Pembina Strip, Winnipeg - September 2026 Real Estate Report

Pembina Strip, Winnipeg: Your Neighbour Just Asked If Now Is a Good Time to Sell

Here is the honest answer. The market is taking a breather on the house side, but condos are quietly picking up steam. If you own property on the Pembina Strip and you are still relying on your city tax assessment to know what your place is worth, you are working with old news. Here is what is actually happening right now.

The Vibe: Houses vs. Condos in Pembina Strip

Houses

If you have been watching the "For Sale" signs around here, the house market is telling a familiar story. The average HonestDoor Price for a house sits at $495,062, down about 1.5% from the previous period. Not a crash - just a cooling. The 3-month moving average is $499,406, and the predicted value is nudging up to $502,579, so we are not in freefall. Think of it as the market catching its breath after a long run.

• Average HonestDoor Price: $495,062
• Recent price change: -1.50%
• Predicted value (forward-looking): $502,579
• 3-month moving average: $499,406
• Average rental estimate: $2,417 per month
• Rental yield: 5.64% - that is a strong return for landlords
• Airbnb estimate: $120 per night
• Neighbourhood growth rank: 138 out of 191 in Winnipeg

That growth rank is worth talking about. On the neighbourhood leaderboard, houses in Pembina Strip sit at 138 out of 191 Winnipeg neighbourhoods. That puts us in the below-average tier for growth right now. For context, nearby Agassiz is priced higher at $530,538 on the predicted value side. We are not leading the pack, but the rental yield of 5.64% is genuinely strong - that number tells us this is still a solid market for investors and landlords even if pure price appreciation is slow.

Condos

The condo story here is more interesting. The average HonestDoor Price for condos is $2,809,620, and while that is down 2.68% from the previous period, the forward-looking predicted value is climbing to $2,887,001 - up from a 3-month moving average of $2,846,704. That upward trend matters. On the neighbourhood leaderboard, Pembina Strip condos rank 49 out of 175 in Winnipeg for growth. That is above average. We are in the top third of the city for condo momentum.

• Average HonestDoor Price: $2,809,620
• Recent price change: -2.68%
• Predicted value (forward-looking): $2,887,001
• 3-month moving average: $2,846,704
• Average sale price (recent transactions): $194,250
• Average listing price: $234,900
• Price per square foot: $244
• Sale-to-list ratio: 97.62% - buyers are paying just under asking
• Average days on market: 15 days
• Properties sold recently: 2
• Rental estimate: $5,973 per month
• Rental yield: 3.04%
• Airbnb estimate: $297 per night
• Growth rank: 49 out of 175 in Winnipeg - above average
• Days-on-market rank: 14 out of 52 - moderately fast-selling

Condos are moving in about 15 days and selling at 97.62% of list price. That means buyers are not lowballing us - they are coming in close to asking. The market here is stable and leaning toward sellers on the condo side.

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

Here is the thing about your city assessment. It is a snapshot from the past. The city looks at sale data from a specific cutoff date, runs its numbers, and mails you a piece of paper. By the time it reaches your door, the market has already moved. In Pembina Strip right now, prices are shifting month to month - houses are down 1.5% but the predicted value is trending back up, and condos are showing a 2.14% recent gain. Your tax assessment does not know any of that.

The HonestDoor Price is the real-world check. It pulls from current market data and updates in real time. If you are a homeowner here and you are making any decision - refinancing, listing, even just figuring out if your insurance coverage still makes sense - the HonestDoor Price gives you the number that reflects today, not last year.

For houses, that number is $495,062. For condos, it is $2,809,620. Check yours at HonestDoor to see exactly where your property sits right now.

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

If you own a house in Pembina Strip and you are thinking about listing this summer, here is the straight talk. The market is not racing ahead - that 138 out of 191 growth rank tells us that. But the predicted value is ticking upward and the rental demand is real. A 5.64% rental yield means buyers who are investors are paying attention. Price it right and you will find a buyer. Overprice it and you will sit.

If you own a condo, your timing looks better. Above-average growth rank, 15-day average days on market, and buyers paying close to list price - that is a reasonable window to sell. The 19 transactions recorded in 2026 show there is activity here, not a ghost town.

Either way, the first step is knowing your actual number. Pull your HonestDoor Price, compare it to what your neighbours are listing at, and you will have a real starting point for any conversation with your agent. That is the move before you do anything else.

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.