House prices continue to climb in Mayo as supply shortages persist
House prices in Mayo continued to rise sharply during 2025, with the average price of a four-bedroom detached home reaching €362,000 in the final quarter of the year – an increase of 10.5% on the same period in 2024.
The figures are contained in the latest Daft.ie House Price Report, which shows that prices continued to increase across the country amid an ongoing shortage of homes for sale.
Nationally, the average list price rose by 5.5% over the course of 2025. By the end of the year, the average asking price for a three-bedroom semi-detached house stood at just over €423,000. Overall, listed prices are now 41% higher than pre-Covid levels and remain just 10% below their peak during the Celtic Tiger era.
Further analysis of completed sales, based on transactions registered with the Property Price Register and matched to Daft.ie listings, suggests that transaction prices increased by 7.4% during 2025. The gap between the initial asking price and the final sale price has widened significantly, with homes selling for an average of 6.6% above their listed price nationally in late 2025.
Regional variations remain pronounced. While Dublin recorded the lowest rate of price inflation, with values up 3.1% year-on-year, prices in the Connacht-Ulster region rose by 11.6% over the same period, underlining continued strong demand in areas outside the capital.
According to the report, the underlying driver of rising prices remains a chronic lack of supply.
On December 1, there were just 11,551 second-hand homes available for sale nationwide. Although this represents a 7% increase on the same date last year, it is still less than half the average level of availability seen between 2015 and 2019, when approximately 26,000 homes were typically on the market.
Supply shortages are particularly acute outside Dublin, where the number of homes for sale is 63% below late-2010s levels, compared with a 16% shortfall in the capital. The report warns that without a sustained increase in housing supply, price pressures are likely to persist, particularly in rural counties such as Mayo.