In May, 3,997 dwelling purchases by households at market prices were filed with Revenue. This represents a 9.9% decrease compared with the 4,435 purchases in May 2023 and an 11.9% increase compared with the 3,572 purchases in April 2024. The total value of transactions filed in May was €1.5 billion.
Existing dwellings accounted for 3,231 (80.8%) of the dwelling purchases filed in May, a decrease of 10.6% compared with May 2023. The balance of 766 (19.2%) were new dwellings, a decrease of 6.5% compared with May 2023. See Figure 2.1.
In the year to May, 49,210 dwelling purchases by households at market prices were filed with Revenue. Of these, 17,306 (35.2%) were purchased by first time buyer owner-occupiers, while former owner-occupiers purchased 26,037 (52.9%). The balance of 5,867 (11.9%) were acquired by non-occupiers. See Figure 2.2.
Revenue data shows that there were 1,407 first-time buyer purchases in May 2024, a decrease of 10.2% on the 1,567 recorded in May 2023. These purchases were made up of 444 new dwellings and 963 existing dwellings.
| Buyer Type | |
| 35.2%First-Time Buyer | 17306 |
| 52.9%Former Owner-Occupier | 26037 |
| 11.9%Non-Occupier | 5867 |
Households paid a median price of €335,000 for a dwelling on the residential property market in the 12 months to May 2024.
The Dublin region had the highest median price (€450,000) in the year to May. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price (€626,000), while Fingal had the lowest (€410,000).
The highest median prices outside of Dublin were in Wicklow (€445,000) and Kildare (€395,989), while the lowest median price was €169,500 in Longford. See Figure 2.3.
In the year to May, the Eircode area with the highest median price for household dwelling purchases was D06 'Dublin 6' (€740,000). The five most expensive Eircode areas by median price were in Dublin. The second most expensive Eircode area was A94 'Blackrock', where the median price was €718,500. The third most expensive Eircode area was D04 'Dublin 4' which had a median price of €643,250.
The Eircode areas with the least expensive median price within Dublin were D10 'Dublin 10' and K32 'Balbriggan', 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 €539,999. The second most expensive Eircode area was A98 'Bray' with a median price of €475,000.
The least expensive Eircode area over the last 12 months was F45 'Castlerea', with a median price of €137,500. The second least expensive Eircode area was H23 'Clones', with a median price of €143,000. The third least expensive Eircode area was F35 'Ballyhaunis', which had a median price of €149,000. See Figure 2.4.
The Property Prices by Eircode Area interactive app can be accessed here.
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.
Explore the average property price, breakdown of buyers and trend of sales over time
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