South Pointe, Winnipeg - September 2026 Real Estate Report

South Pointe Real Talk: Your Neighbour's House Is Worth More Than the City Thinks

If you live in South Pointe and you're still going off your last city assessment to figure out what your home is worth, you're working with stale numbers. Here's what's actually happening on the ground right now.

The Vibe: Houses vs. Condos in South Pointe

Houses - Solid, But Taking a Breather

We're sitting in one of Winnipeg's pricier pockets. House prices here rank 17th out of 187 neighbourhoods in the city - that's top 10%. That's not nothing. The average sale price is holding at $664,262, and listings are coming in around $651,300 this month. Prices are essentially flat, which isn't a crash - it's a market catching its breath.

The number that matters most for sellers right now: homes are selling at 94.70% of list price. Buyers are negotiating, and they're winning a bit. If you list at $700,000, expect offers closer to $663,000. Price it right from day one.

• Average HonestDoor Price: $699,916
• Average sale price: $664,262
• Price per square foot: $398
• Average days on market: 37 days
• Properties sold this period: 8
• Sale-to-list ratio: 94.70%
• Estimated monthly rent: $3,270
• Rental yield: 5.24%
• Growth rank: 113 out of 191 neighbourhoods in Winnipeg

Thirty-seven days on market is worth paying attention to. Prairie Pointe next door is moving homes in 24 days. That gap tells us buyers have a few more options than they did six months ago. We're not in a fire-sale situation, but the days of accepting any offer in the first weekend are behind us for now.

Condos - A Quieter Story With a Brighter Trend

The condo side of South Pointe is a smaller market - only 2 sales this period and 7 transactions so far in 2026. Low volume means each sale moves the needle more. Take the numbers with that in mind.

What stands out here is the growth rank. Condos in South Pointe sit 64th out of 175 comparable neighbourhoods - that's above average. And recent values are up 1.87%, which is a better story than the house side right now. If you own a condo here, the trend is quietly working in your favour.

• Average HonestDoor Price: $329,666
• Average sale price: $292,150
• Price per square foot: $328
• Average days on market: 28 days
• Properties sold this period: 2
• Sale-to-list ratio: 98.35%
• Estimated monthly rent: $1,794
• Rental yield: 4.13%
• Growth rank: 64 out of 175 neighbourhoods in Winnipeg

Condo buyers here are paying 98.35% of list price. That's much closer to full ask than the house market. Less room to negotiate means sellers hold more leverage on the condo side right now.

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

Here's the honest truth about city assessments: they are backward-looking. The City of Winnipeg calculates your assessed value using sale data that can be 12 to 24 months old by the time it lands in your mailbox. A lot has changed since then.

The HonestDoor Price is updated in real time using current sales, current listing activity, and current market signals. For houses in South Pointe, the HonestDoor Price is $699,916 - but the predicted market value for houses is sitting at $710,689, up from the 3-month moving average of $705,883. That upward trend in the predictive model is the kind of detail a city assessment will never show you until it's old news.

Think of your city assessment as a report card from last year. The HonestDoor Price is your grade right now, today. If you're making any decision about selling, refinancing, or even just understanding your net worth, the HonestDoor Price is the number to use.

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

South Pointe is still one of the most expensive neighbourhoods in Winnipeg. That's a real advantage. But the market is telling us a few things sellers need to hear before they plant that sign in the lawn.

For house sellers: you are in a buyers' market right now - a stable one, not a scary one. Homes are sitting for 37 days on average. Buyers are coming in below list. The move is to price sharp from the start. An overpriced listing in this market will sit, and a listing that sits loses leverage fast.

For condo sellers: your timing is actually pretty good. Buyers are paying close to full ask, and your growth rank puts you above average in the city. Fewer condos sell here, so when a well-priced unit hits the market, it gets attention.

For anyone on the fence: the predicted house value of $710,689 is trending up from the 3-month average. The market isn't collapsing - it's just not the frenzy of a couple years ago. If you need to sell, price it right and move. If you can wait, the fundamentals here are still strong.

• South Pointe house prices rank 17 out of 187 neighbourhoods - top tier in Winnipeg
• Condo growth ranks 64 out of 175 - above average and trending up
• Rental yields of 5.24% on houses make this a legitimate investment neighbourhood
• 29 total house transactions in 2026 so far - a real, active market

Bottom line: South Pointe is not a neighbourhood in trouble. It's a premium area taking a normal breather. Know your real number - check your HonestDoor Price - and make your move with clear eyes.

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.