Price of three-bed rose by over 7%

The average price of a three-bedroom semi-detached house in Cork city in the final quarter of 2025 was €409,000, up 7.4% compared to the same period in 2024. Outside the city, the average price for a four-bedroom detached house was €492,000, up 5.6% over the same period.

The figures were compiled by property website Daft.ie as part of their House Price Report for Q4 2025.

The rise is in line with a national rise in list prices – the amount properties are first listed for sale - of 5.5%. Nationally, the average price of a three-bed semi-detached house was just over €423,000 in the final quarter of 2025.

Listed prices are now, on average, 41% above their pre-Covid levels, and 10% below their Celtic Tiger peak.

Rising alongside list prices are the amount that properties are actually selling for. An analysis of the Property Price Register – which was matched to the Daft.ie database - conducted for the report found that transaction prices rose 7.4% during 2025. Ronan Lyons, Professor in Economics at Trinity College Dublin, said the market remains very tight and ultimately the problem comes down to one of supply, which he warns will take decades to rectify.

“A fall-off in supply of about 10% is one thing. But trends in availability on the market – which reflects both supply and demand – are worse. There were only 11,500 second-hand homes available to buy on 1 December. While that’s up 7% year-on-year, it is less than half the pre-Covid average of over 26,000.

“The volume of second-hand homes put up for sale over the course of the year was just over 53,000, down compared to a peak of 63,000 in early 2023. It’s also down about 10% compared to the pre-Covid level.

“Much commentary focuses on the supply of newly-built homes. And this is, of course, important. The country requires over 60,000 homes a year every year for decades to address the housing deficit built up over the last generation and to meet new housing requirements. But the second-hand market is still the dominant source of supply for homes to purchase,” he said.

Supply and prices are also being offset by Dublin he warned, which he said has a “rosier” picture than elsewhere. Prices are up 28% in the capital since the beginning of 2020, but up 67% in Connacht-Ulster for the same period.