Average price of a home in Offaly now 62pc above level at start of Covid-19 pandemic

AVERAGE house prices in Offaly are up 18 per cent on this time last year, the latest daft.ie housing report has revealed.

The average price of a home in the county now stands at €293,000, 62pc above the level seen at the start of the Covid-1919 pandemic

Housing prices nationally rose by an average of 3pc during the second quarter of 2025.

The typical listed price nationwide in the second quarter of the year was €357,851, 12.3% higher than a year previously and 40pc higher than at the onset of the Covid-19 pandemic.

The current rate of inflation in the market is the highest seen in the ten years since mortgage market rules were introduced.

The surge in inflation is relatively broadly based, with the Dublin figure (12.3pc) in line with the average for the rest of the country.

In the rest of Leinster, the annual increase in prices is 14.3pc.

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Inflation is also close to the national average in both Limerick city (12.8pc) and Galway city (12.5pc).

In Waterford city, the rate is higher again (15.2pc) while in Cork city (8.6pc) the increase in prices is slower.

The strong increases in housing prices are related, once again, to very tight supply. The number of second-hand homes available to buy nationwide on June 1st stood at close to 12,100. This is largely unchanged from the figure a year ago and less than half the pre-Covid average of almost 25,000

Nationally, housing prices rose by an average of 3pc during the second quarter of 2025, according to the latest Daft.ie House Price Report released this week by Ireland’s largest property website, Daft.ie. The typical listed price nationwide in the second quarter of the year was €357,851, 12.3pc higher than a year previously and 40pc higher than at the onset of the covid19 pandemic.

The current rate of inflation in the market is the highest seen in the ten years since mortgage market rules were introduced. The surge in inflation is relatively broadly based, with the Dublin figure (12.3pc) in line with the average for the rest of the country. In the rest of Leinster, the annual increase in prices is 14.3pc.

Inflation is also close to the national average in Galway city (12.5pc) and Limerick city (12.8pc). In Waterford city, the rate is higher again (15.2pc) while in Cork city (8.6pc) the increase in prices is slower.

The strong increases in housing prices are related, once again, to very tight supply. The number of second-hand homes available to buy nationwide on June 1st stood at close to 12,100. This is largely unchanged from the figure a year ago and less than half the pre-covid average of almost 25,000.

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Commenting on the report, its author Ronan Lyons, economist at Trinity College Dublin, said:

“The fastest increase in housing prices since mortgage market rules were introduced a decade ago highlights the importance of addressing Ireland’s chronic and worsening housing shortage. The substantial increases over the past year in almost all parts of the country are linked to the lack of second-hand supply. This in turn is related to the increase in interest rates earlier in the decade.

As interest rates come down and mortgage-holders come off their fixed rate terms, the picture for second-hand supply will improve. There are already some tentative signs in Dublin of an increase in second-hand supply. Nonetheless, the second-hand market is only part of the solution. Ultimately, policymakers have to address their failure to recognise and provide the framework for enough new homes each year.”