Mayo property prices: how does your town compare
Residential property prices in Westport are nearly twice as expensive as Ballyhaunis. Picture: Michael McLaughlin
House prices in Westport are almost twice as expensive as Ballyhaunis, data from the Central Statistics Office (CSO) has revealed.
The CSO Residential Property Price Index for September 2024 shows that the median price for a house in Mayo is now €210,000 but there are huge disparities between the key towns in the county. At the top of the scale is Westport where the median price is €286,000 compared to Ballyhaunis at just €150,000. Indeed, Ballyhaunis was the third least expensive Eircode area in the whole country after Clones in Co Monaghan and Castlerea in Co Roscommon.
Median prices are obtained by ranking all transactions from the most expensive to the least expensive. The price that ranks exactly in the middle is the median price.
The CSO index revealed that residential property prices rose by 10% in the 12 months to September 2024. In Dublin, residential property prices saw an increase of 10.8%, while property prices outside Dublin were 9.4% higher in September 2024 when compared with a year earlier.
In Connacht, Mayo has the third highest property prices (median of €210,000) after Galway County (€295,000) and Co Sligo (€223,500). Prices in Leitrim are the lowest at €177,500 with Roscommon also having relatively cheap properties with a median price of €182,000. Not surprisingly, Galway City is the most expensive place in Connacht to purchase a home – its median price in September was €365,000.
Of the various towns in Mayo, Castlebar saw a significant rise in property prices in the past year and its median price is now €241,000 compared to €196,924 in Ballina, €187,000 in Claremorris and €190,000 in Ballinrobe.
In the 12 months to September 2024, house prices in Dublin rose by 11.5% while apartment prices increased by 8.2%.
Outside Dublin, house prices were up by 9.6% and apartment prices increased by 7.9%. The region outside of Dublin that saw the largest rise in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 15.3%, while at the other end of the scale, the Mid-East (Kildare, Louth, Meath, and Wicklow) saw a 7.5% rise.
In September 2024, 4,167 dwelling purchases by households at market prices were filed with the Revenue Commissioners, a decrease of 2.1% when compared with the 4,255 purchases in September 2023.
Households paid a median or mid-point price of €346,000 for a residential property in the 12 months to September 2024. The lowest median price paid for a dwelling was €175,000 in Longford, while the highest was €637,500 in Dún Laoghaire-Rathdown.
The most expensive Eircode area over the 12 months to September 2024 was A94 'Blackrock' with a median price of €716,000, while H23 'Clones' had the least expensive price of €135,000.”
