In January, 3,621 dwelling purchases by households at market prices were filed with Revenue. This represents a 1.5% decrease compared with the 3,675 purchases in January 2023 and a 28.5% decrease compared with the 5,063 purchases in December 2023. The total value of transactions filed in January was €1.4 billion.
Existing dwellings accounted for 2,812 (77.7%) of the dwelling purchases filed in January, a decrease of 6.0% compared with January 2023. The balance of 809 (22.3%) were new dwellings, an increase of 18.4% compared with January 2023. See Figure 2.1.
In the year to January, 50,180 dwelling purchases by households at market prices were filed with Revenue. Of these, 17,496 (34.9%) were purchased by first time buyer owner-occupiers, while former owner-occupiers purchased 26,723 (53.3%). The balance of 5,961 (11.9%) were acquired by non-occupiers. See Figure 2.2.
Revenue data shows that there were 1,304 first-time buyer purchases in January 2024, an increase of 4.9% on the 1,243 recorded in January 2023. These purchases were made up of 499 new dwellings and 805 existing dwellings.
| Buyer Type | |
| 34.9%First-Time Buyer | 17496 |
| 53.3%Former Owner-Occupier | 26723 |
| 11.9%Non-Occupier | 5961 |
Households paid a median price of €330,000 for a dwelling on the residential property market in the 12 months to January 2024.
The Dublin region had the highest median price (€445,000) in the year to January. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price (€620,000), while Fingal had the lowest (€410,250).
The highest median prices outside of Dublin were in Wicklow (€437,500) and Kildare (€395,000), while the lowest price was €165,000 in Leitrim. See Figure 2.3.
In the year to January, the Eircode area with the highest median price for household dwelling purchases was A94 'Blackrock' (€720,000). 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 €698,000. The third most expensive Eircode area was D04 'Dublin 4' which had a median price of €650,045.
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 €462,500.
The least expensive Eircode area over the last 12 months was F45 'Castlerea', with a median price of €134,000. The second least expensive Eircode area was F35 'Ballyhaunis' with a median price of €142,000. The third least expensive Eircode area was H23 'Clones', which had a median price of €143,000. 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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