Armagh City house prices rise 1.5% in past year, PropertyPal reports
The average house price across the borough now stands at £207,728, while there were 685 reported sales recorded throughout the third quarter of 2026, according to PropertyPal's latest report.
House prices across Armagh City, Banbridge and Craigavon have increased by 1.5% over the past year, according to the latest quarterly housing market update from PropertyPal.
The average house price across the borough now stands at £207,728, while there were 685 reported sales recorded throughout the third quarter of 2026.
The local figures come as PropertyPal's latest report shows continued growth in Northern Ireland's housing market overall. Across Northern Ireland, the average property price has risen by 3.6% over the past year, adding almost £9,000 to the value of the average home and bringing the average house price to £240,988.
Despite a slight slowdown in sales activity compared with the same period last year, buyer demand remains strong, with properties taking an average of 45 days to reach sale agreed status.
Commenting on the findings, Jordan Buchanan, Chief Executive of PropertyPal, said Northern Ireland's housing market continues to perform strongly despite increasing economic uncertainty.
"Northern Ireland remains a bright spot in a weakening UK housing market. Local prices are up 3.6% over the past year, adding around £9,000 to the average home value. Sales activity has eased slightly, with 6,600 sales agreed over the last three months compared to 7,000 a year ago, but demand indicators remain strong: homes are typically finding a buyer in 45 days, and enquiries per listing are 4% above the five-year average.
"However, economic uncertainty has escalated across the UK in recent months, and with markets now expecting the Bank of England to raise rates before the end of the year, mortgage costs have started to edge up. Buyers are likely to become more cautious as a result, and the Autumn Budget on 28 October adds another variable.
"For now, Northern Ireland is well placed to continue its recent run of sustainable growth in prices and sales. But the macroeconomic headwinds are building and are expected to weigh on the market later this year."
The report also highlights continued pressure within the rental sector, where demand remains high despite signs that the market has cooled from the peaks experienced in recent years.
Mr Buchanan said: "Rental demand remains exceptionally high, though it has gradually cooled from the peaks of a couple of years ago. There were 67 enquiries per rental listing, the strongest quarter of 2026 so far. Rents are up 3.6% on last year to £1,023 a month, adding around £35 a month for the typical tenant, with house rents (+4.3%) rising faster than apartments (+2.5%).
"Rents have risen in every part of Northern Ireland, with the fastest growth outside Belfast, where Newry, Mourne & Down and Causeway Coast & Glens are both up more than 6%. Houses are typically being let in 29 days, faster than both last year and the long-term average.
"Supply remains tight but is improving, with around 5% more rental properties added to the market than a year ago. Rising mortgage rates are likely to add further demand in the coming months, as some would-be buyers hold off and keep renting."
The figures suggest the housing market in Armagh City, Banbridge and Craigavon remains relatively stable, with modest annual price growth and healthy levels of sales activity despite wider economic challenges.