'The market is still very tight' - Leitrim property prices rise by €9,275 in one year

Property prices in Leitrim have risen by €9,275 in the last year, according to the latest MyHome Property Price Report.

The report for Q4 2025, in association with Bank of Ireland, shows that the median asking price for a property in the county is now €199,250. That means prices have risen by €1,250 over the quarter.

Asking prices for a 3-bed semi-detached house in the county rose by €7,000 in the last year to €197,000 which means prices rose by €2,000 over the quarter.

Meanwhile, the asking price for a 4-bed semi-detached house in Leitrim fell by €4,525 in the last year to €239,950. This price has fallen €9,050 over the quarter.

There were 130 properties for sale in Leitrim at the end of Q4 2025 – an increase of 5% over the quarter.

The average time for a property to go sale agreed in the county after being placed up for sale now stands at just over two months.  

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The author of the report, Conall MacCoille, Chief Economist at Bank of Ireland, said: “This quarter’s MyHome report adds to the evidence that the pace of Irish house price inflation is starting to soften. Asking prices were flat in Q4 2025, up just 0.1% in the usually quiet winter months, with the annual rate of inflation slowing to 5.4%.

“The market is still very tight. In December there were just 12,200 properties listed for sale on MyHome. The median time-to-sale-agreed remains low at 5–6 weeks.”

Mr MacCoille added: “However, the froth in the market is subsiding a little. The median premium over asking has fallen back from a peak of 8.6% in July, to 7.4% in October and November.

“The mortgage data also pointed to more sedate mid-single digit gains heading into 2026. The overall impression from this quarter’s MyHome data is of the market pausing for breath after substantial price gains in 2024 and 2025.”

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Joanne Geary, Managing Director of MyHome, said: “It is encouraging to see continued momentum in residential construction, which is essential in improving choice for buyers over the medium term. Increased delivery in urban areas is critical to easing the pressures that persist in the market.

“While there are early signs of stabilisation, conditions remain tight, and buyers continue to compete for a limited pool of properties. Ensuring that supply grows steadily will be key to supporting a more balanced market in the coming years.”