One-bed apartments lead list of most affordable Westmeath homes

The most affordable property types available to homebuyers in Westmeath are one-bed apartments, followed by two-bed terraced homes and then two-bed apartments, according to the latest figures available from the property website daft.ie.

The average list price of a one-bed apartment is €177,000 – up 4.1 per cent over the last year, while the average price of a two-bed terraced home is €193,000, which is a fall of 13.7 percent on asking prices a year earlier.

A price surge of 66.7 per cent has been registered in the case of detached two-bed houses, which now have an asking price of, on average, €257,000.

In general, detached houses are the dearest options and detached five-beds are averaging €561,000 and detached four beds, €468,000.

Four-bed terraced homes average €415,000 and four-bed semi-detacheds average €396,000.

Always popular, three-bed properties start at €216,000 for apartments; move to €329,000 for both three-bed detached homes and three-bed terraced homes and €342,000 for three-bed semi-detached homes.

The median price of a newly built home in Westmeath during 2025 was €317,000 – second lowest in the four midland counties, with Laois coming out on top at €360,000, then Offaly, on €320,000 and finally, Longford, on €278,725.

The report found that nationally, there were a total of 57,942 housing market transactions in the year to December 2025, up 2.5% in year-on-year terms.

The increase was driven entirely by newly-built homes (up 15% to over 13,000) – with the number of secondhand homes traded down 0.7%.

The increase in transactions of 1,430 was spread roughly evenly across Dublin, Leinster, and Munster (outside the cities) – the four major cities other than Dublin saw a small fall offset by a small increase in Connacht-Ulster.

In his commentary on the report, economist Ronan Lyons wrote that Ireland’s housing market entered 2026 with a noticeably different dynamic to recent years: “While prices are still rising, the rate of increase has slowed across both listed and transaction price measures, marking the clearest sign yet of a market moving away from the acute overheating seen since the pandemic,” he stated.

“Crucially, however, this is not a uniform cooling. Instead, a more nuanced pattern is emerging, with signs of stabilisation appearing first in urban markets.”

Mr Lyons said that at the same time, availability has improved.

He continued by stating that in recent quarters, a growing cohort of homeowners has rolled off fixed-rate mortgages taken out during the interest rate shock of the early 2020s.

“As these borrowers exit fixed terms, the financial and contractual barriers to moving ease, allowing more households to list their properties,” he said..

“The result is a gradual but meaningful increase in second-hand supply, feeding directly into improved availability and softer price pressures.”