Q3 2022: National home sale prices up 9.5% from Q3 2021 to Q3 2022

Dublin house prices currently 44.5% higher than the national median

Download the full VALUEMYHOME HOUSING MARKET REPORT HERE

HomeDublin, Ireland Nov 11th, 2022 sales prices have risen 9.5%, compared to the same period last year, the latest Valuemyhome Housing Market Report reveals. This is down from a 14% rise from last quarter year on year. The report includes all entries in the Irish residential property price register. 

The median price for a home in Ireland is €301K, +€26K vs the same period in 2021. The last 6 weeks of Q3 saw a consistent downward trend.

A total of 15,676 units were sold in the 3rd quarter of the year + 2.7% vs the same period in 2021. Co. Dublin had the highest number of sales in Q3'22 at 4,878 units (31.1% of the national total), followed by Co. Cork at 1,566 (10% of the total). Co. Kildare is the third county by sales in Q3'22 at 941. Co. Leitrim registered the lowest number in Q3'22, with only 101 sales.

Co. Monaghan saw the steepest increase in prices year-on-year according to their 2022 Q3 figures. In a quarter-on-quarter comparison, almost all counties experienced price increases except for Co. Kilkenny, Co. Clare, Co. Louth, Co. Offaly, Co. Roscommon and Co. Wicklow. 

According to 2022 Q2 figures, Co. Dublin and Co. Wicklow remain Ireland’s most expensive counties by far, (median price of €435K and 399k respectively). Kildare and Meath command the next highest prices at €365K and €323K, respectively. Co. Roscommon is the least expensive county at €140K. Co. Dublin and its commuting counties (Wicklow, Kildare, Meath) are the only counties with prices higher than the national median.

Co. Sligo underwent the highest price growth quarter over quarter (+26.1%), while Co. Kilkenny registered the sharpest price decline compared with the previous quarter in Q2'22 (-5.1%). 

The third quarter of 2022 saw numerous new homes delivered in Dublin (858), though only accounting for 17.6% of the total houses sold there. By contrast, Co. Kildare sold the highest percentage of new homes (37.7%). Co. Leitrim recorded the lowest number of new homes transactions in Ireland (101) and recorded the lowest median price for a new home, just €209K. 

Co. Roscommon registered the highest price ratio between new and existing homes (1.8). 

Summarising the latest market trends, Geowox’s Head of valuations, Gareth McKeown, observed “Rising interest rates and inflation in the economy is having some impact in the rate of property price inflation. We do not however, foresee prices falling as we move towards years end.”

  • A total of 15,676 homes were sold in the 3rd quarter of the year, +2.7% vs the same period in 2021
  • The median price for a home in Ireland is €301K, +€26K vs the same period in 2021.
  • Q3 2022 sales prices are up 9.5% vs the same period in 2021.
  • 1.41 is the average price ratio between new homes sales prices and existing housing prices in Ireland

Download the full VALUEMYHOME HOUSING MARKET REPORT HERE

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