REVEALED: The average price of Waterford three-bed house after another spike

The price of the average second-hand three-bed semi in Waterford city rose to €345,000 in 2025, up 10.6pc from €312,000 at the end of 2024, according to a national survey by Real Estate Alliance.

Across the county, average prices rose over the past twelve months to €295,000, up 10.7pc from €266,500 in 2024, the Q4 REA Average House Price Index shows.

In the county, average time taken to sell this quarter was eight weeks, while in the city it was five weeks.

“There is emerging evidence that more and more small landlords are looking at their options on whether to hold or sell by reason of the pending Residential Tenancy Legislation,” said Eamonn Spratt of REA Spratt, Dungarvan.

The survey shows that this quarter, 75pc of purchasers in the city and 40pc across the county were first-time buyers, while a total of 33pc of sales in the county, and 25pc in Waterford city, were attributed to landlords leaving the market.

Additionally, agents in Waterford reported that the BER ratings of properties saw A-rated properties command 15pc price increases in the city and 25pc across the county in comparison to comparable C-rated properties.

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The REA Average House Price Index concentrates on the sale price of Ireland's typical stock home, the three-bed semi, giving an accurate picture of the second-hand property market in towns and cities countrywide.

A recent rise in landlords exiting the housing market is set to sharply increase in the first months of 2026, according to agents.

The impending nationwide rent pressure zone at the end of February has seen a 38pc annual increase in landlord sales in many areas now included in the legislation.

The actual selling price of a three-bed, semi-detached house across the country rose by 1.6pc in the past three months to €359,417.

This represents an 8.7pc overall rise annually – a gradual slowing from the 10.3pc increase registered six months ago.

Actual selling prices in Dublin city rose by 1.5pc in the last three months, with the average three-bed semi in the capital’s postcode areas now selling at €586,000, an 8.1pc annual rise.

Selling prices in Ireland’s major cities outside Dublin rose by 1.3pc to an average of €373,750 – a 7.4pc annual increase.

Homes in the country’s large towns showed the biggest increases nationwide, 1.75pc this quarter and 9.9pc on last December to an average of €275,611 – with homes taking one week longer to reach sale agreed, at five weeks.

Prices in commuter counties rose by 1.6pc to €373,513, and while supply continues to cause issues, there is an anticipation of further landlord sales across the area in the new year.