Average price of a house in Limerick city is now €311k and €297k in the county - new Daft report

HOUSE prices in the second quarter of 2025 were 13% higher than a year previously in Limerick city, according to the Daft.ie House Price Report Q2 2025.

The jump in price in the last 12 months is the second biggest of any city in the country. The average price of a home is now €311,000, 54% above the level seen at the start of the Covid-19 pandemic. 

In County Limerick, prices in the second quarter of 2025 were 15% higher than a year previously. The average price of a home is now €297,000, 57% above the level seen at the start of the Covid.

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Nationally, the typical listed price in the second quarter of the year was €357,851, 12.3% higher than a year previously and 40% higher than at the onset of the pandemic.

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

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 1 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.

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,” said Mr Lyons.

Average list price and year-on-year change – major cities, Q2 2025 

Dublin: €467,913, up 12.3%

Cork: €369,938, up 8.6%

Limerick: €311,086, up 12.8%

Galway: €426,348, up 12.5%

Waterford: €276,420, up 15.2%

Rest of the country: €309,954, up 12.5%