'Deeply troubling': Median price of house in Cork county now stands at €345k

The latest Residential Property Price Index released by the Central Statistics Office (CSO) has seen house prices rise across Ireland, and a Cork councillor has said that homeownership is “unattainable for many workers and families”.

The report, which shows figures for October of this year, reveals the median price in Cork county was €345,000, while in Cork city it was €310,000.

In Cork city, the median price in October increased by 10.6% compared to October 2023, while there was a 5.8% year-on-year increase in Cork county.

Broken down by Eircode area, the lowest median prices were in Mitchelstown (€180,000), Charleville (€200,000), Mallow, Dunmanway, and Bantry (€250,000), Youghal (€257,458), Cork city northside (€270,000), and Rylane (€294,500).

The most expensive were Kinsale (€465,000), Carrignavar (€424,972), Ballincollig (€395,000), Glanmire (€380,000), Watergrasshill (€377,000), Cork city southside (€371,500), and Carrigaline (€371,312).

There were median prices of €300,000 in both Cobh and Skibbereen, €315,000 in Macroom, €331,500 in Bandon, €345,000 in Midleton, €352,000 in Crookstown, €347,500 in Fermoy and €359,999 in Clonakilty.

Labour councillor for the South West ward Laura Harmon said: “The latest CSO figures are deeply troubling and confirm what families in Cork and across Ireland already know —housing is becoming increasingly unaffordable.

“Here in Cork, soaring house prices are making the dream of homeownership unattainable for many workers and families.

“The previous Government’s ‘Housing for All’ plan has failed to deliver meaningful results.

“Despite promises of tackling the housing crisis, the situation is worse than ever, with more people facing homelessness and evictions while property prices continue to climb.”