Mayo house prices up 14.2% in twelve months

THE price of the average second-hand three-bed semi in County Mayo rose to €274,000 in 2025 - up 14.2% from €240,000 at the end of 2024, according to a national survey by Real Estate Alliance.

Across the county, the average time taken to sell this quarter was six weeks, the Q4 REA Average House Price Index shows.

“There is an increase in landlords selling due to reaching retirement age, together with regulation perception,” said Robert McGreal of REA McGreal Burke.

“We are seeing good demand for well finished dwellings, with properties requiring work proving more difficult to sell.”

The survey shows that across the county this quarter, 40% of purchasers were first-time buyers, while a total of 30% of sales in the county were attributed to landlords leaving the market.

Additionally, agents across the county reported that the BER ratings of properties saw A-rated properties command 15% price increases in comparison to comparable C-rated properties.

The REA Average House Price Index concentrates on the sale price of Ireland's typical stock home, the three-bed semi, giving an accurate picture of the second-hand property market in towns and cities countrywide.

A recent rise in landlords exiting the housing market is set to sharply increase in the first months of 2026, according to agents.

The impending nationwide rent pressure zone at the end of February has seen a 38% annual increase in landlord sales in many areas now included in the legislation.

The actual selling price of a three-bed, semi-detached house across the country rose by 1.6% in the past three months to €359,417.

This represents an 8.7% overall rise annually - a gradual slowing from the 10.3% increase registered six months ago.