Carlow bucks Irish property boom trend with surprise drop in house prices

Property prices in Carlow have fallen by €7,500 over the past year, according to the latest MyHome Property Price Report.

The Q4 2025 report, produced in association with Bank of Ireland, shows the median asking price for a home in Carlow now stands at €250,000, down €14,500 over the last three months alone.

Despite the overall drop, prices for some types of homes in the county have continued to rise. The asking price for a three-bed semi-detached house is now €260,000, an increase of €13,750 compared to this time last year, although that figure fell by €5,000 over the past quarter.

Four-bed semi-detached homes in Carlow are now typically priced at €280,000, up just €500 year-on-year and unchanged over the last three months.

The report also shows that supply remains tight. There were just 101 homes listed for sale in Carlow at the end of Q4, a drop of 10% compared to the previous quarter.

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Homes in the county are also continuing to move quickly, with the average time taken for a property to go sale agreed now just over one and a half months after being listed.

Nationally, the MyHome report suggests the pace of price growth across Ireland is beginning to ease.

Conall MacCoille, Chief Economist at Bank of Ireland, said: “This quarter’s MyHome report adds to the evidence that the pace of Irish house price inflation is starting to soften. Asking prices were flat in Q4 2025, up just 0.1% in the usually quiet winter months, with the annual rate of inflation slowing to 5.4%.”

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He added: “However, the froth in the market is subsiding a little. The median premium over asking has fallen back from a peak of 8.6% in July, to 7.4% in October and November.”

Joanne Geary, Managing Director of MyHome, said that while there are early signs of stabilisation, conditions remain challenging for buyers.

“While there are early signs of stabilisation, conditions remain tight, and buyers continue to compete for a limited pool of properties,” she said.