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  • Average Cork house prices tip €300k (but one town is popular with bargain hunters)
Homes, News

Average Cork house prices tip €300k (but one town is popular with bargain hunters)

By Yay Cork January 19, 2023January 19, 2023

It’s hard to keep up sometimes.

But if you were wondering how house prices are looking on Leeside these days, a new report confirms they are still climbing.

The latest figures released by the Central Statistics Office show that the average cost of buying a home in Cork is now €300,000.

According to the Residential Property Price Index for November 2022, areas such as Ballincollig, Carrigaline, Cork Southside, and Glanmire are even more expensive, with average asking prices tipping €325,000.

Unsurprisingly, Kinsale was the most expensive Cork location to set up home, with the average property costing €405,000.

House hunting on a budget?

Bargain hunters would be wise to consider Charleville, where one can still find a three-bedroom family property for €190,000. Prices have dropped slightly in Mitchelstown, Skibbereen, and Clonakilty too.

“Residential property prices rose by 8.6% in the 12 months to November 2022, down from 9.7% in the year to October 2022.” said Viacheslav Voronovich, Statistician in the Prices Division.

“In Dublin, residential property prices saw an increase of 7%, while property prices outside Dublin were 9.8% higher than a year earlier.”

In November 2022, 4,901 dwelling purchases by households at market prices were filed with the Revenue Commissioners, an increase of 7.3% compared with the 4,566 purchases in November 2021.

“Households paid a median or mid-point price of €300,000 for a residential property in the 12 months to November 2022. The lowest median price paid for a dwelling was €150,000 in Longford, while the highest was €620,000 in Dún Laoghaire-Rathdown.” added Voronovich.

“The most expensive Eircode area over the 12 months to November 2022 was A94 ‘Blackrock’, with a median price of €745,000, while F35 ‘Ballyhaunis’ was the least expensive at €125,000.”

Tags: Glanmire, Kinsale, property, property prices
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