Fairfield Park, Winnipeg - August 2026 Real Estate Report

Fairfield Park Real Estate Update: Solid Ground, But Watch the Numbers

If you live in Fairfield Park and you haven't checked your home's value lately, now is a good time to pay attention. Prices are holding up better than a lot of Winnipeg neighbourhoods, but there are some mixed signals worth knowing about before you make any moves.

The Vibe: Houses vs. Condos

Houses

Here's the honest picture for houses in our neighbourhood. The average sale price sits at $528,800, which is down 6.3% from last month. That sounds alarming, but keep in mind only 1 house sold this month - so one sale can swing that number hard. The HonestDoor Price for houses is a more stable read at $663,410, up from the 3-month average of $653,965. That upward trend matters more than a single month's blip.

Houses are sitting on the market for about 24 days on average. That's not flying off the shelf, but it's not gathering dust either. Winnipeg's days-on-market rank for us is 23 out of 71 - meaning we move homes faster than most comparable neighbourhoods. Buyers are paying about 98 cents on the dollar of list price, so there's a little room to negotiate, but sellers aren't getting crushed.

• Average HonestDoor Price (Houses): $663,410
• Average sale price this month: $528,800
• Price per square foot: $433
• Average days on market: 24
• Sale-to-list ratio: 98.11%
• Estimated monthly rent: $3,125
• Rental yield: 5.35%
• Growth rank: 79 out of 193 Winnipeg neighbourhoods - above average

That 5.35% rental yield is genuinely strong. If you're an investor or thinking about renting your place out, Fairfield Park houses are pulling real returns right now.

Condos

The condo story in our neighbourhood is actually pretty active. We had 3 condos sell this month, and they moved in just 16 days on average. For context, nearby Waverley Heights condos are sitting for 22 days. We're selling faster, and that matters.

The average sale price of $333,333 is down 18.6% from last month, but again - small sample sizes do this. The HonestDoor Price of $331,330 is the steadier number to anchor to, and it's ticking upward from the 3-month average of $330,113. Buyers paid 97.04% of list price, so there's a touch more negotiating room here than on the house side.

• Average HonestDoor Price (Condos): $331,330
• Average sale price this month: $333,333
• Price per square foot: $328
• Average days on market: 16
• Sale-to-list ratio: 97.04%
• Estimated monthly rent: $1,782
• Rental yield: 4.13%
• Growth rank: 67 out of 175 Winnipeg neighbourhoods - above average
• Total transactions in 2026: 24 - ranked 3rd in all of Winnipeg for condo activity

That transaction rank of 3rd in Winnipeg is a big deal. It means buyers are actively choosing Fairfield Park condos. That kind of demand keeps prices from sliding too far.

The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment Right Now

Your city tax assessment is a snapshot frozen in time. It's calculated months - sometimes over a year - before you ever see it. A lot can change in that window, and in a market like this one, it usually does.

The HonestDoor Price is updated in real time using actual sales data, current listing activity, and market trends. For Fairfield Park houses, that number is $663,410 right now. For condos, it's $331,330. These figures are moving with the market, not lagging behind it.

If you're making any financial decision - refinancing, selling, even just figuring out if your insurance coverage still makes sense - your government assessment could be giving you a number that's out of date by thousands of dollars. The HonestDoor Price is the real-world check on what your property is actually worth today.

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

Here's the straight talk for anyone considering listing in Fairfield Park this summer.

The market is taking a breather. Buyers have a little more leverage than they did a year ago, and sale prices are coming in just under list. That means your pricing strategy has to be sharp from day one. Overpricing and then dropping is the fastest way to make buyers nervous.

The good news is that Fairfield Park is holding its own on the Winnipeg leaderboard. Houses rank 79th out of 193 neighbourhoods for growth - that's solidly above average. Condos rank 67th out of 175. You're not in a struggling pocket of the city. Demand is real here.

If you're a house seller, the HonestDoor Price of $663,410 is your anchor. List close to that, price it clean, and you have a realistic shot at a solid summer sale. If you're a condo owner, the volume of transactions - 24 already in 2026 and ranked 3rd in the city - tells you buyers are actively shopping your product type in this neighbourhood.

Bottom line: Fairfield Park is not a market to panic about. But it's also not a market where you can set a wishful price and wait. Know your number, price it right, and move with confidence.

Check your HonestDoor Price at HonestDoor.com to see exactly where your property stands today - not where it stood 18 months ago.

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.