Belfast Housing Market Update: Q3 2025 – Resilience Holds Firm
Belfast Sales Market: Demand Outpaces Supply
The property market across Northern Ireland continues to show impressive strength, with 6,996 properties reaching ‘sale agreed’ in Q3 — up 5% on Q3 2024 and 8% above the 2016–2019 average.
Belfast remains the engine of activity, accounting for an estimated 1,083 of these transactions and securing six of Northern Ireland’s top 15 selling zones:
- Botanic – 242 sales (South Belfast: popular university area with strong student and young professional demand)
- Titanic – 219 sales (East Belfast: modern waterfront developments in the Titanic Quarter)
- Castle – 177 sales (North Belfast: includes Cavehill, Antrim Road, and the Shore Road corridor)
- Ormiston – 172 sales (East Belfast: established, affluent neighbourhoods around Belmont and Stormont)
- Balmoral – 152 sales (South Belfast: Malone, Lisburn Road, and nearby residential streets)
- Lisnasharragh – 142 sales (East/South Belfast: Castlereagh, Cregagh, and Woodstock areas)
Faster Sales, Fewer Reductions
Homes are selling faster than ever.
Across Northern Ireland, the average time to ‘sale agreed’ is now 45 days for houses (compared with 60 days pre-pandemic) and 50 days for apartments (down from 63 days).
While Belfast-specific averages aren’t published separately, leading zones such as Botanic and Titanic often see homes reach ‘sale agreed’ in just 30–40 days, driven by strong competition and limited supply.
Sustained Buyer Demand
The data paints a clear picture of ongoing momentum:
- PropertyPal search traffic rose +5% in Q3
- Estate agent enquiries increased +16% over the past three months
Only 4% of listings required an asking price reduction — matching long-term norms and reflecting strong seller confidence
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Price Stability Across a Growing Region
Belfast’s average sale price now stands at £215,957, representing steady price stability following the heat of Q2. Surrounding commuter areas, however, continue to see healthy growth:
Lisburn & Castlereagh – £275,645 (+7.3% YoY)
Ards & North Down – £286,767 (+7.5% YoY)
Meanwhile, new Belfast listings totalled approximately 1,340 (down 1% YoY) — keeping supply tight and supporting swift sales across all price bands.
See the full PropertyPal report for Q3 2025 here.
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