Elmhurst, Winnipeg - September 2026 Real Estate Report

Elmhurst Real Estate Update: Solid Prices, But the Market Is Telling You Something

If you own a home in Elmhurst and you haven't checked your property value lately, now is the time. The numbers are shifting - not dramatically, but enough that waiting around for your next city assessment could cost you real money. Here's what's actually happening on our streets right now.

The Vibe: Houses vs. Condos in Elmhurst

We're seeing two pretty different stories playing out depending on what you own here.

Houses - Steady, But Buyers Have the Edge

• Average HonestDoor Price: $538,970 (down 1.95% from last period)
• Average sale price: $571,000
• Current listings averaging: $379,900
• Price per square foot: $368
• Homes selling at 95.37% of list price - buyers are negotiating below ask
• Average days on market: 23
• Properties sold in 2026 so far: 26
• Predicted market value: $549,673 (up from the 3-month average of $547,668)
• Rental yield: 5.54%
• Estimated monthly rent: $2,718

Houses in Elmhurst are holding their value reasonably well, but buyers are getting deals below list price right now. That 95.37% sale-to-list ratio tells us this is a buyers' market - not a panic situation, but sellers need to price sharp. The good news? Our days-on-market rank is 22 out of 71 Winnipeg neighbourhoods, which means homes here are moving faster than most of the city. We're not sitting on the bench.

The honest part? Our growth rate ranks 158 out of 191 Winnipeg neighbourhoods. On the neighbourhood leaderboard, that puts Elmhurst houses near the bottom for price growth right now. Values are down 0.92% recently. The market is taking a breather. That's not a disaster - but it's a reason to pay attention.

Compare us to the neighbours: Eric Coy is sitting at $525,895 and Varsity View at $512,321 - both cheaper than us. Marlton comes in at $578,692, a bit pricier. We're positioned in the middle of the pack, which is actually a comfortable place to be for buyers looking at value.

Condos - A Different Story Entirely

• Average HonestDoor Price: $3,538,314 (down 2.09% from last period)
• Average sale price: $341,800
• Current listings averaging: $339,900
• Price per square foot: $311
• Properties selling at 100.56% of list price - buyers are paying over ask
• Average days on market: 14
• Properties sold in 2026 so far: 7
• Predicted market value: $3,613,696 (up from the 3-month average of $3,529,121)
• Rental yield: 2.31%
• Estimated monthly rent: $8,725
• Airbnb rank in Winnipeg: 28

Condo owners in Elmhurst, listen up. Our growth rate ranks 8 out of 175 Winnipeg neighbourhoods. That puts us near the very top of the leaderboard for condo value growth in this city. Values are up 3.56% recently, and the predicted market value is climbing past the 3-month average. Buyers are paying over list price and units are gone in 14 days. That's a sellers' market, full stop.

Our condos are also outperforming nearby Eric Coy ($319,250 average sale price) - we're selling higher. And with an Airbnb rank of 28 in Winnipeg, Elmhurst condos are genuinely attractive for short-term rental investors.

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

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what happened on your street last month. It doesn't factor in that the condo market here just ranked 8th in the entire city for growth, or that house values have nudged down 0.92% recently.

The HonestDoor Price is updated in real time using actual transaction data. For Elmhurst houses, that's $538,970 right now. For condos, the predicted market value is sitting at $3,613,696 - and it's moving upward. Your tax assessment is not telling you either of those things. If you're making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the real-world check you need, not a number the city calculated from older data.

Check your HonestDoor Price at honestdoor.com. It takes about 30 seconds and it's free.

The So What - Thinking About Selling This Summer?

If you own a house in Elmhurst and you're thinking about listing this summer, here's the straight talk: price it right from day one. Buyers are landing deals at 95.37% of list price, which means overpricing will cost you time and negotiating power. The market is stable but it's not doing you any favours on growth right now - rank 158 out of 191 is a signal to move with intention, not to wait and hope values climb back up fast.

The upside? Homes here are still selling in 23 days on average, which is faster than most of Winnipeg. A well-priced house in Elmhurst is not going to sit. And with an average rental estimate of $2,674 per month and a 5.54% rental yield, if you're not ready to sell, holding and renting is a genuinely strong option.

If you own a condo, the summer picture looks better. Buyers are paying over list, units are moving in 14 days, and we're ranked near the top of the city for growth. If you've been on the fence, this is the window. That kind of momentum doesn't always last.

Bottom line for all of us in Elmhurst: know your number before you make a move. The market is giving us clear signals right now - use them.

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.