Talbot Grey, Winnipeg - July 2026 Real Estate Report

Talbot Grey Real Talk: Your Home Is Worth More Than the City Thinks

If you own a place in Talbot Grey and you haven't checked your HonestDoor Price lately, you're probably leaving money on the table. Here's what's actually going on in the neighbourhood right now.

The Vibe: Houses vs. Condos

For houses, we're seeing some real momentum. The average sale price hit $286,920 this month - that's up 6.4% from last month. Listings are sitting at $364,900 on average, and homes are selling at 97.04% of list price. Buyers are getting a slight discount, but sellers are still doing well. The catch? Only 5 homes sold this month, down 16.7%, and properties are sitting for an average of 42 days. The market isn't on fire, but it's moving.

• Average house sale price: $286,920 (up 6.4% from last month)
• Average list price: $364,900
• Price per square foot: $324
• Sale-to-list ratio: 97.04%
• Average days on market: 42
• Properties sold this month: 5
• Estimated monthly rent: $1,333
• Rental yield: 6.06%

For condos, the story is different. Only 1 condo sold this month at $149,000, and it sat on the market for 224 days. That's a long time. The sale-to-list ratio of 97.07% looks fine on paper, but when a property takes over seven months to sell, the market is telling us something. Condos here are slow-moving right now - that's just the reality.

• Average condo sale price: $149,000
• Average list price: $153,500
• Price per square foot: $154
• Sale-to-list ratio: 97.07%
• Average days on market: 224
• Properties sold this month: 1
• Estimated monthly rent: $5,890
• Rental yield: 2.52%

Compared to neighbours like Munroe East (average house price $352,556) and Tyne Tees ($326,553), Talbot Grey houses are still among the more affordable options in the area. That gap is actually a selling point - buyers priced out of those neighbourhoods are looking our way.

The Secret Sauce: Your HonestDoor Price vs. That Government Assessment

Here's the thing about your city tax assessment - it's a snapshot from the past. It doesn't know what happened on your street last month. The HonestDoor Price is updated in real time, pulling from actual recent sales and current market signals. That's the number that matters when you're deciding whether to sell, refinance, or just figure out where you actually stand.

Right now, the average HonestDoor Price for houses in Talbot Grey is $251,560 - up 2.04% from the previous period. The predicted market value for houses sits at $246,534, which is slightly below the 3-month moving average of $250,133. That tells us values have taken a small breather recently, but the overall trend is still positive. For condos, the HonestDoor Price is $1,748,781, up 1.48%, with a predicted value of $1,723,213 that is actually climbing above its 3-month average of $1,704,343.

The bottom line: if your city assessment is more than a year old, it almost certainly doesn't reflect what your home is worth today. The HonestDoor Price is your real-world check against a number that was never meant to track the market in real time.

The Neighbourhood Leaderboard

Where does Talbot Grey rank among Winnipeg neighbourhoods? For houses, we sit at 90 out of 193 for growth rate - that puts us in the above-average half of the city. Not leading the pack, but solidly in the mix. On affordability, we rank 162 out of 185, meaning we're one of the more affordable options in Winnipeg. For condos, the growth rank is 39 out of 190 - that's genuinely strong. Days on market for condos, though, ranks 52 out of 55, which confirms what the numbers already told us: condo buyers here are taking their time.

The So What: Should You Sell This Summer?

If you own a house in Talbot Grey and you've been thinking about selling, this summer is worth a serious look. Prices are up month-over-month, buyers are active, and the neighbourhood's affordability relative to Munroe East and Tyne Tees means you have a real pitch to make to buyers who want to stay on the east side of the city without stretching their budget.

The 42-day average on market means you shouldn't expect a bidding war overnight - price it right from day one and you'll be fine. Overpricing and chasing the market down is the move that costs sellers real money.

If you own a condo here, patience is the word. One sale in a month and 224 days on market means the pool of buyers is small. That doesn't mean you can't sell - it means your pricing and presentation have to be sharp. Check your HonestDoor Price, understand what the actual market is doing, and talk to someone who knows this specific pocket of Winnipeg before you list.

Either way, the first step is knowing your real number. Not last year's assessment - today's HonestDoor Price.

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.