St Matthews, Winnipeg - October 2026 Real Estate Report
St Matthews, Winnipeg: Prices Are Up, But the Market Is Telling You Something
If you own a home in St Matthews and you haven't checked your property value lately, now is the time. The numbers are moving - and not all in the same direction. Here is what is actually happening on our streets right now.
The Vibe: Houses vs. Condos
For houses, we are seeing something interesting. The average sale price sits at $267,100, up 5.0% from last month. That sounds great on the surface. But dig a little deeper and the picture gets more nuanced. Listings are averaging $279,900, and homes are selling at about 95.45% of list price - meaning buyers are negotiating and winning. With only 2 sales this month and homes sitting on the market for an average of 36 days, the pace is slower than nearby West Broadway, where homes are moving in 27 days. The market is taking a breather. That does not mean panic - it means strategy.
- Average sale price (houses): $267,100 - up 5.0% from last month
- Average list price: $279,900
- Sale-to-list ratio: 95.45% - buyers are paying below ask
- Average days on market: 36 days
- Price per square foot: $194
- Rental yield: 6.08% - that is a strong return for investors
- Growth rank: 55 out of 191 neighbourhoods in Winnipeg - above average
- Price rank: 166 out of 188 - one of the most affordable entry points in the city
For condos, the story is steadier. One sale this month at $104,600, essentially flat from last month. Condos here are moving in 22 days - faster than West Broadway's 27-day average - which tells us there is real demand at this price point. Buyers are paying 93.90% of list, so there is still room to negotiate, but the speed of sales suggests serious buyers are circling.
- Average condo sale price: $104,600 - stable
- Average list price: $104,900
- Sale-to-list ratio: 93.90%
- Average days on market: 22 days
- Price per square foot: $142
- Rental yield: 3.22% - moderate but consistent
- Growth rank: 57 out of 175 neighbourhoods - above average
- Price rank: 124 out of 126 - among the most affordable condos in Winnipeg
The Secret Sauce: Your HonestDoor Price vs. That Old Assessment
Here is the thing about your city tax assessment - it is a snapshot from the past. It does not know what sold on your block last month. It does not factor in what buyers are actually paying right now. The HonestDoor Price does.
For houses in St Matthews, the HonestDoor Price is currently $235,031, up 0.80% from the previous period. The predicted market value for houses is $233,158 - and that number is being tracked against a 3-month moving average of $234,091. That is real-time data, not a number a government office calculated two years ago.
For condos, the HonestDoor Price is $1,075,110, up 2.69%. Your city assessment is not going to show you that kind of movement. If you are making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number to start with.
Compare that to what is happening in nearby neighbourhoods. Colony homes are averaging $516,538 on the HonestDoor scale. West Broadway sits at $337,368. St Matthews houses at $235,031 are genuinely one of the more affordable options close to the core. That context matters when you are deciding whether to sell, hold, or invest.
The So What - Should You Sell This Summer?
If you are a homeowner in St Matthews thinking about listing this summer, here is the honest take.
The 5.0% jump in house sale prices month-over-month is encouraging. But 36 days on market and a sale-to-list ratio under 96% tells us buyers have options and they know it. You are not in a situation where you can overprice and expect a bidding war. Price it right from day one and you will find a buyer. Price it like it is 2022 and you will be sitting on it.
The rental yield on houses - 6.08% - is genuinely strong. If selling is not urgent, holding and renting is a real option worth running the numbers on. Estimated rent of $1,264 per month on a house in this price range is not bad at all.
For condo owners, the market is stable and moving reasonably fast. At $104,600 average sale price and a price rank of 124 out of 126 neighbourhoods, you are selling at one of the lowest price points in the city. That is your competitive edge - lean into it.
Bottom line - St Matthews is affordable, above average in growth rank, and sitting in a market that rewards smart pricing. Check your HonestDoor Price before you do anything else. It is the most current read on what your property is actually worth today - not what the city decided it was worth a couple of years ago.
st matthews | winnipeg | october 2026This 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.