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Slight monthly rise in Drogheda house prices, new RRP figures show

Front Door of a property
A view of the front of a property. Photo Credit: Flickr Creative Commons License.

The average house price in Drogheda rose ever so slightly month-on-month between April and May, despite mostly small decreases across the board elsewhere around the country. The west of Ireland saw the biggest fall in average house prices.

The new Residential Property Price Index figures for May 2020 show the median price in the area, determined by Eircode, to be €245,000 – representing a increase of €750 from April. Year-on-year, there has been no change in the median house price in Drogheda, with the cost at the end of May 2019 calculated to be €245,000.

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The figures, published monthly by the Central Statistics Office, also reveal that house prices in the Dundalk area have seen a 1.2% drop month-on-month, from €207,500 in April this year to €205,000 in May. In May 2019, the average house price in Dundalk was €200,000.

House prices in Dundalk, with the town positioned on the M1 corridor, are by far the highest among areas surveyed along the border region. The next highest median cost of a home found by the CSO was in the Carrickmacross area with houses now averaging €171,750.

As of May 2019, Blackrock in Dublin remains the costliest place to buy a home in Ireland with the median price at €615,000 – up from €613,500 12 months previously.

Outside of Dublin, Greystones is the area with the highest median price of purchasing a home. The cost there is €424,999 – down €5,000 year-on-year.

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