St Matthews, Winnipeg - July 2026 Real Estate Report

St Matthews, Winnipeg: Your Neighbour Just Got a Surprise on Their Assessment - Here's the Real Number

The Vibe Right Now

If you've been watching the "For Sale" signs on your block, here's what's actually happening in St Matthews. The neighbourhood is holding its own - not setting the city on fire, but not falling apart either. Houses and condos are telling two pretty different stories right now, so let's break it down.

Houses: Affordable, Active, and Moving Fast

The average HonestDoor Price for a house in St Matthews sits at $234,196 - up 1.39% from the previous period. That's steady, not spectacular, but it means your home is worth more than it was. On the leaderboard, our house growth ranks 131 out of 193 Winnipeg neighbourhoods, which puts us in the below-average tier for appreciation. Honest? Yes. The end of the world? No.

What's interesting is how fast things are actually selling. Houses are spending an average of 24 days on the market - beating out nearby West Broadway at 27 days. That means buyers are showing up and making decisions quickly. We ranked 24 out of 67 neighbourhoods for days-on-market speed. That's a genuinely good sign for sellers.

• Average HonestDoor Price (Houses): $234,196
• Recent average sale price: $236,800 - up 22.2% from last month
• Average days on market: 24 days
• Sale-to-list price ratio: 90.99% - buyers are negotiating below asking
• Price per square foot: $227
• Rental yield: 6.08% - that's a strong return for landlords
• Estimated monthly rent: $1,253
• Price rank: 173 out of 185 - one of the most affordable entry points in the city

That 6.08% rental yield is worth pausing on. If you own a house in St Matthews and you're not living in it, you're sitting on a solid income property. Compare that to Colony just down the road, where the HonestDoor Price jumps to $468,600 - your yield would look very different over there.

Condos: The Quiet Overachiever

Here's where St Matthews gets interesting. The condo market is punching above its weight. The average HonestDoor Price for condos is $1,040,398 - up 1.70% recently - and the predicted market value of $1,022,973 is actually climbing above the 3-month moving average of $1,005,818. That's momentum in the right direction.

On the neighbourhood leaderboard, St Matthews condos rank 37 out of 190 Winnipeg neighbourhoods for growth. That puts us in the top performers category city-wide. Not bad for a neighbourhood that doesn't always get the headlines.

• Average HonestDoor Price (Condos): $1,040,398
• Recent average sale price: $104,600
• Average days on market: 23 days - faster than West Broadway
• Sale-to-list price ratio: 93.90%
• Estimated monthly rent: $3,711
• Rental yield: 3.23%
• Airbnb estimate: $187 per night - Airbnb rank 104 in Winnipeg
• Growth rank: 37 out of 190 - top performers in the city

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. The city looks at sale data from a fixed period and applies it broadly. It doesn't know that your block sold faster than West Broadway last month. It doesn't know that condo values in St Matthews are trending upward right now in real time.

The HonestDoor Price is updated continuously using actual market signals - recent sales, price-per-square-foot trends, rental demand, and neighbourhood comparisons. For houses, we're seeing a predicted market value of $230,996. For condos, it's $1,022,973 and climbing. Those numbers reflect what a buyer would actually pay today - not what the city decided your home was worth based on older data.

If you're making any financial decision - refinancing, selling, or just figuring out your net worth - the HonestDoor Price is the real-world check you need before you trust a government document that might be a year or two behind the market.

The "So What?" - Should You Sell This Summer?

If you own a house in St Matthews and you're thinking about listing this summer, here's the straight talk. Buyers are active - 23 properties transacted in 2026 already, and homes are moving in under 25 days. That's real demand. The catch is that buyers are negotiating - the average sale came in at about 91% of list price, so price it right from the start. Overpricing will cost you time and leverage.

St Matthews is one of the most affordable entry points in Winnipeg, ranking 173 out of 185 neighbourhoods on price. That's actually a selling point - you're marketing to a wide pool of buyers who are priced out of Colony or West Broadway but still want to be close to those neighbourhoods.

For condo owners, the story is even more encouraging. Values are rising, you're in the top growth tier city-wide, and your Airbnb potential at $187 per night gives you options beyond a traditional sale. If you're not in a rush, holding might make sense. If you need to move, the market is stable enough that you won't be leaving money on the table.

Bottom line - St Matthews isn't the flashiest neighbourhood on the Winnipeg map, but it's working. Check your HonestDoor Price today, because the number might surprise you.

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.