Fort Richmond, Winnipeg - October 2026 Real Estate Report
Fort Richmond Real Estate: What Your Neighbour's House Is Actually Worth Right Now
If you live in Fort Richmond and you haven't checked your home's value since your last city assessment, you're probably working with a number that's already out of date. Here's the real picture, broken down so it actually makes sense for your wallet.
The Vibe: What's Happening on Our Streets
Fort Richmond is holding its own in a Winnipeg market that's been anything but predictable. We're sitting at an average HonestDoor Price of $485,376 for houses - up 0.43% from the previous period. That's not a fireworks moment, but steady is good. The bigger story is that 75 property transactions happened here in 2026, which ranks us 4th in Winnipeg for total transaction volume. That means buyers are paying attention to our neighbourhood.
Houses: Solid Ground With a Few Things to Watch
Here's what the house market looks like right now in Fort Richmond:
- Average sale price: $476,838 - up 2.3% from last month
- Average list price this month: $464,900
- Price per square foot: $358
- Homes are selling at 98.37% of list price - buyers are paying close to asking, but not over it
- 8 homes sold this month - that's up 33.3% from last month
- Average days on market: 39 days
- Predicted market value: $483,312
- Estimated monthly rent: $2,441 with a rental yield of 5.67%
The 33% jump in sales volume is the number that stands out. More homes changing hands means more buyers are active. The catch is that the predicted value of $483,312 is sitting slightly below the 3-month moving average of $486,461, and recent values have dipped 1.58%. This market isn't falling - it's taking a breather. On the neighbourhood leaderboard, Fort Richmond houses rank 108 out of 191 for growth in Winnipeg. Middle of the pack. Not a red flag, but not a reason to wait either.
Days on market rank tells a better story - we're 38th out of 78 neighbourhoods, which puts us in the moderately fast-selling category. And on price, we rank 82nd out of 188 neighbourhoods - above average for Winnipeg. For context, nearby Cloutier Drive is sitting at an average HonestDoor Price of over $1,000,000. We're the more accessible option with real upside.
Condos: A Complicated Picture
The condo side of Fort Richmond is worth a separate conversation because the numbers look unusual at first glance.
- Average HonestDoor Price: $2,593,205 - up 3.00% from the previous period
- Average sale price this month: $175,867 - down 37.7% from last month
- Average list price this month: $189,800
- Price per square foot: $214
- Properties sold at 94.68% of list price
- 3 condos sold this month
- Average days on market: 35 days
- Predicted market value: $2,517,666
- Estimated monthly rent: $5,666 with a rental yield of 3.13%
That gap between the HonestDoor Price and the recent sale price is significant. With only 3 sales this month, a single transaction can swing the average hard - so the 37.7% drop in average sale price likely reflects the mix of units that sold, not a collapse in values. The HonestDoor Price, which pulls from a much broader data set, tells a more stable story. On the leaderboard, Fort Richmond condos rank 112 out of 175 for growth - below average - and 85 out of 126 on price, also below average for Winnipeg condos. The rental yield of 3.13% is moderate. If you own a condo here and are thinking about renting it out, it works - but it's not a slam dunk the way houses are at 5.67%.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Your city assessment is a snapshot from the past. It's calculated on a fixed date and doesn't move until the next assessment cycle. By the time it lands in your mailbox, the market has already moved on.
The HonestDoor Price is updated in real time using actual sales data, listing activity, and neighbourhood trends. For Fort Richmond houses, that number is $485,376 right now. If you're making any financial decision - refinancing, selling, buying out a partner, or just figuring out your net worth - you want the number that reflects today, not last year.
Think of the city assessment as the sticker price on a used car lot. The HonestDoor Price is what the car actually sold for down the street last week.
The So What: Should You Sell This Summer?
If you own a house in Fort Richmond and you've been sitting on the fence, here's the honest take. Sales volume is up 33% month over month. Buyers are active. Homes are moving in about 39 days. You're not going to get into a bidding war frenzy, but you're also not going to sit on the market forever.
The predicted value is slightly off its 3-month peak, which means right now is a reasonable window - not the absolute top, but close enough that waiting for a big jump isn't a guaranteed strategy. Pricing sharp and close to the $464,900 average list price is where deals are getting done. Buyers are paying 98.37% of list, so overpricing by even 5% puts you outside where the action is.
For condo owners, the picture is less clear-cut. With only 3 sales last month and a below-average growth rank, patience might serve you better than rushing. If you need to sell, price it to move. If you can hold, the 3.00% HonestDoor Price increase suggests values aren't collapsing.
Bottom line - Fort Richmond is a stable, well-transacted neighbourhood with real rental upside for houses. Check your HonestDoor Price before you make any move. It's the most current number you've got.
fort richmond | 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.