Mayo property prices fall by €5,000 in third quarter of year

PROPERTY prices in Mayo have fallen by €5,000 during the third quarter of the year, according to the latest MyHome.ie Property Price Report.

The report for Q3 2023, in association with Davy, shows that the median asking price for a property in the county is now €190,000. This means prices have stayed steady compared with this time last year.

Asking prices for a three-bed semi-detached house in the county fell by €7,000 over the quarter to €168,000. This means that prices in the segment have fallen by the same amount compared to this time last year.

Meanwhile, the asking price for a four-bed semi-detached house in Mayo rose by €2,500 over the quarter to €222,500. This price is up by €27,500 compared to this time last year.

There were 469 properties for sale in Mayo at the end of Q3 2023 - a decrease of 5% over the quarter.

The average time for a property to go sale agreed in the county after being placed up for sale now stands at nearly four months.

Looking at the national picture, the latest survey shows annual asking price inflation of 4.1% nationally.