Galway House Price Survey March 2025

The price of the average second-hand three-bed semi in County Galway has increased to €280,000, up 3.7pc from €270,000 in the last three months, according to a national survey by Real Estate Alliance.

Prices in the city rose by 2.7pc this quarter to €380,000, the Q1 REA Average House Price Index shows.

“We are seeing a continued strong demand in the first quarter with prices increasing,” said Kevin Burke of REA McGreal Burke.

“With interest rates on a downward trend, this is driving strong market activity and buyer confidence.”

Time to sell across the county fell by one week this quarter to an average of five, and in the city it was a steady average at four weeks.

The survey shows that 60pc of purchasers in the city and 70pc of those across the county were first-time buyers, with a total of 10pc of sales in the city and 20pc across the county this quarter were attributed to landlords leaving the market.

Additionally, agents across the county reported that the BER ratings of properties saw A-rated properties command 10pc price increases in comparison to comparable C-rated properties.

The REA Average House Price Index concentrates on the sale price of Ireland's typical stock home, the three-bed semi, giving an accurate picture of the second-hand property market in towns and cities countrywide.

The actual selling price of a three-bed, semi-detached house across the country rose by 2.5pc in the past three months to €338,847, and 10pc overall annually.

Three-bed semis in Dublin’s suburbs are reaching sale agreed in days as a wave of mortgage approved buyers turn their focus from apartments to family homes, the survey has found.

Actual selling prices in Dublin city rose by 3pc in the last three months, and the average three-bed semi in the capital is now selling at €558,250 – a rise of almost €50,000 in the past year.

Prices in the major cities outside the capital rose by an average of 3pc to €355,250 in the last three months – an annual rate of increase of 8pc.

Homes in the country’s large towns continue to show the biggest annual growth nationwide, 2.9pc this quarter and 13pc on last March to an average of €256,576.

The absence of new home building, and historically low supply has seen three bed semi-detached homes in parts of Donegal, Kerry, Mayo, Offaly and Roscommon increase by over 23pc in the past year.

Homes in commuter counties rose by 1.9pc over the past three months to an average of €350,278, an annual rise of 9pc.