Westwood, Winnipeg - August 2026 Real Estate Report

Westwood, Winnipeg: Your Neighbour Just Asked What Their House Is Worth - Here Is The Answer

The Vibe Right Now

If you have been watching the "For Sale" signs on your street, here is what is actually happening in Westwood. The market is taking a breather on the house side, but the neighbourhood is still punching above its weight in Winnipeg overall. Let us break it down.

Houses - The Real Picture

The average HonestDoor Price for a house in Westwood sits at $468,320. That is your real-world number - not what the city assessed two years ago. The predicted market value is coming in at $468,897, and that figure is actually climbing against the 3-month moving average of $462,259. So while the month-to-month sale price dipped, the underlying trend is pointing upward.

• Average HonestDoor Price: $468,320
• Average sale price this month: $474,900 (down 9.5% from last month)
• Average listing price: $464,900
• Price per square foot: $403
• Homes sold for 96.71% of list price on average - buyers are getting small discounts
• 7 homes sold this month
• Average days on market: 10 days
• Estimated monthly rent: $2,381
• Rental yield: 5.70% - that is a strong return
• Recent value change: up 2.02%

Ten days on market is fast. Westwood ranks 10th out of 71 Winnipeg neighbourhoods for speed of sale. That means serious buyers are moving quickly here. On the neighbourhood leaderboard, Westwood houses rank 78th out of 193 for growth - solidly above average - and 76th out of 185 for price. We are not at the top of the city, but we are well clear of the middle of the pack.

The sale-to-list ratio of 96.71% tells us buyers have a little room to negotiate, but not a lot. This is not a fire-sale market. It is a measured one.

Condos - A Different Story

The condo numbers in Westwood need some honest context. The average HonestDoor Price is $3,787,366, up 2.48% from the previous period. However, the predicted market value of $3,695,546 is sitting below the 3-month moving average of $3,768,389 - meaning short-term momentum has softened.

• Average HonestDoor Price: $3,787,366 (up 2.48%)
• Predicted market value: $3,695,546
• 3-month moving average: $3,768,389
• Estimated monthly rent: $7,617
• Rental yield: 2.63% - moderate
• Recent value change: down 2.87%
• Airbnb estimate: $381 per night
• Growth rank: 161st out of 175 Winnipeg neighbourhoods

That growth rank of 161 out of 175 puts Westwood condos near the bottom of the Winnipeg leaderboard right now. If you own a condo here, that is worth paying attention to. The rental yield of 2.63% is moderate - it covers costs but does not generate the same returns as the house side of the market.

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

Here is the thing about your city assessment: it is a snapshot from the past. Winnipeg assessments are updated on a cycle, which means the number on your tax notice could be 12 to 24 months out of date by the time you read it. A lot can change in a year.

The HonestDoor Price updates in real time. It pulls from actual transaction data, current listing activity, and neighbourhood trends - not a government formula that was locked in before your neighbour sold their place last spring. For Westwood houses, the HonestDoor Price of $468,320 reflects what the market is doing right now, not what it was doing when someone last knocked on your door with a clipboard.

If you are making any financial decision - refinancing, selling, buying out a co-owner, or just curious - the HonestDoor Price is the number to start with. It is your real-world check against a static assessment.

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

If you own a house in Westwood and are thinking about listing this summer, the conditions are actually reasonable. Homes are moving in 10 days on average. That is not a slow market. Buyers are paying close to list price, and the underlying value trend is nudging upward.

The month-over-month sale price drop of 9.5% sounds alarming, but with only 7 sales this month, one or two lower-priced properties can swing that number significantly. Do not let that single stat spook you.

Compare us to the neighbours - Kirkfield is priced similarly at $469,734, while Southboine is running much higher at $738,069. Westwood sits in a competitive sweet spot. We are not the cheapest option (that is Glendale at $389,704), but we are far more accessible than Southboine while offering comparable rental income potential.

For condo owners, the honest advice is to watch the next 60 to 90 days. The short-term value trend is down 2.87% and the growth rank is near the bottom of the city leaderboard. That does not mean panic - but it does mean now is a good time to get your HonestDoor Price and have a real conversation about your options before the fall market arrives.

Bottom line: Westwood houses are in decent shape heading into summer. Condos need a closer look. Either way, check your HonestDoor Price first - it is the most current number you have got.

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.