Average price of a home in Waterford is now €339,276 - Daft House Price Report reveals

In Waterford City, prices for homes were 15% higher than the year previous, the Q2 Daft.ie House Price Report has revealed. 

The average price of a home in the city is now €276,420- 52% above the level seen at the start of the Covid-19 pandemic. In the rest of Waterford, prices in the second quarter of 2025 were 7% higher, where the average price of a home is now €339,276. This is 49% above the level seen at the start of the Covid-19 pandemic.

Nationally, housing prices rose by an average of 3% during the second quarter and the typical listed price nationwide was €357,851, 12.3% higher than a year previously and 40% higher than at the onset of the Covid-19 pandemic.

The current rate of inflation in the market is the highest seen in the ten years since mortgage market rules were introduced.

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The surge in inflation is relatively broadly based, with the Dublin figure (12.3%) in line with the average for the rest of the country. In Waterford city however, the rate is higher again (15.2%) while in Cork city (8.6%) the increase in prices is slower. 

The strong increases in housing prices are related, once again, to very tight supply. The number of second-hand homes available to buy nationwide on June 1 stood at close to 12,100. This is largely unchanged from the figure a year ago and less than half the pre-Covid average of almost 25,000.

Commenting on the report, its author Ronan Lyons, economist at Trinity College Dublin, said: “The fastest increase in housing prices since mortgage market rules were introduced a decade ago highlights the importance of addressing Ireland’s chronic and worsening housing shortage. The substantial increases over the past year in almost all parts of the country are linked to the lack of second-hand supply. This in turn is related to the increase in interest rates earlier in the decade.

"As interest rates come down and mortgage-holders come off their fixed rate terms, the picture for second-hand supply will improve. There are already some tentative signs in Dublin of an increase in second-hand supply. Nonetheless, the second-hand market is only part of the solution. Ultimately, policymakers have to address their failure to recognise and provide the framework for enough new homes each year," he concluded.