Springfield North, Winnipeg - July 2026 Real Estate Report

Springfield North, Winnipeg: Your Neighbour Just Got More For Their House Than You Think

If you live in Springfield North and you haven't checked your home's value lately, you might be leaving serious money on the table. The market here is moving fast - and not always in the direction you'd expect. Here's the real picture, broken down so it actually makes sense.

The Vibe: What's Happening on Our Streets Right Now

Houses - Still Strong, But Watch the Numbers

If you've been watching the "For Sale" signs in Springfield North, here's what's actually happening with houses. Sales are down - only 7 homes sold this month, a 36% drop from last month. Average sale prices came in at $419,243, which is down 10.7% from the previous month. That sounds alarming, but context matters. Homes are still selling in just 8 days on average, and sellers are getting 103.48% of their asking price. Buyers are still paying over list. That's not a collapsing market - that's a market taking a breather while still rewarding well-priced homes.

• Average sale price: $419,243 (down 10.7% from last month)
• Average listing price: $419,900
• Price per square foot: $363
• Average days on market: 8
• Sale-to-list ratio: 103.48% - buyers paid above asking
• Properties sold this month: 7

On the neighbourhood leaderboard, Springfield North houses rank 17 out of 193 Winnipeg neighbourhoods for growth rate. That puts us in the top 9% of the city. Days-on-market rank is 8 out of 67 - meaning our homes sell faster than almost everyone else in Winnipeg. That's a real edge if you're a seller.

Condos - A Different Story

The condo side of Springfield North is a cooler conversation. Only 2 condos sold this month, and they averaged $287,350 - down 5.6% from last month. Buyers paid 95.02% of list price, meaning sellers had to negotiate. Condos are sitting on the market for 32 days, which is longer than nearby River East at 24 days. The growth rank here sits at 100 out of 190 neighbourhoods - right in the middle of the pack. If you own a condo here, you're not in a bad spot, but you're not holding a hot hand either.

• Average sale price: $287,350 (down 5.6% from last month)
• Average listing price: $302,450
• Price per square foot: $272
• Average days on market: 32
• Sale-to-list ratio: 95.02% - buyers negotiated below asking
• Properties sold this month: 2

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

Here's the thing most Springfield North homeowners don't realize. Your city tax assessment is a snapshot from the past. It doesn't know what sold on your street last week. The HonestDoor Price is a real-world check - it's updated continuously using actual transaction data, so it reflects what buyers are paying right now, not what a government office estimated a year or two ago.

For houses in Springfield North, the HonestDoor Price is sitting at $493,706 - up 0.84% from the previous period. The predicted market value for houses is $489,578. Compare that to nearby River East at $482,014 and McLeod Industrial at $470,153. We're priced above both neighbours. That gap is real money - roughly $11,000 to $23,000 more than what a buyer would pay in those areas.

For condos, the HonestDoor Price is $1,447,737, and the predicted market value is even higher at $1,475,708 - which is actually increasing compared to the 3-month moving average of $1,455,660. If your tax assessment hasn't caught up to that, you need to know before you price, sell, or refinance.

• House HonestDoor Price: $493,706 (up 0.84%)
• Condo HonestDoor Price: $1,447,737 (down 1.90%)
• House predicted market value: $489,578
• Condo predicted market value: $1,475,708
• House rental estimate: $2,491 per month
• Condo rental estimate: $4,302 per month
• House rental yield: 5.66% - that's strong
• Condo rental yield: 3.42% - moderate

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

If you own a house in Springfield North and you're thinking about listing this summer, the window is real but it's not unlimited. Homes are still selling fast - 8 days on market is exceptional - and buyers are still paying over asking. But the month-over-month price dip tells us the peak frenzy has cooled. Price it right from day one and you'll likely still get over list. Overprice it and you'll feel the shift.

If you own a condo, be honest with yourself. Buyers are negotiating, and 32 days on market means you need a sharp price and a clean presentation. The predicted value is trending upward on the 3-month average, so the fundamentals aren't broken - but this isn't a market where you can just throw a number on it and wait.

Either way, the first move is the same. Check your HonestDoor Price before you call an agent, before you set a number, and before you assume your old tax assessment tells you anything useful. In a market moving this fast, real-time data is the only data that matters.

• Houses: 33 total transactions in 2026 - solid activity for the area
• Airbnb potential: $124 per night for houses, $213 per night for condos
• Springfield North house growth ranks 17 out of 193 Winnipeg neighbourhoods
• Nearby comparison - Springfield South houses average $431,033, we're $62,000 higher

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.