St Matthews, Winnipeg - September 2026 Real Estate Report

St Matthews, Winnipeg: Your Neighbour Just Asked What Their House Is Worth - Here's the Real Answer

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 market isn't on fire, but it isn't frozen either. It's doing what smart, steady neighbourhoods do - holding its ground while buyers and sellers figure each other out.

The average HonestDoor Price across St Matthews sits at $233,158, down a modest 0.75% from last period. That's not a crash - that's a market taking a breather. With 26 property transactions recorded in 2026, there's real activity here. People are buying and selling. The neighbourhood is moving.

Houses - The Ground-Level Picture

For houses specifically, the numbers tell a pretty clear story. We're in a buyers' market, but not a desperate one. Sellers are getting deals done - just not at full ask.

• Average sale price: $229,250
• Current average listing price: $149,900
• Price per square foot: $201
• Homes are selling at 90.99% of list price - buyers are negotiating, and winning
• Average days on market: 24 days
• Predicted market value: $234,917 - up from the 3-month average of $233,370
• Rental yield: 6.08% - that's a strong return for investors
• Estimated monthly rent: $1,273

Here's something worth noting - our houses are selling faster than West Broadway, where homes sit for 27 days on average. We're at 24 days. That gap matters. It means when a well-priced house hits the market in St Matthews, buyers are paying attention.

On the neighbourhood leaderboard, St Matthews houses rank 86 out of 191 for growth in Winnipeg. That puts us solidly in the above-average half of the city. We're not leading the pack, but we're not trailing it either. For days on market, we rank 23 out of 71 - that's a moderately fast-selling neighbourhood. And for price, we rank 172 out of 187, meaning we're among the most affordable options in the city. For first-time buyers or investors watching their budget, that matters a lot.

Condos - A Different Animal

The condo side of St Matthews has its own story. The HonestDoor Price for condos averages $1,046,926, down 0.69% from last period. The predicted market value is $1,054,236, which is trending up from the 3-month moving average of $1,039,202 - so the direction is positive even if the pace is slow.

• Average condo sale price: $104,600
• Current average listing price: $104,900
• Price per square foot: $142
• Condos sold at 93.90% of list price - closer to ask than houses
• Average days on market: 23 days
• Estimated monthly rent: $3,792
• Rental yield: 3.21% - moderate, but consistent
• Airbnb potential: $188 per night

Condos here rank 86 out of 175 for growth - above average in Winnipeg. For days on market, the rank is 20 out of 52, meaning condos in St Matthews move reasonably fast compared to the rest of the city. And like houses, condos here are among the most affordable in Winnipeg, ranking 122 out of 125 on price. If you're an investor looking for an entry point into the Winnipeg condo market, St Matthews is worth a serious look.

Compared to nearby neighbourhoods, Colony condos average $1,142,030 and West Broadway sits at $1,814,274. St Matthews is the affordable option in this corner of the city - and that's not a weakness, that's a selling point.

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

Here's something most homeowners in St Matthews don't think about until it's too late. Your city tax assessment is a snapshot from the past. It's calculated on old data, updated on a slow government schedule, and it has nothing to do with what a buyer would actually pay for your home today.

The HonestDoor Price is different. It's updated in real time, using actual transaction data from your neighbourhood and comparable sales happening right now. When the predicted market value for a St Matthews house sits at $234,917 and is trending upward from a 3-month average of $233,370, that's live information - not a number someone calculated 18 months ago in a government office.

If you're making any financial decision tied to your home - refinancing, selling, buying out a partner, or just figuring out your net worth - your HonestDoor Price is the real-world check you need. Don't let a stale assessment be the number you're working from.

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

Let's be straight with each other. If you're thinking about listing this summer, St Matthews is not a market where you can overprice and wait. Buyers here are paying around 91 cents on the dollar for houses. They're doing their homework, and they're negotiating.

But here's the upside. Homes are moving in 24 days on average. That's faster than West Broadway. Demand is real. If you price your home correctly - close to that $234,917 predicted value - you have a genuine shot at a clean, reasonably quick sale before the summer winds down.

For landlords or investors sitting on the fence, a 6.08% rental yield on houses is hard to ignore. That's not a number you see everywhere in Winnipeg. St Matthews is quietly one of the better income-property neighbourhoods in the city, and the rental estimate of $1,273 per month backs that up.

Bottom line - St Matthews is affordable, active, and above average on the Winnipeg growth leaderboard. It's not the flashiest neighbourhood in the city, but the fundamentals are solid. If you own here, you're in a decent spot. If you're thinking about buying here, the price-per-square-foot of $201 for houses is a number worth remembering when you look at what Colony or West Broadway are asking.

Want to know exactly where your property sits right now? Check your HonestDoor Price before you make any move. It's the number that actually reflects today's market - not last year's.

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.