Westwood, Winnipeg - October 2026 Real Estate Report
Westwood, Winnipeg: Your Neighbour Just Got a Price Update. Did You?
If you own a home in Westwood and the last number you checked was your city tax assessment, you are probably working with stale data. Here is what is actually happening on the ground right now.
The Vibe: Houses vs. Condos
Houses - The Real Story
Our average HonestDoor Price for a Westwood house sits at $463,447, up 0.83% from the previous period. The predicted market value for houses comes in at $459,652, which is nudging slightly below the 3-month moving average of $465,623. Translation: house values are taking a small breather right now.
But here is the interesting part. The 6 houses that actually sold this past month moved at an average sale price of $520,133 - that is up 9.7% from the month before. Listings are sitting at an average ask of $629,500, and buyers are landing deals at about 95.2% of list price. So yes, buyers are getting a small discount, but sellers are still moving product at strong numbers when priced right.
- Average HonestDoor Price: $463,447 (up 0.83%)
- Average sale price this month: $520,133 (up 9.7%)
- Average list price: $629,500
- Price per square foot: $404
- Sold-to-list ratio: 95.2%
- Average days on market: 31
- Properties sold this month: 6 (down 25% from last month)
- Total 2026 transactions in the neighbourhood: 67 - ranked 9th in all of Winnipeg
- Rental yield: 5.71% - that is a strong return for investors
- Estimated monthly rent: $2,341
On the neighbourhood leaderboard, Westwood houses rank 127 out of 191 for growth - that puts us in the below-average tier for price appreciation right now. Days on market rank is 31 out of 78, meaning homes here sell at a moderately fast pace compared to the rest of the city. For price level, we rank 73 out of 188 - above average in Winnipeg. We are not the cheapest street on the block.
How do we compare to the neighbours? Kirkfield next door is priced almost identically at $465,253. Glendale comes in cheaper at $384,480. And Southboine? That neighbourhood is in a different league at $728,801. Westwood sits comfortably in the middle of that range.
Condos - A Different Animal
The condo numbers in Westwood are worth a separate conversation. The average HonestDoor Price for a Westwood condo is $3,762,418, up 1.94% from the previous period. The predicted market value sits at $3,690,665, slightly below the 3-month moving average of $3,724,526 - so condo values are also dipping a touch in the short term, down 2.55% recently.
- Average HonestDoor Price (condos): $3,762,418 (up 1.94%)
- Predicted market value: $3,690,665
- Estimated monthly rent: $7,596
- Rental yield: 2.64%
- Airbnb rank in Winnipeg: 35th - a strong short-term rental position
On the leaderboard, Westwood condos rank 142 out of 175 for growth - that puts us among the bottom performers in the city for condo appreciation right now. If you own a Westwood condo, this is exactly the kind of signal worth paying attention to before your next move.
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. It gets updated on a fixed schedule, and by the time it lands in your mailbox, the market has already moved. The HonestDoor Price updates in real time using actual transaction data from the neighbourhood. That $463,447 average for houses? That reflects what buyers are paying right now, not what the city decided your home was worth 12 to 18 months ago.
With 67 property transactions already recorded in Westwood in 2026 - ranking us 9th in all of Winnipeg for transaction volume - there is plenty of real data fuelling that number. More transactions mean a more accurate price. Your assessment cannot compete with that.
Pull your HonestDoor Price today. If it is meaningfully higher than your assessment, you have information your neighbours might not have yet.
The So What - Thinking About Selling This Summer?
Here is the honest read for Westwood homeowners eyeing a summer sale.
The good news: buyers are active. Transaction volume ranks 9th in the city. Homes are selling in about 31 days on average. And the houses that sold this month cleared $520,133 on average - a real number, not a wishful ask.
The caution: growth ranks 127 out of 191 neighbourhoods. Values have dipped 1.85% recently. And with only 6 sales this month - down 25% - the pool of active buyers is tighter than it was. Buyers are also negotiating, landing at 95.2% of list price. Price your home too high and it sits. Price it right and it moves.
The play for sellers this summer is simple. Know your real number before you list. Check your HonestDoor Price, compare it to what Kirkfield and Southboine are doing, and price with intention. The buyers are out there - they are just being picky. Give them a reason to pick your house.
Westwood is not the hottest neighbourhood on the Winnipeg leaderboard right now, but it is far from cold. Solid transaction volume, above-average pricing for the city, and a rental yield of 5.71% for investors - there is real value here. You just have to know where you stand.
westwood | winnipeg | october 2026This 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.