Asking prices rise by 8% in Offaly during 2022

Asking prices in Offaly rose by 8% during 2022, according to according to the latest Daft.ie Sales Report.

The average price of a home in Offaly is now €244,000, 22% below its Celtic Tiger peak.

In the last quarter of the year, the asking prices in Offaly rose by 0.4% compared to the previous quarter.

Nationally, housing prices rose by 6.1% during 2022. The average listed price nationwide in the final quarter of 2022 was €309,941, down 0.4% on the average for the third quarter of the year and 16% below the Celtic Tiger peak. The 6.1% increase in 2022 compares with increases of 8.1% in 2021 and 7.7% in 2020 and a fall of 1.2% in 2019.

Compared to a year previously, prices in Dublin in the final quarter of 2022 were 5% higher, similar to the increase seen in Galway city (5.4%). The increase in the last 12 months was larger in Galway city (8%) and Waterford city (6.4%), while prices in Cork city were 3.3% higher than a year ago. Outside the cities, prices rose by 7.1% on average – with similar increases seen in Leinster, Munster and Connacht-Ulster.