New report reveals house prices in Offaly have risen substantially over the past year

Property prices in Offaly have risen by €11,000 in the last year according to new data which was revealed as part of the latest MyHome Property Price Report.

The report for Q4 2025, outlined that the median asking price for a property in the county is now €250,000 which means that prices have also risen by €1,000 over the quarter.

The information from the latest quarter has also revealed that asking prices for houses continues to rise dramatically whilst there has been a steady decrease in the number of properties available on the market throughout the county. 

The asking prices for a 3-bed semi-detached house in the county rose by €15,000 in the last year to €245,000 which indicated that prices are up by €5,000 over the quarter.

Meanwhile, the asking price for a 4-bed semi-detached house in Offaly rose by €5,000 in the last year to €285,000 which also leads to a €5,000 rise in price over the quarter.

The findings of the report for the end of Q4 2025 declared that there were 152 properties for sale in Offaly throughout this period which exhibited a decrease of 6% over the quarter.

The average time for a property's sale to be agreed in the Faithful County after being placed on the market now stands at nearly three months.

The new figures reflect a difficult period for the housing market in Offaly in recent times but there are more encouraging signs amongst the data on a national scale. 

READ MORE: Jobs boost for Offaly as leading company announces new roles

The author of the report, Conall MacCoille who is the 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%."

He pointed out that "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 Chief Economist also revealed that "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".

Speaking on the new figures outlined in the report, Joanne Geary, Managing Director of MyHome stated: "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."

She concluded: "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."