In May, 4,435 dwelling purchases by households at market prices were filed with Revenue. This represents a 18.9% increase compared with the 3,730 purchases in May 2022 and a 36% increase compared with the 3,262 purchases in April 2023. The total value of transactions filed in May was €1.6 billion.
Existing dwellings accounted for 3,616 (81.5%) of the dwelling purchases filed in May, an increase of 17.5% compared with May 2022. The balance of 819 (18.5%) were new dwellings, an increase of 25.6% compared with May 2022. See Figure 3.1.
In the year to May, 50,680 dwelling purchases by households at market prices were filed with Revenue. Of these, 17,167 (33.9%) were purchased by first time buyer owner-occupiers, while former owner-occupiers purchased 27,246 (53.8%). The balance of 6,267 (12.4%) were acquired by non-occupiers. See Figure 3.2.
Revenue data shows that there were 1,567 first-time buyer purchases in May 2023, an increase of 29.2% on the 1,213 recorded in May 2022. These purchases were made up of 483 new dwellings and 1,084 existing dwellings.
| Buyer Type | |
| 33.9%First-Time Buyer | 17167 |
| 53.8%Former Owner-Occupier | 27246 |
| 12.4%Non-Occupier | 6267 |
Households paid a median price of €315,000 for a dwelling on the residential property market in the 12 months to May 2023.
The Dublin region had the highest median price (€435,000) in the year to May. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price (€630,000), while Fingal and South Dublin had the lowest (€410,000).
The highest median prices outside of Dublin were in Wicklow (€425,000) and Kildare (€380,000), while the lowest price was €160,000 in Longford. See Figure 3.3.
In the year to May, the Eircode area with the highest median price for household dwelling purchases was A94 'Blackrock’ (€741,503). 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 €700,000. The third most expensive area was D04 ‘Dublin 4’, which had a median price of €695,000.
The Eircode area with the least expensive median price within Dublin was D10 ‘Dublin 10’, where the median price was €273,000.
Outside of Dublin the most expensive Eircode area over the last twelve months was A63 'Greystones', with a median price of €530,000. The second most expensive Eircode area was A98 'Bray', where the median price was €465,500. The third most expensive was W23 ‘Celbridge’, with a median price of €440,081.
The least expensive Eircode area over the last 12 months was F35 'Ballyhaunis', with a median price of €127,500. The second least expensive area was F45 ' Castlerea ', where the median price was €131,000. The third least expensive Eircode area was H23 'Clones', which had a median price of €133,750. See Figure 3.4.
The House Prices by Eircode interactive tool can be accessed here House Prices by Eircode
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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