Peguis, Winnipeg - September 2026 Real Estate Report

Peguis, Winnipeg: Your Neighbour Just Got a Reality Check on Their Home Value

If you own property in Peguis and you're still relying on your city tax assessment to know what your place is worth, you're working with old news. Here's what's actually happening on our streets right now.

The Vibe: Houses vs. Condos in Peguis

Let's break it down for us locals, because these two markets are telling very different stories.

Houses

The house market in Peguis is holding steady - but it's not exactly on fire. We saw 5 sales last month, with an average sale price of $543,300. Homes are sitting on the market for about 55 days on average, and buyers are paying roughly 97.70% of the asking price. That means if you list at $550,000, expect offers closer to $537,000. It's a buyers' market, but a calm one - not a crash, just a breather.

• Average HonestDoor Price: $541,138 (down 1.44% from last period)
• Average sale price: $543,300
• Current average listing price: $551,267
• Price per square foot: $341
• Average days on market: 55
• Sale-to-list ratio: 97.70%
• Estimated monthly rent: $2,722
• Rental yield: 5.54%
• 30 property transactions recorded in 2026

On the neighbourhood leaderboard, Peguis houses rank 55 out of 191 for growth in Winnipeg - that puts us solidly above average. Price rank sits at 54 out of 187, also above average. The one soft spot is days-on-market, where we rank 47 out of 71 - meaning our homes take longer to sell than most. Price it right and that number improves fast.

Rental investors, pay attention: a 5.54% yield on a house is genuinely strong. That $2,722 per month in estimated rent makes Peguis worth a serious look if you're building a portfolio.

Condos

The condo picture is a bit more nuanced. Actual sale prices are averaging $208,767, while the HonestDoor Price for condos sits at $2,194,647 - a gap that reflects the mix of condo types and valuations across the neighbourhood. Only 3 condos sold last month, with an average of 52 days on market. Buyers paid 99.07% of list price, which is actually tighter than the house market - sellers here are pricing closer to reality.

• Average HonestDoor Price: $2,194,647 (down 2.05% from last period)
• Average sale price: $208,767
• Current average listing price: $224,900
• Price per square foot: $352
• Average days on market: 52
• Sale-to-list ratio: 99.07%
• Estimated monthly rent: $4,840
• Rental yield: 3.38%
• 22 property transactions recorded in 2026

On the condo leaderboard, Peguis ranks 41 out of 175 for growth - that's a strong position. Recent value change of 2.31% shows condos here are actually climbing. The days-on-market rank of 39 out of 52 tells us condos move slower than average in Winnipeg, so patience matters if you're selling.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know about the 30 house transactions that happened in Peguis in 2026. It doesn't factor in that price per square foot is sitting at $341 for houses right now. It's basically a photo from last year telling you what you look like today.

The HonestDoor Price is a real-world check. It pulls from actual recent sales, current listing data, and live market movement. For Peguis houses, that number is $541,138 right now - and it's updated continuously, not once every few years. If you're making any financial decision about your home - refinancing, selling, even just knowing your net worth - the HonestDoor Price is the number you want in your hand, not the one on your tax notice.

With values shifting - houses down 1.44%, condos down 2.05% from last period - knowing your current number isn't just useful. It's money.

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

If you're a house owner in Peguis eyeing a summer sale, here's the honest take. The market is stable, not surging. Buyers have options and they know it - that 97.70% sale-to-list ratio proves it. Your pricing strategy matters more than ever. Come in too high and you'll be sitting for 55-plus days. Come in sharp and you'll move.

The good news: you're in a neighbourhood ranked above average for both price and growth in Winnipeg. That's a real selling point. Nearby, Regent is pricing lower at $405,208 and Eaglemere sits at $511,258 - which means Peguis is holding its own at the top end of that cluster. Kildonan Crossing at $661,400 shows there's room above us too.

For condo owners, the 2.31% recent value increase is a quiet win. If you've been waiting for the right moment, the trend is moving in your favour - just know that buyers in this segment take their time, averaging 52 days to close.

Bottom line: check your HonestDoor Price before you call an agent, before you set a list price, and before you assume your tax assessment tells the full story. In a market like this, the difference between the right number and the wrong number is the difference between a sold sign and a stale listing.

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.