Residential Property Price Index November 2023

Volume down 5.8% compared with November 2022

In November, 4,618 dwelling purchases by households at market prices were filed with Revenue. This represents a 5.8% decrease compared with the 4,901 purchases in November 2022 and a 0.3% increase compared with the 4,604 purchases in October 2023. The total value of transactions filed in November was €1.8 billion.

Existing dwellings accounted for 3,683 (79.8%) of the dwelling purchases filed in November, a decrease of 9.6% compared with November 2022. The balance of 935 (20.2%) were new dwellings, an increase of 13.3% compared with November 2022. See Figure 3.1.

Buyer Type

In the year to November, 50,384 dwelling purchases by households at market prices were filed with Revenue. Of these, 17,381 (34.5%) were purchased by first time buyer owner-occupiers, while former owner-occupiers purchased 26,899 (53.4%). The balance of 6,104 (12.1%) were acquired by non-occupiers. See Figure 3.2.

Revenue data shows that there were 1,599 first-time buyer purchases in November 2023, a decrease of 2.1% on the 1,634 recorded in November 2022. These purchases were made up of 509 new dwellings and 1,090 existing dwellings.

Median Price by Administrative Region

Households paid a median price of €325,000 for a dwelling on the residential property market in the 12 months to November 2023.

The Dublin region had the highest median price (€440,000) in the year to November. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price (€622,000), while South Dublin and Fingal both had the lowest (€410,000).

The highest median prices outside of Dublin were in Wicklow (€430,000) and Kildare (€390,000), while the lowest price was €161,000 in Longford. See Figure 3.3.

Median Prices by Eircode Area

In the year to November, the Eircode area with the highest median price for household dwelling purchases was A94 'Blackrock' (€725,000). The five most expensive Eircode areas by median price were in Dublin. The second most expensive Eircode area was D06 'Dublin 6', where the median price was €675,000. The third most expensive Eircode areas were D04 'Dublin 4' and D14 'Dublin 14', which both had a median price of €650,000.

The Eircode area with the least expensive median price within Dublin was D10 'Dublin 10' where the median price was €275,000.

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 €457,000.

The least expensive Eircode area over the last 12 months was F45 'Castlerea', with a median price of €135,000. The second least expensive Eircode area was H23 'Clones' with a median price of €141,500. The third least expensive Eircode area was F35 'Ballyhaunis', which had a median price of €146,000. See Figure 3.4.

The House Prices by Eircode interactive tool can be accessed here House Prices by Eircode