Sir John Franklin, Winnipeg - August 2026 Real Estate Report

Sir John Franklin, Winnipeg: Houses Are Flying Off the Market and Sellers Are Winning Big

If you live in Sir John Franklin and you have been quietly wondering whether now is the time to make a move, here is your answer. The numbers are telling a clear story right now - and it is one that favors anyone with a "For Sale" sign in their future.

The Vibe: Houses vs. Condos - Two Very Different Stories

We are seeing a real split in our neighbourhood right now, depending on what type of property you own.

Houses: Sellers, This One Is for You

Houses in Sir John Franklin are on fire - in the best possible way. The average sale price hit $562,767 this period, up 17.3% from last month. Buyers are not just meeting the asking price, they are blowing past it. Properties are selling at 105.56% of list price on average. That means if you list at $500,000, you could realistically walk away with over $527,000.

• Average sale price: $562,767 (up 17.3% from last month)
• Average list price: $449,900
• Sale-to-list ratio: 105.56% - buyers are paying above asking
• Average days on market: 6 days
• Price per square foot: $497
• 3 homes sold this period

Six days on market. That is not a typo. For context, nearby Edgeland is sitting at 8 days - and we are beating that. On the neighbourhood leaderboard, Sir John Franklin houses rank 6th out of 71 Winnipeg neighbourhoods for speed of sale. That is elite territory. Growth rate ranks 75th out of 193 neighbourhoods, putting us solidly above average across the city.

Condos: Steady, Not Spectacular

The condo side of our market is a different conversation. Things are calm - not crashing, just catching its breath. One condo sold this period at $434,900, which came in just under the list price at 98.69%. Buyers here have a little more room to negotiate, and properties are sitting for about 29 days before selling.

• Average sale price: $434,900
• Average list price: $388,900
• Sale-to-list ratio: 98.69% - slight room to negotiate
• Average days on market: 29 days
• Price per square foot: $403
• 1 condo sold this period

Condo growth ranks 56th out of 175 Winnipeg neighbourhoods - above average, but not the sprint we are seeing on the house side. If you own a condo here, the market is stable. If you are buying one, you have a bit more leverage than a house buyer does right now.

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

Here is something worth paying attention to. The city's assessed value on your property is a snapshot from the past. It does not update in real time, and it does not know what happened in your neighbourhood last month. The HonestDoor Price does.

Right now, the average HonestDoor Price for a house in Sir John Franklin is $475,618. The predicted market value is sitting at $478,220 - and that number is climbing, up from a 3-month moving average of $469,993. For condos, the HonestDoor Price is $583,771, with a predicted market value of $590,458, also trending upward from the $585,583 moving average.

That gap between what the city thinks your home is worth and what the market is actually doing right now? That is money left on the table if you are making decisions based on old data. The HonestDoor Price is your real-world check - updated, neighbourhood-specific, and a lot closer to what a buyer would actually pay today.

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

If you own a house in Sir John Franklin and selling has crossed your mind, the conditions right now are about as good as it gets. Homes are selling in less than a week, buyers are bidding over asking, and prices are up sharply. Waiting for the "perfect moment" might mean missing the moment that is already here.

A few things to keep in mind before you list:

• Check your HonestDoor Price first - it reflects current market movement, not last year's assessment
• With a 105.56% sale-to-list ratio, pricing strategy matters - list smart and let competition do the work
• Rental demand is real here too - estimated rent of $2,378 per month and a 5.68% rental yield means investors are watching this neighbourhood
• If you own a condo, the market is stable but slower - price it right and be patient, or wait to see if house-market momentum spills over

Sir John Franklin is not the cheapest neighbourhood in Winnipeg - house prices rank 28th out of 185 neighbourhoods citywide. But buyers are clearly willing to pay for it. If you are on the fence, the data is nudging you pretty hard right now.

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.