St George, Winnipeg - September 2026 Real Estate Report

St. George, Winnipeg: Prices Are Holding, But Here Is What You Need to Know Before You List

The Vibe Right Now

If you have been watching the "For Sale" signs in St. George lately, here is what is actually happening. The market is not crashing, but it is not on fire either. It is taking a breather. Homes are selling, buyers are negotiating, and the numbers tell a pretty clear story depending on whether you own a house or a condo.

Houses - The Real Numbers

For those of us with detached homes in St. George, the average HonestDoor Price sits at $369,156 - down a slim 0.55% from last period. That is not a alarm bell, but it is worth paying attention to. The predicted market value for houses is $371,196, which is actually creeping up past the 3-month moving average of $367,643. So the short-term direction is slightly positive, even if the bigger picture is flat.

• Average sale price: $322,533 (essentially unchanged)
• Average list price this month: $377,400
• Price per square foot: $366
• Sale-to-list ratio: 95.15% - buyers are paying below asking
• Average days on market: 36 days
• Properties sold in 2026: 33 total transactions
• Days-on-market rank: 34 out of 71 neighbourhoods - moderately fast

That 95.15% sale-to-list ratio is the number to watch. It means if you list at $377,000, expect offers closer to $358,000. This is a buyers' market right now. Not a brutal one, but buyers know they have a little room to push.

On the rental side, estimated rent comes in at $1,943 per month with a rental yield of 5.87%. For anyone thinking about holding rather than selling, that is a strong return. St. George is not a bad place to be a landlord.

On the neighbourhood leaderboard, St. George houses rank 110 out of 191 for growth and 137 out of 187 for price. That puts us in the below-average tier for both - not the bottom, but not leading the pack either. Norberry next door clocks an average HonestDoor Price of $385,977, and Alpine Place comes in cheaper at $346,929. We sit right in the middle of that range.

Condos - A Different Story

Condo owners in St. George are sitting on significantly higher values. The average HonestDoor Price for condos here is $1,016,273, though that has dipped 1.02% recently. The predicted market value is $1,026,757, which is above the 3-month moving average of $1,022,556 - so again, a slight upward nudge in the short term.

• Average HonestDoor Price: $1,016,273
• Predicted market value: $1,026,757
• Estimated rent: $3,869 per month
• Rental yield: 3.13%
• Airbnb estimate: $191 per night
• Airbnb rank in Winnipeg: 100 out of all neighbourhoods
• Growth rank: 119 out of 175 - below average

The 3.13% rental yield for condos is moderate - it covers costs but does not generate the same returns as the house side. If you own a condo here and are weighing your options, the numbers suggest selling sooner rather than waiting for a big appreciation bump. Growth rank of 119 out of 175 means other Winnipeg neighbourhoods are outpacing us right now.

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

Here is the thing about your city tax assessment - it is a snapshot from the past. It gets updated on a schedule, not in real time. The market does not wait for that schedule. Prices in St. George have been moving, even if only slightly, and that movement is not showing up on your assessment notice.

The HonestDoor Price is a live estimate. It pulls from actual transaction data, current listing activity, and real comparable sales. Right now, the average HonestDoor Price for houses in St. George is $369,156 - and the predicted value is already nudging higher at $371,196. If you are making a decision about selling, refinancing, or even just understanding what you actually own, the HonestDoor Price is the real-world check you need. Your assessment is a starting point. The HonestDoor Price is where the market actually is today.

The So What - Thinking About Selling This Summer?

If you are planning to list this summer, here is the straight talk. St. George is not a hot seller's market right now. Homes are sitting for 36 days on average and selling for about 5% under list price. That means your pricing strategy matters more than ever. Overpricing will cost you time and negotiating leverage.

The good news - 33 transactions have already happened in 2026, and St. George ranks 28 out of all Winnipeg neighbourhoods for total transaction volume. People are buying here. The demand is real, it is just measured. Price it right from day one and you will find a buyer. Price it with wishful thinking and you will be doing a price drop in week three.

For condo owners, the same logic applies. Values are holding near the $1 million mark, but growth is below average and the rental yield is moderate. If you have been thinking about cashing out, this summer is a reasonable window - just do not expect a bidding war.

Bottom line - St. George is a stable, mid-tier Winnipeg neighbourhood with real transaction activity and solid rental fundamentals on the house side. It is not the flashiest market in the city, but it is not falling apart either. Know your HonestDoor Price, price your home honestly, and you will be fine.

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.