Springfield South, Winnipeg - September 2026 Real Estate Report

Springfield South, Winnipeg: Here's What Your Home Is Actually Worth Right Now

If you've been glancing at your last property tax assessment and feeling pretty good about it, hold on. The market in Springfield South has been moving - and not always in the direction that old government number suggests. Here's the real picture, straight up.

The Vibe: What's Happening on Our Streets

Springfield South is in a steady, no-drama phase right now. Prices haven't collapsed. They haven't exploded either. Think of it as the market catching its breath after a busy run. Here's how houses and condos are each telling their own story.

Houses: Solid Ground, But Watch the Trend

If you own a house in Springfield South, the numbers are holding up reasonably well. The average sale price is sitting at $458,700, and listings are coming in around $459,900. Those two numbers being nearly identical tells you sellers are pricing close to reality - which is a good sign for everyone.

• Average HonestDoor Price: $420,052 (down 1.85% from last period)
• Average sale price: $458,700
• Current average list price: $459,900
• Price per square foot: $454
• Sale-to-list ratio: 99.74% - buyers are paying just under asking
• Average days on market: 19 days
• Properties sold in 2026: 8 transactions
• Predicted market value: $427,986
• Estimated monthly rent: $2,206
• Rental yield: 5.77%

That 19-day average is worth paying attention to. On the Winnipeg leaderboard for days on market, Springfield South houses rank 18 out of 71 neighbourhoods - meaning our homes are moving faster than most. That's a real edge if you're thinking about selling.

The growth rank is the honest part of this picture. We sit at 149 out of 191 neighbourhoods for price growth. That puts us in the below-average tier for appreciation right now. It doesn't mean the sky is falling - it just means Springfield South is taking a breather while some other parts of the city run hotter. For price level overall, we rank 87 out of 187, which is above average. So we're not cheap - we're just not climbing fast at the moment.

For landlords or anyone thinking about buying a rental here, a 5.77% rental yield is genuinely strong. With estimated rent at $2,206 a month, the math works better here than in a lot of pricier Winnipeg neighbourhoods.

Condos: A Softer Patch Right Now

The condo side of Springfield South is showing a bit more pressure. Values have dipped, and the predicted value is trending slightly downward compared to recent months. It's not a crisis - but it's worth knowing before you make any moves.

• Average HonestDoor Price: $359,200 (down 3.62% from last period)
• Predicted market value: $372,700
• 3-month moving average: $375,150 (predicted value is trending down)
• Estimated monthly rent: $1,965
• Rental yield: 4.08%
• Recent value change: up 0.80%
• Growth rank: 108 out of 175 Winnipeg neighbourhoods

That 3.62% drop in the HonestDoor Price is the number condo owners should sit with for a minute. The predicted value is also slipping below the 3-month average, which suggests the short-term direction is still softening. The growth rank of 108 out of 175 puts condos in below-average territory for appreciation. A 4.08% rental yield is moderate - not bad, but not the standout number we see on the house side.

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

Here's the thing about your city assessment - it's a snapshot from the past. It gets updated on a schedule that has nothing to do with what a buyer would actually pay you today. The HonestDoor Price is a live, real-world check. It pulls in current sales data, market shifts, and what comparable properties are actually doing right now.

In Springfield South, the gap between the HonestDoor Price for houses ($420,052) and the actual average sale price ($458,700) shows you exactly why this matters. If you were relying only on a static government number, you could be walking into a negotiation either overconfident or underinformed. Neither is a good spot to be in.

Check your HonestDoor Price before you talk to any agent. It takes two minutes and gives you a real-world anchor for every conversation that follows.

The So What: Thinking About Selling This Summer?

Here is the honest read for Springfield South sellers heading into summer 2026.

If you own a house, the conditions are actually decent. Homes are selling in under three weeks on average, buyers are paying within a hair of asking price, and the price-per-square-foot at $454 gives you a solid floor to work from. The market is stable - not on fire, but not soft either. A well-priced house in Springfield South right now should move.

If you own a condo, the picture calls for a bit more care. Values have slipped 3.62% and the trend is still drifting downward. That doesn't mean you shouldn't sell - it means you need to price sharp from day one. Sitting on the market while values ease is the worst outcome. Get your HonestDoor Price, talk to an agent who knows this pocket of Winnipeg, and price to attract real offers quickly.

Either way, summer is historically when buyers are most active. The window is real. The question is whether you use it or wait for a rebound that may or may not show up before fall.

• Houses: Stable market, fast days on market - a reasonable time to list if priced right
• Condos: Softening values - price aggressively and move with purpose
• Both: Check your HonestDoor Price first. Your tax assessment is not your selling price.

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.