The price of the average second-hand three-bed semi in Galway city has risen this quarter by 0.5pc, reaching €400,000 for the first time, according to the latest REA national survey.
In Galway county, prices over the past three months have increased by 0.5pc to an average of €314,000, the Q2 REA Average House Price Index shows.
The average time taken to reach sale agreed in Galway this quarter was four weeks.
“We have seen a slight increase in supply this quarter, and prices have remained steady despite initial concerns over energy costs and the war in the Middle East,” said Kevin Burke of REA McGreal Burke.
“The market remains very busy overall, with lots of active buyers.”
The survey shows that this quarter, 60pc of purchasers in the city and 70pc across the county were first-time buyers, while a total of 20pc of sales in the county, and 15pc in Galway city, were attributed to landlords leaving the market.
Additionally, agents in Galway reported that the BER ratings of properties saw A-rated properties command 10pc price increases in comparison to comparable C-rated properties.
The REA Average House Price Index concentrates on the actual sale price of Ireland's typical stock home, the three-bed semi, giving an accurate picture of the second-hand property market in towns and cities countrywide.
In what is becoming the great house condition divide, homes that require upgrade works are sitting on the market while bidders concentrate on ready-to-enter properties, according to REA agents.
The actual selling price of a three-bed, semi-detached house across the country rose by 0.9pc in the past three months to €367,988 – the first time the quarterly rate of increase has been under 1pc in over two years.
This represents a 5.8pc annual rise – slowing gradually from the 8.7pc increase registered at the end of 2025.
The Q2 Index shows that while the rate of increase in sales prices has halved in the capital over the past three months, from 1.6pc to 0.8pc, average Dublin house prices have broken the €600,000 barrier for the first time.
The average cost of a three-bed semi in Dublin’s postcode zones is now €600,120, representing an increase of almost €150,000 on the June 2021 average price of €456,667 – a 31pc rise in just five years.
Selling prices in Ireland’s major cities outside Dublin rose by the same percentage as the capital, 0.8pc, to an average of €381,250 – also a 5.7pc 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 0.5pc over the past three months.
Homes in the country’s large towns rose by 1.1pc this quarter – down from 2pc in the first three months of the year, and 7.3pc 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 pc to €222,500 on average. This figure is a 12.7pc increase on the June 2025 value of €197,500.
The rate of price increases in Ireland’s commuter towns halved in Q2 to 0.5pc with the average three-bed selling for €379,219.
