Mayo house prices rise to €289,000 as first-time buyers drive market

The average price of a second-hand three-bedroom semi-detached house in Mayo increased by 1.4 per cent over the past three months, reaching €289,000, according to the latest REA Average House Price Index.

The quarterly survey found that homes across the county are taking an average of six weeks to reach sale agreed status, reflecting continued demand in the local property market.

According to Robert McGreal of REA McGreal Burke, activity remains strongest at the lower end of the market.

“The market has stabilised at the upper end, with a limited number of buyers for higher value assets,” he said.

“There are plenty of mortgage-approved first-time buyers still eager to secure a property at the entry-level prices.”

The survey revealed that first-time buyers accounted for half of all residential purchases in Mayo during the second quarter of the year. Meanwhile, landlords exiting the market were responsible for twenty percent of property sales across the county.

Energy efficiency is also playing an increasingly significant role in determining property values. Estate agents reported that homes with an A-rated Building Energy Rating (BER) achieved prices approximately twenty per cent higher than comparable C-rated properties.

The REA Average House Price Index focuses on the actual selling price of Ireland’s typical stock home - the three-bedroom semi-detached house - providing an indicator of conditions in the second-hand housing market nationwide.

Nationally, the average selling price of a three-bed semi-detached home rose by 0.9 percent during the quarter to €367,988. It marks the first time in more than two years that the quarterly rate of increase has fallen below 1 percent.

On an annual basis, house prices nationwide are up 5.8 percent, a slower pace than the 8.7 percent growth recorded at the end of 2025.

In Dublin, average house prices rose by 0.8 percent during the quarter, half the rate recorded in the previous three months. However, the average price of a three-bedroom semi-detached house in the capital has surpassed €600,000 for the first time, reaching €600,120.

The figure represents an increase of almost €150,000 compared to June 2021, when the average price stood at €456,667 - a rise of thirty-one percent over five years.

Outside Dublin, prices in Ireland’s major cities also increased by 0.8 percent during the quarter to an average of €381,250, while annual growth reached 5.7 percent. Homes in these urban centres are now selling in an average of four weeks.

Galway city recorded a notable milestone, with average house prices exceeding €400,000 for the first time following a quarterly increase of 0.5 percent.

In Ireland’s large towns, prices rose by 1.1 per cent during the quarter to an average of €281,287, representing annual growth of 7.3 percent.

Donegal recorded the strongest quarterly increase nationwide, with average prices rising by 3.5 percent to €222,500. The county also posted an annual increase of 12.7 percent, up from €197,500 in June 2025.

Meanwhile, growth in commuter towns slowed considerably during the second quarter, with prices increasing by 0.5 percent to an average of €379,219.