Earl Grey, Winnipeg - October 2026 Real Estate Report
Earl Grey Real Estate Check-In: Prices Are Shifting, So Pay Attention
If you own a home in Earl Grey and you haven't looked at your property value lately, now is the time. The market here is moving - and not always in the direction you'd hope. Here's the straight story on what's happening in our neighbourhood right now.
The Vibe: Houses vs. Condos in Earl Grey
Let's break it down by property type, because the two stories here are very different.
Houses - Taking a Breather
The average sale price for a house in Earl Grey sits at $332,844 this month - down 7.1% from last month. That's not a small dip. Listings are averaging $374,900, and homes are selling at about 95.73% of asking price, meaning buyers are negotiating and winning. If you're a seller, that gap between your list price and what you actually pocket matters.
- Average HonestDoor Price: $354,206 (up 0.86% from last period)
- Average sale price this month: $332,844
- Average list price: $374,900
- Price per square foot: $289
- Homes sold this month: 9
- Average days on market: 24
- Estimated monthly rent: $1,860
- Rental yield: 5.90% - that's a strong return for landlords
We're sitting at 24 days on market, which is slightly slower than nearby McMillan at 21 days. It's not a crisis, but it tells us buyers have options and they know it. On the neighbourhood leaderboard, Earl Grey houses rank 62 out of 191 for growth in Winnipeg - that puts us in above-average territory, which is genuinely good news in a city with 191 comparable areas to stack up against.
The predicted market value for houses is $351,192, and that number is drifting down slightly from the 3-month moving average of $353,281. The direction matters as much as the number itself.
Condos - A Much Thinner Market
The condo picture in Earl Grey is harder to read, and honestly, we should be careful about reading too much into it. Only 1 condo sold this month, and it moved at $229,900 - down 37.7% from last month. With a sample size that small, one unusual sale can swing the whole average wildly.
- Average HonestDoor Price: $1,920,018 (up 2.55% from last period)
- Average sale price this month: $229,900
- Price per square foot: $270
- Properties sold: 1
- Average days on market: 379 days
- Estimated monthly rent: $5,636
- Rental yield: 2.86%
That 379-day average on market is the number that stands out. Earl Grey condos rank dead last - 59 out of 59 - for days-on-market speed in Winnipeg. These units are not moving fast. If you own a condo here and are thinking about selling, that context is critical. On the flip side, the HonestDoor Price for condos here ranks 42 out of 126 in Winnipeg for price - meaning we're in the upper tier for condo values, even if sales are slow.
The Secret Sauce: Why Your HonestDoor Price Beats Waiting for a Tax Assessment
Here's the thing about your city assessment - it's a snapshot from the past. The City of Winnipeg reassesses on a fixed cycle, which means the number on your tax bill could be based on market conditions from a year or two ago. A lot has changed since then.
The HonestDoor Price is updated in real time using actual transaction data, current listings, and neighbourhood-level trends. Right now, the HonestDoor Price for houses in Earl Grey is $354,206 - and that number already reflects the recent 0.86% uptick. Your city assessment almost certainly doesn't.
If you're refinancing, selling, or just trying to understand what your biggest asset is actually worth today, the HonestDoor Price is the real-world check you need. Don't make a six-figure decision based on a number that's been sitting in a government filing cabinet since last year.
The So What - Thinking About Selling This Summer?
If you're a homeowner in Earl Grey weighing a summer sale, here's the honest read.
The market is not in panic mode, but it is cooling. Buyers are paying below asking, homes are sitting a little longer than nearby neighbourhoods, and the 3-month trend on predicted values is pointing slightly downward. Waiting for the market to "bounce back" before listing is a gamble right now.
The case for listing sooner rather than later - your HonestDoor Price of $354,206 still holds a premium over cheaper nearby options like Lord Roberts ($324,906) and Ebby Wentworth ($331,188). Earl Grey has a price advantage in this pocket of Winnipeg, and that gap could narrow if values keep drifting.
The case for waiting - if your home needs work, a soft market punishes that harder. Buyers negotiating 4-5% off asking price will negotiate even harder on a property that isn't move-in ready.
Bottom line: price it sharp, present it well, and don't anchor to last year's numbers. Check your HonestDoor Price first - it's the most current read you've got on what your home is actually worth in today's Earl Grey market.
earl grey | winnipeg | october 2026This 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.