THE average price of a home in Limerick has risen once again.
That’s according to new data from a national survey by REA auctioneers, which shows a 1.8 per cent rise in average house prices in County Limerick over the last quarter, while average prices in the city rose by average prices in the city rose by per cent in the same period.
The quarterly REA Average House Price Index analyses the actual sale price of Ireland’s “typical stock home”, the three-bed semi-detached home, which the auctioneer says gives “an accurate picture of the second-hand property market in towns and cities countrywide”.
According to the survey for the second quarter of 2026, the average price in Limerick City stood at €335,000 for a three-bed semi, 1.4 per cent higher than the start of the year.
In the county, average prices rose by 1.8 per cent to €285,000.
These figures place Limerick roughly in the middle of the table in terms of price fluctuation, with Donegal (3.5 per cent) and Laois (3.2) seeing the highest rises nationally while Waterford City, Wicklow, Cavan, Clare, and Kildare all saw the lowest with no notable change in price.
According to REA, the average time taken this quarter to reach sale agreed in Limerick City was three weeks, and four in the county.
The survey shows that, this quarter, 75 per cent of purchasers in the city and 80 per cent in the county were first-time buyers.
The auctioneer further stated that a majority of sales both the city (60 per cent) and the county (55 per cent) were attributed to landlords fleeing the market.
“In what is becoming the great house condition divide, homes that require upgrade works are sitting on the market while bidders concentrate on ready-to-enter properties,” according to REA.
At a national level, according to REA, the actual selling price of a three-bed semi rose by 0.9 per cent over the quarter to €367,988 , “the first time the quarterly rate of increase has been under one per cent in over two years”.
However, REA said, “this represents a 5.8 per cent annual rise – slowing gradually from the 8.7 per cent increase registered at the end of 2025”.
“The Q2 Index shows that while the rate of increase in sales prices has halved in the capital over the past three months, from 1.6 per cent to 0.8 per cent, average Dublin house prices have broken the €600,000 barrier for the first time.”