Mayo house prices up 7.1 percent despite a slowdown in national market

House prices in Mayo continued to rise over the past year, but the rate of inflation has begun to ease nationally as more properties remain on the market for longer.

The latest Daft.ie Sales Report shows that listed property prices in Mayo were 7.1 percent higher in the third quarter of 2026 than a year earlier.

The typical asking price for a four-bedroom detached house in Mayo was €378,000 during the quarter.

The Mayo figures come against a backdrop of slowing house price inflation across the country, with the national average listed price rising by 3 percent in the year to September - roughly half the rate recorded a year previously.

Nationally, the average asking price across all property types stood at just under €445,000 in the third quarter.

Despite the slowdown, listed prices remain 44 percent above their pre-Covid level and are still 7.5 percent below the peak recorded during the Celtic Tiger era.

The latest figures also point to a cooling in the wider property market.

Analysis of completed transactions registered on the Property Price Register and matched to the Daft.ie database indicates that transaction prices rose by just 0.8% in the year to September, the slowest annual increase since 2020.

The gap between the original asking price and the eventual sale price has also narrowed considerably.

Nationally, the typical difference was 2.6 percent in the third quarter, compared with 6.8 percent a year earlier and the smallest gap recorded since 2023.

That measure is regarded as an indicator of the level of competition and pressure in the housing market.

More homes remain on the market

The easing in price pressure appears to be linked more to weaker demand than to a major increase in the supply of second-hand homes.

There were just under 13,800 second-hand homes for sale nationwide on September 1, an increase of 12.5 percent on the same date last year.

However, that figure remains only around half the pre-pandemic norm of more than 26,000 homes.

The number of second-hand properties being put on the market has remained broadly unchanged, with just under 52,700 listed nationally in the year to August.

However, the number of properties leaving the market fell by 3 percent, suggesting that homes are taking longer to sell.

There is also a divergence between new and second-hand home sales. In the year to June, sales of second-hand properties fell by 1%, while sales of new homes increased by 13%.

Dublin cooling fastest

The slowdown has been particularly pronounced in Dublin and the wider Leinster region.

Listed prices in Dublin were 2.7 percent higher year-on-year in September, while Leinster outside Dublin recorded an increase of 2.1 percent.

Elsewhere, price inflation remains stronger.

Waterford city recorded an annual increase of 11 percent, while Cork, Galway and Limerick cities all recorded increases of just under 6 percent.

Listed prices rose by 4.6 percent in Munster outside the cities and by 3.6 percent in Connacht-Ulster outside Galway.

In the four cities outside Dublin taken together, listed prices have now moved above their Celtic Tiger peak.

Commenting on the latest figures, report author Ronan Lyons said the clearest message from the third quarter was that house price inflation was easing in both asking prices and completed transactions.

He said the figures did not indicate that the flow of second-hand properties onto the market had increased significantly.

“Instead, what has changed is how quickly those homes sell,” he said.

Ronan said that outside Dublin, some demand appeared to have shifted towards new homes, while in Dublin sales of both new and second-hand properties had fallen.

He described the latter as the clearest indication of softer demand and a development to watch in the coming quarters.