market for an average of 28 days, which ranks 27th out of 71 comparable neighbourhoods in Winnipeg. That is a moderately fast pace. We are not in a frenzy, but we are not collecting dust either.

• Average sale price (houses): $364,814
• Average list price: $379,900
• Price per square foot: $372
• Sale-to-list ratio: 98.24%
• Average days on market: 28
• Properties sold this period: 7 (up 16.7%)
• Total 2026 transactions: 32
• Growth rank: 53 out of 193 neighbourhoods in Winnipeg - above average

Our house values have grown 2.47% recently, and the 3-month trend is pointing up - the predicted market value of $354,249 is climbing past the 3-month moving average of $349,544. That is a quiet but real gain. On the neighbourhood leaderboard, Earl Grey houses rank 53rd out of 193 for growth in Winnipeg. Top third. That is worth knowing.

Compared to neighbours, we are priced above Lord Roberts ($296,950 average sold) and right in line with McMillan ($365,900). We are holding our own in a competitive stretch of the city.

Condos - A Different Story Altogether

The condo picture in Earl Grey is more complicated, and honestly, it deserves a straight-up conversation. Only 1 condo sold this period, and it sat on the market for 379 days. That is not a typo. Earl Grey condos rank dead last - 51st out of 51 - for days on market in Winnipeg. If you own a condo here and you are thinking about selling, patience is not optional, it is the strategy.

The HonestDoor Price for condos is sitting at $1,910,727, up 2.07% from the previous period. But the predicted market value is trending slightly down at $1,872,059, just below the 3-month moving average of $1,877,132. The growth rank for condos is 101st out of 175 - below average. The market is taking a breather here.

• Average HonestDoor Price (condos): $1,910,727 (up 2.07%)
• Average sale price: $369,000
• Price per square foot: $283
• Sale-to-list ratio: 98.40%
• Average days on market: 379
• Rental estimate: $5,605 per month
• Rental yield: 2.85%
• Airbnb estimate: $278 per night
• Price rank: 37 out of 123 - above average in Winnipeg

The one bright spot for condo owners is the rental story. At $5,605 per month estimated rent, the income potential is real even if the resale market is slow. Airbnb at $278 per night also ranks 68th in Winnipeg - not bad at all if short-term rental is an option for you.

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

Here is the thing about city assessments - they are snapshots from the past. By the time that number lands in your mailbox, the market has already moved on. The HonestDoor Price is updated in real time, pulling from actual sales, current listing activity, and neighbourhood trends. It is not a government estimate built on data that is 12 to 24 months old.

For Earl Grey house owners, the HonestDoor Price of $354,401 reflects a 0.04% uptick from the previous period. Small, yes - but it is current. Your tax assessment almost certainly does not reflect the 2.47% recent value change or the upward 3-month trend. That gap between what the city thinks your home is worth and what a buyer would actually pay today - that is money left on the table if you do not know it exists.

Check your HonestDoor Price. It is the real-world check that your assessment was never designed to be.

The "So What?" - Thinking About Selling This Summer?

If you own a house in Earl Grey and summer selling is on your mind, the conditions are reasonable. Homes are moving in under a month, buyers are paying close to full ask, and our growth rank puts us ahead of most of the city. The rental yield of 5.90% also means investors are watching this neighbourhood - and competing buyers are a good thing for your sale price.

The honest advice: price it right from day one. The 98.24% sale-to-list ratio tells us buyers are engaged but not desperate. They will not chase an overpriced listing. Come in sharp and you will move it fast.

If you own a condo here, summer 2025 is a harder sell - literally. One sale in the period and nearly 13 months average time on market is a signal to either price aggressively or hold and rent. At $5,605 estimated monthly rent and a 2.85% yield, holding has a real financial case.

Either way, start with your HonestDoor Price. Know your number before you call an agent, before you set a price, and before you make any decisions. In a neighbourhood like Earl Grey - ranked in the top third for growth in all of Winnipeg - knowing your actual value is the smartest move you can make right now.

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.