A new report from REA has found the average prices of a three-bed semi around the country.
The estate agent group's Q2 Average House Price Index shows that bidders are concentrating on ready-to-enter properties while homes that require upgrades are sitting on the market.
The rate of increase in sales prices has halved in Dublin from 1.6% to 0.8% over the past three months, but average prices in the capital have broken €600,000 for the first time.
The average cost of a three-bed semi in Dublin now stands at €600,120, representing an increase of almost €150,000 or 31% from the €456,667 average five years ago in June 2021.
The study focuses on the actual sale price of Ireland's typical stock home, the three-bed semi, to give an accurate picture of the second-hand property market in towns and cities nationwide.
The actual selling price of a three-bed semi nationally rose 0.9% in the past three months to €367,988. the first time the quarterly rate of growth has fallen under 1% in the past two years.
The annual rate of increase has slowed from 8.7% at the end of 2025 to 5.8%.
“Ready-to-go properties are selling almost immediately, but agents have experienced a slowdown in interest for homes that need upgrading,” said Seamus Carthy of REA.
“The property that needs work is lagging behind because of the difficulties in securing tradespeople and a lack of confidence in proposed budgets due to rising costs.
“Purchasers who are willing to wait for a year to get their home into shape are availing of a range of grants from €50,000-€70,000, depending on the condition of the property. This is in addition to the normal energy grants that are available.”
Selling prices in Ireland’s major cities outside Dublin rose by the same percentage as the capital (0.8%) to an average of €381,250, which also represents a 5.7% annual increase, with homes selling in four weeks on average.
Average Galway city house prices reached the €400,000 level for the first time, after an increase of 0.5% over the past three months.
Homes in the country’s large towns rose by 1.1% this quarter, down from 2% in the first three months of the year and 7.3% annually, to an average of €281,287.
The biggest quarterly rise was in Ireland’s most affordable county, Donegal, where prices increased by 3.5 % to €222,500 on average, a 12.7% increase on the June 2025 value of €197,500.
The rate of price increases in Ireland’s commuter towns halved in Q2 to 0.5% with the average three-bed selling for €379,219.
