Waterford house prices continued to rise sharply in late 2025, according to the latest Daft.ie House Price Report, as limited supply keeps pressure on buyers across the city and county.

The report shows that the average price of a three-bedroom semi-detached home in Waterford City reached €310,000 in the final quarter of 2025, representing a 9.1% increase year-on-year.

In Waterford County, the average price of a four-bedroom detached home stood at €508,000, reflecting a 2.2% decline compared to the same period last year.

Daft.ie attributes rising prices in Waterford primarily to ongoing supply shortages, a trend mirrored across much of the country.

National Picture

Nationally, the average listed price rose by 5.5% during 2025, with a typical three-bedroom semi-detached home now costing just over €423,000. Listed prices remain 41% above pre-Covid levels and sit just 10% below the peak of the Celtic Tiger era.

Transaction data from the Property Price Register supports the trend, indicating that sale prices increased by 7.4% nationally during 2025. The gap between asking prices and final sale prices also widened, reaching 6.6% in late 2025, highlighting continued competition among buyers.

Regional differences remain stark. While Dublin recorded the lowest annual inflation at 3.1%, prices in Connacht-Ulster surged by 11.6%, underscoring uneven pressure across the housing market.

According to Daft.ie, supply constraints remain the core issue. As of December 1st, just 11,551 second-hand homes were available for sale nationwide—less than half the average seen between 2015 and 2019. Availability outside Dublin sits 63% below late-2010s levels, compared to 16% below in the capital.

Commenting on the findings, Ronan Lyons, economist at Trinity College Dublin and author of the report, said demand continues to far exceed supply despite a modest slowdown in price inflation.

“Across both list and transaction prices, it is clear that demand continues to significantly outpace supply,” he said. “Since the pandemic, the availability of homes to buy has become stuck at a much lower level than before, putting greater pressure on buyers.”

Professor Lyons added that Ireland must significantly increase housing output to address the imbalance.

“A country that is building between 30,000 and 35,000 homes needs to double that total across owner-occupied, social and rental segments,” he said.

Daft.ie released the updated report as part of its 20th anniversary, expanding its analysis to include market heat, transaction trends and housing availability, providing deeper insight for buyers and sellers navigating a constrained market.

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