Kerry House Price Survey March 2025

The price of the average second-hand three-bed semi in County Kerry has increased by 16% in the past year – with Tralee prices up by 26% – the latest Real Estate Alliance survey has found.

The average three-bed semi in the county is now selling for €355,000, an increase of 0.4pc in the first three months of the year, the Q1 REA Average House Price Index shows.

Average Killarney prices were unchanged this quarter at €395,000, an annual rise of 9.7%.

However, selling prices in Tralee rose by 1.6pc to an average of €315,000 – a 26% increase on March 2024, when average homes were selling for €250,000.

“We are seeing some signs that new houses may come on market at the end of 2025, which may help ease the current supply issues,” said Donal Culloty of REA Coyne and Culloty, Killarney.

The survey shows that across the county, 45pc of purchasers were first-time buyers, while a total of 35pc of sales in the county this quarter were attributed to landlords leaving the market.

Additionally, agents across the county reported that the BER ratings of properties saw A-rated properties command 30pc 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.

The actual selling price of a three-bed, semi-detached house across the country rose by 2.5pc in the past three months to €338,847, and 10pc overall annually.

Three-bed semis in Dublin’s suburbs are reaching sale agreed in days as a wave of mortgage approved buyers turn their focus from apartments to family homes, the survey has found.

Actual selling prices in Dublin city rose by 3pc in the last three months, and the average three-bed semi in the capital is now selling at €558,250 – a rise of almost €50,000 in the past year.

Prices in the major cities outside the capital rose by an average of 3pc to €355,250 in the last three months – an annual rate of increase of 8pc.

Homes in the country’s large towns continue to show the biggest annual growth nationwide, 2.9pc this quarter and 13pc on last March to an average of €256,576.

The absence of new home building, and historically low supply has seen three bed semi-detached homes in parts of Donegal, Kerry, Mayo, Offaly and Roscommon increase by over 23pc in the past year.

Homes in commuter counties rose by 1.9pc over the past three months to an average of €350,278, an annual rise of 9pc.