Norberry, Winnipeg - October 2026 Real Estate Report
Norberry, Winnipeg: Your Neighbour Just Got a Raise - Did You?
If you own a home in Norberry and you haven't checked your property value lately, you're probably leaving money on the table. The numbers are moving, and the city's tax assessment is not keeping up. Here's the real picture.
The Vibe: What's Actually Happening in Norberry Right Now
Let's break it down by property type, because houses and condos are telling two very different stories in our neighbourhood right now.
Houses - Steady Climb, Fast Sales
The average sale price for a house in Norberry hit $345,025 this month - that's up 12.2% from last month. That's not a typo. Homes are moving in an average of 18 days, and buyers are paying 95.59% of list price. So yes, there's a little room to negotiate, but not much.
The HonestDoor Price for houses sits at $388,996, up 0.78% from the previous period. The predicted market value is $385,977, which is creeping above the 3-month moving average of $385,293. That upward trend matters. It means momentum is on the seller's side.
- Average HonestDoor Price: $388,996 (up 0.78%)
- Average sale price this month: $345,025 (up 12.2%)
- Average listing price: $319,900
- Price per square foot: $376
- Average days on market: 18
- Properties sold this month: 4
- Sale-to-list price ratio: 95.59%
- Estimated monthly rent: $2,005 (rental yield of 5.85%)
- Growth rank: 25 out of 191 neighbourhoods in Winnipeg
That growth rank is worth pausing on. Out of 191 comparable neighbourhoods across Winnipeg, Norberry houses rank 25th for value growth. That puts us in the top 15% of the city. Not bad for a neighbourhood that doesn't always make the headlines.
How do we stack up against the neighbours? Victoria Crescent houses are selling around $349,100 - close to our average. St. George and Worthington are both priced lower, with HonestDoor Prices of $374,117 and $369,137 respectively. Norberry is holding its own and then some.
Condos - A Different Animal
The condo picture in Norberry is a bit more complex. The average HonestDoor Price is $1,647,712, up 2.57% from the previous period. The predicted market value is $1,606,365, rising above the 3-month moving average of $1,591,194. Values are heading in the right direction overall.
That said, the short-term change is down 1.00%, so there's a little softness in the immediate window. The rental yield for condos sits at 2.77% - moderate, not spectacular. But the Airbnb rank of 69 in Winnipeg signals real short-term rental potential if that's your angle.
- Average HonestDoor Price: $1,647,712 (up 2.57%)
- Predicted market value: $1,606,365
- 3-month moving average: $1,591,194
- Estimated monthly rent: $5,507 (rental yield of 2.77%)
- Airbnb estimate: $280 per night
- Airbnb rank in Winnipeg: 69
- Growth rank: 67 out of 175 neighbourhoods in Winnipeg
Condo growth ranks 67th out of 175 in Winnipeg - above average, but not leading the pack. Compared to nearby Worthington condos at $2,457,767, Norberry condos look like relative value. Wildwood comes in much lower at $662,922, which puts our neighbourhood firmly in the mid-to-upper tier.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's the thing about your city assessment - it's a snapshot from the past. It gets updated on a schedule, not in real time. The market doesn't wait for the city's paperwork.
The HonestDoor Price is a live, data-driven estimate that reflects what buyers are actually paying right now. For Norberry houses, that number is $388,996. For condos, it's $1,647,712. These aren't guesses - they're calculated from real transaction data, current listings, and market trends.
If you're making any financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - the HonestDoor Price is the number you want in your hand, not a government figure that might be a year or two behind the curve.
With 18 property transactions recorded in Norberry in 2026 and houses ranking 54th in Winnipeg for total transaction volume, this is an active market. Prices are being set right now, and your HonestDoor Price reflects that activity.
The So What: Should You Sell in Norberry This Summer?
If you're a house owner thinking about listing, the timing is genuinely interesting. Prices are up 12.2% month-over-month, homes are selling in 18 days, and we're sitting in the top 15% of Winnipeg for growth. That's a strong hand to play.
Listings are averaging $319,900 while sales are closing at $345,025. That gap tells you buyers are competing and willing to go above the sticker price in some cases. A well-priced home in Norberry right now is not going to sit.
The rental story also works in your favour if selling isn't the plan. A 5.85% rental yield on houses is genuinely strong. At $2,005 per month in estimated rent, a Norberry house can carry itself and then some.
For condo owners, the picture is a bit more patient. The longer-term trend is up, but the short-term dip of 1.00% suggests waiting a beat might not hurt. Keep an eye on your HonestDoor Price over the next 60 to 90 days before pulling the trigger.
Bottom line - Norberry is not a neighbourhood to sleep on. Check your HonestDoor Price, know what you're actually sitting on, and make your move from a position of real information.
norberry | 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.