Westwood, Winnipeg - July 2026 Real Estate Report

Westwood, Winnipeg: Your Neighbour Just Got a Better Price Than You Think

If you own a home in Westwood and you haven't checked your property value lately, you might be leaving real money on the table. The market here is moving faster than most people realize, and the numbers are worth a close look right now.

The Vibe: What's Actually Happening on Our Streets

Houses

We're seeing something interesting in Westwood houses. The average sale price hit $524,700 this month, up 10.3% from last month. That's not a typo. Homes are selling in an average of 10 days, and we're ranking 10th out of 67 Winnipeg neighbourhoods for speed. That means if a good house hits the market here, it's gone fast.

Buyers are paying 96.71% of list price on average, which means there's still a little room to negotiate - but not much. With listings averaging $464,900 and sales closing at $524,700, sellers are doing well. Price per square foot sits at $361, and Westwood is holding its own against nearby Southboine, where the average sold price is $579,700.

• Average sale price: $524,700 (up 10.3% from last month)
• Average days on market: 10 days
• Price per square foot: $361
• Properties sold this month: 15
• Sale-to-list price ratio: 96.71%
• Estimated rent: $2,340 per month
• Rental yield: 5.71%
• Growth rank: 66 out of 193 Winnipeg neighbourhoods - above average
• Speed rank: 10 out of 67 - very fast-selling
• Price rank: 80 out of 185 - above average

A 5.71% rental yield is genuinely strong. If you're an investor or thinking about holding your property as a rental, Westwood houses are producing real returns right now.

Condos

The condo picture in Westwood is a different story - and worth paying attention to. The average HonestDoor Price for condos sits at $3,695,546, which is down 2.87% from the previous period. However, the predicted market value is actually trending up at $3,804,750, which is above the 3-month moving average of $3,694,605. So while the recent dip is real, the forward-looking signal is pointing higher.

Westwood condos rank 35th in Winnipeg for Airbnb potential, and the rental estimate of $7,617 per month reflects a premium product. Nearby Southboine condos are priced slightly higher at an average HonestDoor Price of $4,494,563, which gives us a useful benchmark for where Westwood sits in the pecking order.

• Average HonestDoor Price: $3,695,546 (down 2.87%)
• Predicted market value: $3,804,750 (trending up vs. 3-month average)
• Estimated rent: $7,685 per month
• Rental yield: 2.62%
• Airbnb estimate: $378 per night
• Airbnb rank in Winnipeg: 35th
• Growth rank: 78 out of 190 - above average

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

Here's the thing about city assessments - they're snapshots from the past. By the time the city mails you that paper, the market has already moved. In a neighbourhood like Westwood, where house prices jumped 10.3% in a single month and homes are selling in 10 days, a stale government number can be thousands of dollars off from what your home is actually worth today.

The HonestDoor Price is updated in real time. It pulls from actual transaction data - like the 46 property transactions recorded in Westwood in 2026 - and reflects what buyers are genuinely paying right now, not what an assessor estimated a year or two ago. For houses, the HonestDoor Price is $468,897, up 2.02% from the previous period. That's your real-world check. It's the number a serious buyer is going to anchor to when they walk through your door.

If you're making any financial decision tied to your home - refinancing, selling, even just understanding your net worth - use the HonestDoor Price as your starting point, not the assessment notice sitting in your junk drawer.

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

Westwood is sitting in a strong spot heading into summer. Houses are moving in 10 days. Sale prices are beating list prices in absolute dollar terms. And we're ranked 8th in all of Winnipeg for total transaction volume - meaning buyers are actively choosing our neighbourhood.

If you're thinking about listing, a few things to keep in mind:

• Price it right from day one. Buyers are paying 96.71% of list, so an overpriced listing will sit while your neighbours sell.
• The gap between the average listing price ($464,900) and the average sale price ($524,700) suggests well-presented homes are attracting strong offers. Condition and presentation matter.
• Southboine next door is averaging higher prices. If your home backs onto that area or shares its character, you may have room to push your ask.
• Glendale is cheaper at an average HonestDoor Price of $394,536. Buyers priced out of Westwood are already looking there - which means your window to capture demand is now, before they settle elsewhere.

Bottom line: Westwood is not taking a breather right now. If you've been on the fence about selling, this summer looks like your moment. Check your HonestDoor Price first, price with confidence, and move fast - because the buyers already are.

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.