Property prices rise by 9.4% up to November 2024

Kenneth Fox

Property price increased by 9.4 per cent in the 12 months up to November 2024, according to figures from the Central Statistics Office (CSO).

That is down slightly from October 2024 when it was 9.7 per cent.

Prices in Dublin rose by 9.6 per cent and prices outside Dublin were up by 9.2 per cent.

In November 2024, 4,443 dwelling purchases by households at market prices were filed with the Revenue Commissioners, down by 3.8 per cent when compared with the 4,618 purchases in November 2023.

The median price of a dwelling purchased in the 12 months to November 2024 was €350,000.

The lowest median price for a dwelling in the 12 months to November 2024 was €180,000 in both Leitrim and Longford, while the highest median price was €654,999 in Dún Laoghaire-Rathdown.

Commenting on the release, Niall Corkery, statistician in the prices division, said: “Residential property prices rose by 9.4 per cent in the 12 months to November 2024, down from 9.7 per cent in the year to October 2024."

In the 12 months to November 2024, house prices in Dublin rose by 9.9 per cent while apartment prices increased by 8.3 per cent.

The highest house price growth in Dublin was in Dublin City at 11.7 per cent while Dún Laoghaire-Rathdown saw a rise of 6.9 per cent.

Outside Dublin, house prices were up by 9.5 per cent and apartment prices increased by 5.8 per cent.

The region outside of Dublin that saw the largest rise in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 13.8 per cent while at the other end of the scale, the Mid-East (Kildare, Louth, Meath, and Wicklow) saw a 6.5 per cent rise.

In November 2024, 4,443 dwelling purchases by households at market prices were filed with the Revenue Commissioners, a decrease of 3.8 per cent when compared with the 4,618 purchases in November 2023.

Households paid a median or mid-point price of €350,000 for a residential property in the 12 months to November 2024.

The lowest median price paid for a dwelling was €180,000 in both Leitrim and Longford, while the highest was €654,999 in Dún Laoghaire-Rathdown.

The most expensive Eircode area over the 12 months to November 2024 was D06 'Dublin 6' with a median price of €72