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Capital and rural house prices both up

The national Residential Property Price Index (RPPI) increased by 7.3% in the 12 months to March 2024, with prices in Dublin rising by 7.2% and prices outside Dublin up by 7.4%.

Central Statistics Office (CSO) data for March shows that 3,314 dwelling purchases by households at market prices were filed with the Revenue Commissioners, down by 19.8% when compared with the 4,132 purchases in March 2023.

The median price of a dwelling purchased in the 12 months to March 2024 was €333,000.

The lowest median price for a dwelling in the 12 months to March 2024 was €168,000 in Leitrim, while the highest median price was €620,000 in Dún Laoghaire-Rathdown.

Statistician Niall Corkery said that house prices in Dublin rose by 7.7% while apartment prices rose by 5.3%. The highest house price growth in Dublin was in Dublin city at 9.2% while Dún Laoghaire-Rathdown saw a rise of 5.1%.

Outside Dublin, house prices were up by 7.2% and apartment prices rose by 10%.

The region outside of Dublin that saw the largest rise in house prices was the midwest (Clare, Limerick, and Tipperary) at 12.3%, while at the other end of the scale, the border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) saw a 2.9% rise.

Median price

Households paid a median or mid-point price of €333,000 for a residential property in the 12 months to March 2024.

The lowest median price paid for a dwelling was €168,000 in Leitrim, while the highest was €620,000 in Dún Laoghaire-Rathdown.

The most expensive Eircode area over the 12 months to March 2024 was A94 Blackrock with a median price of €720,000, while F45 Castlerea had the least expensive price of €135,000.