Waverley Heights, Winnipeg - July 2026 Real Estate Report

Waverley Heights Real Talk: Prices Are Shifting - Here Is What Your Home Is Actually Worth Right Now

The Vibe in Waverley Heights

If you have been watching the "For Sale" signs on your street, here is what is actually happening. Waverley Heights is a market in two minds right now. Houses are taking a breather while condos are holding surprisingly steady. Let us break it down.

Houses - Taking a Breather

The average sale price for a house here sits at $483,031 - but that number dropped 4.4% from last month. Listings are coming in around $397,300, and homes are selling at about 97.3% of list price. Translation: buyers are negotiating, and they know it. The average days on market is 21 days, which is slower than nearby Montcalm at 13 days. That gap matters. It tells us sellers need to price sharp right now, not optimistically.

• Average sale price: $483,031 (down 4.4% from last month)
• Average list price: $397,300
• Price per square foot: $391
• Sale-to-list ratio: 97.3% - buyers are paying below ask
• Average days on market: 21 days
• Properties sold in 2026: 33 transactions
• HonestDoor Price average: $450,114 (up 1.54%)
• Predicted market value: $443,302
• Rental estimate: $2,307 per month
• Rental yield: 5.74% - that is a strong return

Here is the bright spot though. On the neighbourhood leaderboard, Waverley Heights houses rank 35 out of 193 Winnipeg neighbourhoods for growth rate. That puts us in the top 18% of the city. Prices may be dipping month-to-month, but the longer trend still has us ahead of most of the pack.

Condos - Quiet but Holding

The condo side of Waverley Heights is a much calmer story. Only one condo sold recently, so we are working with thin data - but what we have is stable. The average sale price is $220,900, essentially flat. Condos are sitting on the market for about 22 days, slightly slower than Montcalm, but not alarming given how few units trade here.

• Average sale price: $220,900 (essentially unchanged)
• Average list price: $219,900
• Price per square foot: $253
• Sale-to-list ratio: 95.04% - buyers have a little room to negotiate
• Average days on market: 22 days
• HonestDoor Price average: $188,322 (down 0.18% - basically flat)
• Predicted market value: $188,659
• Rental estimate: $1,034 per month
• Rental yield: 4.34% - moderate but decent

Condo growth ranks 25 out of 190 Winnipeg neighbourhoods. That is top 14% in the city. For a quiet little corner of the condo market, that is a number worth paying attention to.

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

Here is the thing about your city assessment: it is a snapshot from the past. It does not know what sold on your block last month. It does not adjust when the market takes a 4.4% dip or when buyer behaviour shifts. It is basically a photo of your house from a year or two ago.

The HonestDoor Price is the real-world check. It is updated continuously using actual transaction data, so when the market moves - up or down - your HonestDoor Price moves with it. Right now, the predicted market value for houses in Waverley Heights is $443,302, while the 3-month moving average sits at $450,152. That slight downward drift is exactly the kind of signal a static government assessment would completely miss.

If you are a homeowner here, checking your HonestDoor Price today gives you a current, honest number - not a number that was accurate when your neighbour sold two years ago.

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

Straight talk: if you are planning to sell a house in Waverley Heights this summer, the window is still open - but it is not as wide as it was. Here is what the numbers are telling us.

Buyers are paying below list price right now. Homes are sitting for three weeks on average. That means your pricing strategy on day one matters more than ever. Come in too high and you will chase the market down. Come in sharp and you can still move quickly - 30% more homes sold here last month compared to the month before, so demand is not dead, it is just pickier.

Compare that to Bridgwater Forest at $771,303 average or Fairfield Park at $663,410, and Waverley Heights still looks like relative value for buyers coming from those neighbourhoods. That is your selling angle. You are offering more house for less money, in a neighbourhood that ranks in the top 20% citywide for growth.

For condo owners, the market is thin but stable. One sale does not make a trend, but holding flat in a cooling environment is actually a decent result. If you are thinking about renting instead of selling, a 4.34% yield is a reasonable return while you wait for the market to find its footing.

Bottom line: Waverley Heights is not in trouble. It is just being honest about where the market is right now. And honestly - that is a better place to make decisions from than a number on a tax notice that has not been updated since the world looked different.

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.