Dearest Galway postcodes to buy a house as median asking prices now just €5,000 less than Dublin
Sale agreed average times are about three months from the day properties are being put up for sale in Galway with 830 available at the end of quarter three this year
A new housing report shows that property prices in Galway have skyrocketed by €20,000 in just 12 months.
MyHome’s data, compiled alongside Bank of Ireland, shows the median asking price for a property here now stands at €375,000 - just five thousand less than Dublin.
Three-bed, semi-detached house prices rose by €10,000 to €335,000 while a four-bed has jumped twice that from last year to €395,000.
Sale agreed average times are about three months from the day properties are being put up for sale in Galway with 830 available at the end of quarter three this year.
Previous data showed that Ballinasloe comes out on top for being home to the most affordable houses at €240,000 but has also increased as has Athenry €408,000; Loughrea €336,000 and Tuam €300,000 with Clifden remaining similar enough to last year at €295,000.
At the end of quarter one this year, it was revealed that one in five house sales across County Galway were a result of landlords pulling out of the rental market.
The national housing market survey revealed that, over the first three months of 2026, 60% of purchasers in the city and 70% across County Galway were first-time buyers.
But a total of 20% of sales in the county, and 15% in Galway city, were attributed to landlords leaving the market. That has increased fears of a surge to a record number of evictions – higher than the 20,000 across Ireland last year.
The expansion of rental pressure zones under the new rental legislation is being blamed for the surge in tenants being issued with termination notices and their properties going on the market.
Before this, RPZs had only applied to high-population areas like Dublin, Cork and Galway cities.
Chief Economist at Bank of Ireland and author of the report Conall MacCoille said: “The rate of asking price inflation continues to slow, the number of properties for sale on MyHome is rising, and homebuilding has picked up. All of these factors point to positive news for homebuyers.”
He added: “While it makes more financial sense to rent rather than buy, affordability is clearly problematic for many homebuyers. The median residential property price at €412,000 is now 7.7 times’ average pay of €54,000. However, the typical joint income of first-time buyers in 2025 was €95,000, purchasing a property worth €408,000, equivalent to four times’ their income.”