In January, 3,675 dwelling purchases by households at market prices were filed with Revenue. This represents a 4.4% increase compared with the 3,519 purchases in January 2022 and a 29.5% decrease compared with the 5,213 purchases in December 2022. The total value of transactions filed in January was €1.3 billion.
Existing dwellings accounted for 2,992 (81.4%) of the dwelling purchases filed in January, an increase of 3.1% compared with January 2022. The balance of 683 (18.6%) were new dwellings, an increase of 10.5% compared with January 2022. See Figure 3.1.
In the year to January, 50,181 dwelling purchases by households at market prices were filed with Revenue. Of these, 16,674 (33.2%) were purchased by first time buyer owner-occupiers, while former owner-occupiers purchased 26,975 (53.8%). The balance of 6,532 (13.0%) were acquired by non-occupiers. See Figure 3.2.
Revenue data shows that there were 1,243 first-time buyer purchases in January 2023, an increase of 5.2% on the 1,181 recorded in January 2022. These purchases were made up of 394 new dwellings and 849 existing dwellings.
Households paid a median price of €305,000 for a dwelling on the residential property market in the 12 months to January 2023.
The Dublin region had the highest median price (€430,000) in the year to January. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price (€630,000), while South Dublin and Fingal had the lowest (€400,000).
The highest median prices outside of Dublin were in Wicklow (€421,500) and Kildare (€370,000), while the lowest price was €151,500 in Longford. See Figure 3.3.
In the year to January, the Eircode areas with the highest median price for household dwelling purchases was A94 'Blackrock’ (€755,000). The five most expensive Eircode areas by median price were in Dublin. The second most expensive Eircode area was A41 ‘Ballyboughal’ where the median price was €750,000. The third most expensive area was D06 ‘Dublin 6’ which had a median price of €670,000.
The Eircode area with the least expensive median price within Dublin was D10 ‘Dublin 10’, where the median price was €285,000.
Outside of Dublin the most expensive Eircode area over the last twelve months was A63 'Greystones', with a median price of €534,999. The second most expensive Eircode area was A98 'Bray', where the median price was €475,000. The third most expensive was P17 ‘Kinsale’ with a median price of €435,000.
The least expensive Eircode area over the last 12 months was F35 'Ballyhaunis' with a median price of €127,500. The second least expensive area was F45 'Castlerea', where the median price was €130,000. The third least expensive Eircode area was H23 'Clones', which had a median price of €136,500. See Figure 3.4.
The House Prices by Eircode interactive tool can be accessed here House Prices by Eircode
Neither median nor mean prices are appropriate for measuring the evolution of property prices as the mix of dwellings sold in different periods can change over time. The Residential Property Price Index is the definitive measure of property price trends.