Kilkenny Home Prices Surge 5.9% in Third Quarter of 2025

The average asking price for homes in Kilkenny increased by 5.9% from July to September 2025 compared to the same period in 2024. According to the latest report from listings site Daft.ie, local housing prices reflect broader trends in the national market, which saw an average increase of 0.8% during the same quarter.

In Kilkenny, the average price for a three-bedroom semi-detached home reached €309,000, marking an 8% rise from the previous year. A four-bedroom semi-detached house in the area would now average €386,000, representing a 6% increase. Comparatively, the average cost for three-bedroom homes in the broader Leinster region was €361,499, with prices up by 7.2% year-on-year.

Nationally, the average price for a three-bedroom semi-detached home surpassed €421,000 in Q3 2025, reflecting a 5.9% increase from the previous year. This figure is 39% above pre-COVID levels and nearly 10% below the peak seen during the Celtic Tiger period. While inflation has eased since earlier in the year, it remains elevated compared to the broader economy, largely due to a significant lack of housing supply.

Market Conditions and Supply Issues

On September 1, there were 11,925 second-hand homes available for sale across the country, a slight increase of 1% from the same date last year. Despite this uptick, the current availability remains less than half of the average seen between 2015 and 2019.

While national prices have risen almost 6% compared to the previous year, regional variations are evident. The lowest inflation rate was noted in Dublin, where prices increased by 4.5%. In Munster, prices rose by 5% annually, with the four major cities seeing an average increase of 5.8%. These figures are lower than the national average, which has been influenced by more significant increases in Leinster (excluding Dublin) at 7.2% and Connacht-Ulster (excluding Galway) at 8.7%.

Expert Insights on Housing Trends

Commenting on the findings, Ronan Lyons, Professor of Economics at Trinity College Dublin, stated that the Irish housing market has experienced varied conditions over the past two decades. He emphasized the ongoing issue of supply shortages, which have been a dominant theme for over half that time.

“There are some indications in this latest report that new homes are sustaining activity levels in the market, even though construction is still low compared to underlying need,” he said. Lyons advocated for increased construction and a healthier second-hand market as essential components for a more positive housing narrative in Ireland moving forward.

As the Kilkenny housing market continues to experience upward pressure on prices, the focus remains on addressing supply challenges to ensure stability and affordability for potential buyers in the future.