The national Residential Property Price Index (RPPI) increased by 10.0% in the 12 months to September 2024, with prices in Dublin rising by 10.8% and prices outside Dublin up by 9.4%.
In September 2024, 4,167 dwelling purchases by households at market prices were filed with the Revenue Commissioners, down by 2.1% when compared with the 4,255 purchases in September 2023.
The median price of a dwelling purchased in the 12 months to September 2024 was €346,000.
The lowest median price for a dwelling in the 12 months to September 2024 was €175,000 in Longford, while the highest median price was €637,500 in Dún Laoghaire-Rathdown.
| Table 1.1 - Residential Property Price Index | Base Year 2015=100 | |||
| Year | Month | Residential Property Price Index | Percentage Change | |
| Over 1 Month | Over 12 Months | |||
| 2023 | September | 170.1 | 0.9 | 1.4 |
| 2024 | June | 181.7 | 0.9 | 8.9 |
| July1 | 183.9 | 1.2 | 9.6 | |
| August1 | 185.5 | 0.9 | 10.1 | |
| September1 | 187.2 | 0.9 | 10.0 | |
| 1The latest three month's RPPI results are provisional and subject to revision. | ||||
The national index has now reached the value of 187.2, which is 14.4% above its highest level at the peak of the property boom in April 2007. Dublin residential property prices are 2.8% higher than their February 2007 peak, while residential property prices in the Rest of Ireland are 14.9% higher than their May 2007 peak.
Property prices nationally have increased by 155.1% from their trough in early 2013. Dublin residential property prices have risen by 154.5% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 164.5% higher than at the trough, which was in May 2013. See Figure 1.3.
RPPI is based on Revenue stamp duty returns, which have a 44 day submission deadline. To account for this fact and also for late filings, the RPPI for the latest three months is provisional and subject to revision. See Background Notes
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Statistician's Comment
The Central Statistics Office (CSO) has today (20 November 2024) published the Residential Property Price Index (RPPI) September 2024.
Commenting on the release, Niall Corkery, Statistician in the Prices Division, said: “Residential property prices rose by 10.0% in the 12 months to September 2024, down from 10.1% in the year to August 2024. In Dublin, residential property prices saw an increase of 10.8%, while property prices outside Dublin were 9.4% higher in September 2024 when compared with a year earlier.
Property Prices by Type and Region
In the 12 months to September 2024, house prices in Dublin rose by 11.5% while apartment prices increased by 8.2%. The highest house price growth in Dublin was in Fingal at 13.5% while Dún Laoghaire-Rathdown saw a rise of 8.9%.
Outside Dublin, house prices were up by 9.6% and apartment prices increased by 7.9%. The region outside of Dublin that saw the largest rise in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 15.3%, while at the other end of the scale, the Mid-East (Kildare, Louth, Meath, and Wicklow) saw a 7.5% rise.
In September 2024, 4,167 dwelling purchases by households at market prices were filed with the Revenue Commissioners, a decrease of 2.1% when compared with the 4,255 purchases in September 2023.
Households paid a median or mid-point price of €346,000 for a residential property in the 12 months to September 2024. The lowest median price paid for a dwelling was €175,000 in Longford, while the highest was €637,500 in Dún Laoghaire-Rathdown.
The most expensive Eircode area over the 12 months to September 2024 was A94 'Blackrock' with a median price of €716,000, while H23 'Clones' had the least expensive price of €135,000.”
A table of median prices by Eircode area is available, as is our Interactive App where you can explore the median property price by Eircode area.