Grassie, Winnipeg - October 2026 Real Estate Report
Grassie, Winnipeg: Prices Are Holding, But the Market Is Sending Signals You Should Not Ignore
The Vibe Right Now
If you have been watching the "For Sale" signs in Grassie lately, here is what is actually happening. The market is taking a breather. Sales activity has slowed, prices have dipped from last month, and buyers are negotiating. But the neighbourhood is still priced above average for Winnipeg - and that matters for what you do next.
Houses: The Numbers, Straight Up
We saw only 3 house sales this month, down 50% from last month. That is a sharp drop. Average sale prices came in at $490,967 - down 6% from the previous month - while listings are still sitting at $519,900 on average. That gap tells you buyers are pushing back, and they are winning. On average, homes sold for 96.56% of list price, meaning sellers left roughly $17,000 to $29,000 on the table compared to asking.
- Average sale price: $490,967 (down 6.0% from last month)
- Average list price: $519,900
- Sale-to-list ratio: 96.56%
- Average days on market: 21 days
- Price per square foot: $398
- Total transactions in 2026: 34
- Days-on-market rank: 21 out of 78 in Winnipeg - moderately fast-selling
- Price rank: 69 out of 188 in Winnipeg - above average
- Growth rank: 141 out of 191 in Winnipeg - below average
The predicted market value for houses sits at $536,449, which is slightly above the 3-month moving average of $543,168 - and that average is sliding. Property values have shifted by -2.05% recently. On the neighbourhood leaderboard, Grassie houses rank 141 out of 191 for growth in Winnipeg. That is not a crisis, but it is a yellow flag worth watching.
The rental picture is a bright spot. Estimated rent comes in at $2,678 per month with a rental yield of 5.57%. For anyone thinking about holding rather than selling, that is a solid return.
Condos: A Different Story
Condos in Grassie are in choppier water. The predicted market value is $517,233, and it is decreasing compared to the 3-month moving average of $536,449. Values have shifted by -4.75% recently. On the neighbourhood leaderboard, Grassie condos rank 168 out of 175 for growth in Winnipeg. That puts us near the bottom of the pack right now.
- Predicted market value: $517,233
- 3-month moving average: $536,449 (trending down)
- Recent value change: -4.75%
- Estimated rent: $2,918 per month
- Rental yield: 3.73%
- Growth rank: 168 out of 175 in Winnipeg
The HonestDoor Price for condos is $561,462 - up 8.55% from the previous period - and the rental estimate hits $3,082 per month. That gap between the HonestDoor Price and the predicted market value is worth paying attention to. It means the real-time picture and the forward-looking model are telling slightly different stories right now.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here is the thing about your city assessment - it is a snapshot from the past. By the time it lands in your mailbox, the market has already moved. The HonestDoor Price is updated in real time, pulling in actual sales data, listing activity, and neighbourhood trends as they happen.
For Grassie houses, the HonestDoor Price is $543,172 - up 1.25% from the previous period. For condos, it is $561,462 - up 8.55%. If you are making any decision about selling, refinancing, or even just understanding what your biggest asset is worth today, the HonestDoor Price is the number to use. Your tax assessment is not.
Every nearby neighbourhood - North Transcona Yards ($493,200), Eaglemere ($517,529), and Springfield South ($421,128) - is priced below Grassie. That means we are sitting at a premium in this pocket of Winnipeg. That premium is worth protecting with accurate, current data.
So What Does This Mean If You Are Thinking About Selling This Summer?
Timing matters right now. Here is the honest read.
- Prices have dipped month-over-month and the trend is downward - waiting could cost you.
- Buyers are negotiating hard. The 96.56% sale-to-list ratio means you need to price sharp from day one, not start high and chase the market down.
- 21 days on market is still reasonably fast - demand has not disappeared, it has just gotten more selective.
- Grassie is still priced above every nearby neighbourhood, which gives you a real advantage if you position correctly.
- If you own a condo, the growth rank of 168 out of 175 is a signal to move sooner rather than later while the HonestDoor Price is still holding above the predicted value.
The bottom line - Grassie is not a market in freefall. It is a market that is recalibrating. Sellers who price with current data and move with intention this summer will do better than those who wait for the market to come back to them. Check your HonestDoor Price today. That is your real starting point.
grassie | 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.