St Matthews, Winnipeg - August 2026 Real Estate Report

St Matthews, Winnipeg: Your Neighbour Just Got a Better Price Than You Think

If you own a home in St Matthews and you're still relying on your city tax assessment to know what your place is worth, you're probably leaving money on the table - or at least working with a number that's already out of date. Here's what's actually happening on our streets right now.

The Vibe: Houses vs. Condos in St Matthews

Houses

We're in an interesting spot. The average sale price for houses hit $229,250 this period - that's up 6.7% from last month. That kind of jump gets your attention. But here's the nuance: homes are selling at about 91 cents on the dollar compared to list price, and listings are averaging $149,900. That gap between list and sale tells us buyers still have some room to negotiate, even as prices trend upward.

• Average HonestDoor Price: $234,917 (up 0.31%)
• Average sale price: $229,250 (up 6.7% from last month)
• Price per square foot: $201
• Average days on market: 24 days
• Sale-to-list ratio: 90.99%
• Estimated monthly rent: $1,273
• Rental yield: 6.08% - that is a strong return
• Airbnb potential: $63 per night
• Transactions in 2026: 26 sales

Speed matters here. Our houses are moving in 24 days on average, which is actually faster than West Broadway at 27 days. For a neighbourhood that ranks 174 out of 185 on price - meaning we're one of the most affordable pockets in the city - that demand is a real signal. People are finding value here and acting on it.

On the neighbourhood leaderboard, St Matthews houses rank 120 out of 193 for growth. Below average, sure - but the 3-month predicted value trend is moving upward, from $232,705 to $234,196. The direction is right.

Condos

The condo story here is a different conversation entirely. The HonestDoor Price for condos sits at $1,054,236, up 1.33% - and the 3-month predicted value is climbing from $1,023,175 to $1,040,398. On the growth leaderboard, St Matthews condos rank 25 out of 175 neighbourhoods in Winnipeg. That puts us in the top tier of performers city-wide.

• Average HonestDoor Price: $1,054,236 (up 1.33%)
• Average sale price: $104,600
• Price per square foot: $142
• Average days on market: 22 days
• Sale-to-list ratio: 93.90%
• Estimated monthly rent: $3,792
• Rental yield: 3.21%
• Airbnb potential: $188 per night

Condos are also selling faster than West Broadway (22 days vs. 27 days). And compared to neighbours like Colony at $1,143,155 or West Broadway at $1,853,325, St Matthews condos are still among the most affordable options in this part of the city. That affordability gap is exactly why demand holds up here.

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

Here's the thing about city assessments - they're a snapshot from the past. By the time that number lands in your mailbox, the market has already moved. The HonestDoor Price is updated in real time, pulling from actual transaction data and current market signals. It's the real-world check, not a bureaucratic lag.

For houses in St Matthews, the HonestDoor Price of $234,917 is already tracking above the recent average sale price of $229,250. That gap matters if you're pricing a listing, refinancing, or just trying to understand your net worth on paper. Waiting for the next assessment cycle to get a clearer picture is like checking last year's weather forecast before you head outside today.

Pull your HonestDoor Price now. It takes two minutes and it's free. That number is the one your buyer's agent is already looking at.

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

If you're a homeowner in St Matthews weighing a summer sale, here is the honest read on your situation.

The good news: prices are moving up, homes are selling faster than nearby neighbourhoods, and there were 26 transactions in the area already in 2026 - which ranks 35th in Winnipeg for total transaction volume. That means buyers are active here. This is not a ghost town market.

The reality check: homes are selling at roughly 91% of list price. That means overpricing your listing will cost you time and negotiating leverage. The sweet spot is pricing sharp and letting the demand do the work. A house sitting for 45 days because it launched at the wrong number is a harder sell than one that moves in 24.

If you own a condo, the growth rank of 25 out of 175 is genuinely a strong talking point in a listing conversation. Top-tier growth, faster-than-average days on market, and still priced below most comparable Winnipeg neighbourhoods - that is a combination worth acting on before the summer window closes.

Bottom line: St Matthews is not the flashiest name in Winnipeg real estate right now, but the numbers are quietly telling a good story. Know your HonestDoor Price, price it right, and move while the market is paying attention.

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.