Galway’s housing market continues to heat up, resulting in some of the steepest increases nationally, coupled with a continually declining level of stock available.
According to the Daft.ie House Price Report Q3 2025 published on Tuesday, the average listed price of a three-bed semi-detached house in Galway city now stands at €391,000, up 4.4 per cent year-on-year. Larger homes have seen even sharper increases, with four-bed semi-detached properties rising by 7.9 per cent to €474,000, and three-bed terraced homes up almost 9 per cent to €387,000.
In County Galway, house prices have also surged. A three-bed semi now averages €301,000, reflecting a 15.2 per cent annual jump, one of the steepest increases recorded nationwide. Detached homes have also climbed, with a three-bed now averaging €318,000, up 10 per cent in the past year.
New builds
Despite the tiered system for first-time buyers, price limits being €25,000 higher for newly constructed homes in the city, with buyers eligible for up to €450,000 for property in the city compared to €425,000 in the county, the average price for new builds reflects the opposite trend. According to the newly published report, the median cost for a new build property in Galway city is €405,000 compared to €420,000 for the same type of property in the county.
Falling supply
In addition to rising costs and persistently strong demand for housing, supply in Galway has fallen. Across the four regional cities, Cork, Limerick, Galway and Waterford, just 897 second-hand homes were listed for sale on September 1, a 9 per cent decline on last year's figures. Availability is now barely half of what it was in the 2015–2019 period.
Nationally, Daft.ie notes that house price inflation is moderating slightly, with list prices up 5.9 per cent year-on-year. However, Connacht-Ulster continues to outpace other regions, with growth as high as 13.8 per cent for some property types.
Commenting on the figures, report author Prof Ronan Lyons said that while demand has shifted outside Dublin in recent years, limited second-hand supply and rising mortgage costs mean Galway buyers are competing fiercely for available homes.
