Real Estate Figures - Ireland, 2024

Numbers
behind the
market

A factual look at Irish property data that shapes what buyers, renters, and investors actually face week to week.

Property market overview - Irish residential buildings

Key market figures at a glance

€320k

Median asking price for a 3-bed semi-detached home in Cork city, Q3 2024.

14wk

Average time from listing to sale agreed across the Munster region in 2024.

6,800

New residential units completed nationally in the first half of 2024.

€1,850

Median monthly rent for a 2-bed apartment in Cork city, mid-2024.

Demand by property type

Demand is not evenly spread. Terraced and semi-detached homes account for the largest share of searches on Irish property portals.

Apartments and new-build schemes attract a growing share of first-time buyers using the Help-to-Buy scheme, which saw 9,200 approved applications in 2023.

Semi-detached homes 68%
Terraced houses 54%
Apartments 38%
Detached houses 29%
New-build schemes 21%
Irish residential street - property investment context

What the data tells buyers

These figures are drawn from CSO housing reports, DAFT.ie market data, and Banking & Payments Federation Ireland mortgage statistics for 2024.

€312,000 - average first-time buyer mortgage drawn down in Ireland, H1 2024.

Mortgage approval rates sit at 82% for applicants with a full 12-month savings record.

Rental vacancy in Cork city remains below 1.4%, putting sustained upward pressure on rents.

Properties listed under €280,000 in Cork receive an average of 7 viewings within the first week.

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