Fairfield Park, Winnipeg - October 2026 Real Estate Report
Fairfield Park Real Estate Update: Prices Are Holding, But the Market Is Sending Mixed Signals
If you own a home in Fairfield Park and you have not checked your property value lately, now is the time. The neighbourhood is sitting in an interesting spot - expensive by Winnipeg standards, but showing some softness under the hood. Here is what is actually going on.
The Vibe: Houses vs. Condos
We are seeing two pretty different stories playing out right now depending on what you own.
Houses
If you own a house in Fairfield Park, the headline number looks solid. The average HonestDoor Price sits at $669,262 - up 1.47% from the previous period. That puts us in the top 37 out of 188 neighbourhoods in Winnipeg for price. We are in expensive territory, and that is not a bad thing if you are a seller.
But here is the honest part. Only 1 house sold this month, and it sat on the market for 48 days before finding a buyer. That is a day longer than nearby Richmond West. Homes are selling at 98.29% of list price, which means buyers are negotiating small discounts. The predicted market value of $659,553 is also dipping below the 3-month moving average of $664,464. On the neighbourhood growth leaderboard, we rank 111 out of 191 Winnipeg neighbourhoods - that puts us in below-average territory for momentum right now.
- Average HonestDoor Price: $669,262 (up 1.47%)
- Average sale price this month: $633,900 (up 1.4% from last month)
- Average list price: $644,900
- Price per square foot: $360
- Sale-to-list ratio: 98.29%
- Average days on market: 48
- Predicted market value: $659,553
- Rental estimate: $3,100 per month
- Rental yield: 5.36%
- Growth rank: 111 out of 191 Winnipeg neighbourhoods
- Price rank: 37 out of 188 Winnipeg neighbourhoods
Condos
The condo side of our neighbourhood is taking a real breather. The average sale price dropped 27.3% from last month to $243,350, and only 4 units sold - down 33.3% from the month before. Properties are sitting on the market for an average of 86 days, which is nearly double what we see in Richmond West. Buyers are paying just 93.33% of list price, so if you are a condo seller, expect some back-and-forth.
The silver lining? The HonestDoor Price for condos is $339,786 - up 2.13% - and our growth rank for condos sits at 55 out of 175 Winnipeg neighbourhoods, which puts us in above-average territory. The predicted market value of $332,693 is also well above recent sale prices, which suggests the sales we are seeing right now may be undervaluing what these units are actually worth.
- Average HonestDoor Price: $339,786 (up 2.13%)
- Average sale price this month: $243,350 (down 27.3% from last month)
- Average list price: $257,445
- Price per square foot: $288
- Sale-to-list ratio: 93.33%
- Average days on market: 86
- Predicted market value: $332,693
- Rental estimate: $1,789 per month
- Rental yield: 4.13%
- Growth rank: 55 out of 175 Winnipeg neighbourhoods
- Price rank: 52 out of 126 Winnipeg neighbourhoods
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here is something most Fairfield Park homeowners do not think about until it is too late. Your city assessment is a snapshot from the past. It gets updated on a schedule, not in real time. By the time that number lands in your mailbox, the market has already moved.
The HonestDoor Price is different. It pulls from actual current sales data and updates continuously. For house owners in Fairfield Park, that means the difference between a stale government number and a live estimate of $669,262. For condo owners, the HonestDoor Price of $339,786 is sitting significantly above recent sale prices - which tells you that some condos may be selling below their real-world value right now.
If you are making any financial decision - refinancing, selling, even just figuring out where you stand - your HonestDoor Price is the number to start with, not the assessment.
The So What: Thinking About Selling This Summer?
For house sellers, the window is real but it requires smart pricing. We are in the top 20% of Winnipeg for home prices, and rental yields of 5.36% make Fairfield Park attractive to investor buyers too. The catch is that homes are taking longer to sell and buyers are negotiating. Price it right from day one - overpricing by even a small margin will cost you weeks on market.
For condo sellers, this summer takes more patience. The data is showing a slow month, but the HonestDoor Price and predicted market value both suggest the underlying value is stronger than recent sales indicate. If you can wait for the right buyer rather than chasing a quick close, you are in a better position than the recent sale numbers suggest.
Either way, the smartest first move is knowing your actual number. Check your HonestDoor Price before you call an agent, set a price, or make any assumptions based on what your neighbour sold for two years ago.
fairfield park | 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.