Ridgewood South, Winnipeg - August 2026 Real Estate Report

Ridgewood South Real Estate Update: Your House Is Worth More Than the City Thinks

The Vibe Right Now

If you live in Ridgewood South and you haven't checked your home's value lately, you're probably leaving money on the table. This is one of Winnipeg's pricier pockets - ranked 14th out of 185 neighbourhoods for house prices - and the numbers from 2026 are telling an interesting story. It's not a runaway market, but it's holding strong where it counts.

Houses: Strong Prices, But Take Your Time

Here's what's actually happening on the house side of things. The average sale price hit $797,975 this month - that's up 18.3% from last month. Before you get too excited, that kind of single-month jump usually means a small number of higher-end sales skewed the average. And with only 4 homes sold this month, that's exactly what's going on here.

• Average sale price: $797,975
• Average list price: $799,950
• Sold-to-list ratio: 97.11% - buyers are paying just under asking
• Average days on market: 43 days
• Price per square foot: $411
• HonestDoor Price (real-time estimate): $673,125 - up 0.46%
• 3-month predicted value: $670,015 - trending up from $657,252

The 43-day average time on market is worth noting. Homes here aren't flying off the shelf overnight. Buyers are taking their time, which means if you're selling, your pricing and presentation need to be sharp. That said, the neighbourhood growth rate ranks 69th out of 193 in Winnipeg - that puts Ridgewood South in the above-average tier on the city leaderboard. Not the fastest mover, but solidly ahead of the pack.

Thinking about renting instead of selling? The average rental estimate sits at $3,154 per month, with a rental yield of 5.30%. That's a strong return. Airbnb potential is around $157 per night, ranking 39th in the city for short-term rental income.

Condos: Taking a Breather

The condo market in Ridgewood South is a different conversation. With only 1 sale this month and prices down 1.6% from last month, we're seeing a bit of a cooldown. That's not a crisis - it's a blip. But it's worth knowing before you set your expectations.

• Average sale price: $447,700 - down 1.6% from last month
• Average list price: $459,800
• Sold-to-list ratio: 94.67% - buyers are negotiating more room here
• Average days on market: 29 days
• Price per square foot: $345
• HonestDoor Price (real-time estimate): $456,548 - up 2.65%
• 3-month predicted value: $444,757 - slightly down from $446,072

The condo growth rate ranks 108th out of 175 in Winnipeg - that puts us in the below-average range on the neighbourhood leaderboard right now. The silver lining? Condos here still rank 17th out of 123 for price, meaning Ridgewood South condos are among the most valuable in the city. And at 29 days on market, they're moving at a moderate pace - ranked 24th out of 51 for speed. The rental picture is decent too, at $2,346 per month, though the yield of 3.95% is more moderate than the house side.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here's the thing about your city assessment - it's a snapshot from the past. Winnipeg reassesses on a fixed cycle, which means the number on your tax bill could be months or even years behind where the market actually is today.

The HonestDoor Price is updated in real time using actual sales data, listing activity, and market trends. For houses in Ridgewood South, that number is sitting at $673,125 right now - and it's been climbing. For condos, it's $456,548, up 2.65% from the previous period. These aren't guesses. They're the closest thing to a live market pulse you can get without calling an agent.

Why does this matter for your wallet? If you're refinancing, disputing your assessment, or just trying to figure out where you stand, the HonestDoor Price gives you a real-world check - not a number that was accurate 18 months ago.

So What Does This Mean If You're Thinking About Selling This Summer?

For house sellers, the timing is reasonable. Prices are holding near the top of the Winnipeg market, the predicted value is trending upward, and buyers are still paying close to asking - just not over it. You won't get a bidding war frenzy, but you will get serious buyers. Price it right and you're in good shape.

For condo sellers, be realistic. The market is softer right now, buyers have a bit more leverage at 94.67% of list, and the predicted value is nudging down slightly. That doesn't mean don't sell - it means don't overprice and expect to sit for 29-plus days wondering what went wrong.

Either way, your neighbours in Roblin Park, Eric Coy, and Betsworth are all priced lower than Ridgewood South. That's your competitive edge. People who want this area are willing to pay for it - just make sure your listing reflects the real 2026 market, not wishful thinking from last year.

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.