Ridgewood South, Winnipeg - July 2026 Real Estate Report

Ridgewood South Is Holding Its Ground - Here Is What Your Home Is Actually Worth Right Now

If you live in Ridgewood South and you have been wondering whether the market is still working in your favour, the short answer is yes - but the details matter. Prices are not exploding, but they are not sliding either. This neighbourhood is doing something a lot of Winnipeg right now is not: staying expensive and selling at a decent clip.

The Vibe: Houses vs. Condos

Houses - Steady, Pricey, and Moving

We are sitting in one of the pricier pockets of Winnipeg. The average HonestDoor Price for a house here is $670,015 - up 2.15% from the previous period. Actual sales are averaging $743,325, and listings are coming in around $713,233. That gap tells you sellers are getting close to what they ask for.

• Average sale price: $743,325
• Average list price: $713,233
• Sale-to-list ratio: 98% - buyers are paying very close to asking
• Average days on market: 21
• Price per square foot: $398
• Properties sold in 2026: 8 this month, 15 total transactions
• Rental yield: 5.32% - that is a strong number for Winnipeg
• Estimated monthly rent: $3,090

Houses here are ranked 15 out of 185 for price across Winnipeg - meaning we are near the top of the city's leaderboard. On growth, we rank 20 out of 193 neighbourhoods. That is top 10%. Homes are not flying off the shelf in 48 hours, but 21 days is a healthy pace. The market is not panicking and neither should you.

Condos - A Bit More Cautious, But Still Competitive

The condo side of Ridgewood South is a different story. The HonestDoor Price sits at $444,757, down a modest 0.63%. One condo sold this month at $455,000 - up 4.5% from last month - but with only one sale, we should not read too much into that jump. Buyers here are negotiating harder, landing at 94.67% of list price on average.

• Average HonestDoor Price: $444,757
• Average sale price: $455,000
• Average list price: $459,800
• Sale-to-list ratio: 94.67%
• Average days on market: 29
• Price per square foot: $351
• Estimated monthly rent: $2,307
• Rental yield: 3.94%
• Predicted market value: $447,583 - trending up vs. the 3-month average of $440,781

Condo growth ranks 71 out of 190 in Winnipeg - above average, not elite. The predicted value of $447,583 is right in line with nearby Roblin Park at $447,500, which means we are holding our own against the neighbours. Condos here are also ranked 15 out of 121 for price - still among the most expensive in the city.

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. It does not know what sold on your street last month. It does not account for the fact that house prices in Ridgewood South have moved 2.15% recently. It is basically a photo from a year or two ago being used to describe what you look like today.

The HonestDoor Price is updated in real time using actual transaction data. For houses here, that number is $670,015. For condos, it is $444,757. These are the numbers a buyer's agent is going to walk in with. If you are only looking at your tax assessment, you are negotiating blind.

Ridgewood South sits in the top 10% of Winnipeg neighbourhoods for house price growth. Your neighbours in Roblin Park, Eric Coy, and Betsworth are all priced noticeably lower - houses there are ranging from $534,000 to $544,000 compared to our $670,015 average. That gap is your premium. Know it. Use it.

The So What: Thinking About Selling This Summer?

If you are a homeowner in Ridgewood South and summer is on your mind, here is the honest read.

For house sellers, the conditions are about as good as you can ask for in a market that is not in full frenzy mode. Buyers are paying 98% of list price. Homes are moving in three weeks. You are priced above your neighbouring hoods by a significant margin, and the growth rank of 20 out of 193 means buyers looking at data are going to see Ridgewood South as a strong bet. Price it right and you will not be sitting long.

For condo sellers, be a little more patient. Buyers are negotiating more - that 94.67% sale-to-list ratio means they are shaving roughly $25,000 off asking on average. The predicted value is trending upward, which is a good sign, but with thin sales volume, pricing strategy matters a lot. Come in too high and you will sit for 29 days or more.

• Best move right now: Check your HonestDoor Price before you call an agent - it is your real-world anchor
• Houses: Strong position, price confidently
• Condos: Price sharp, let the data do the talking
• Rental investors: A 5.32% yield on houses is genuinely solid for this city
• Neighbourhood leaderboard: Top 10% for growth, top 10% for price - Ridgewood South is not a secret anymore

Bottom line - this neighbourhood is not cheap, it is not cooling off in any serious way, and buyers know it. If you have been sitting on the fence about selling, the data right now is about as friendly as it gets.

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.