REVEALED: Tipperary house prices surge in three month period

The price of the average second-hand three-bed semi in County Tipperary has increased to €266,250, up 1.9% from €261,250 in the past three months, according to a national survey by Real Estate Alliance.

Across the county, the average time taken to sell is currently four weeks, the Q1 REA Average House Price Index shows.

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Average prices in Newport were up 3.6% this quarter to €285,000, with time on the market currently four weeks.

“We foresee that in the current market, supply will be the biggest issue,” said James Lee of REA John Lee, Newport.

Clonmel average prices rose by 1.9% this quarter to €265,000.

“With the shortage of second-hand three-bed semis coming to the market, demand is still outstripping supply,” said John Stokes, REA Stokes & Quirke Clonmel.

“The time that these houses are on the market is shortening, and thankfully we are starting to see some new build three-bed semis starting to come on the market.”

Nenagh prices rose 1.7% this quarter to 295,000, with time to sell this quarter just a fortnight, while average prices in Roscrea this quarter were unchanged at €220,000, with time to sell currently six weeks.

“Major lack of supply continues to be the trend in the early part of 2025,” said Seamus Browne of REA Seamus Browne, Roscrea.

The survey shows that across the county, 74% of purchasers were first-time buyers, while a total of 35% of sales in the county this quarter were attributed to landlords leaving the market.

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Additionally, agents across the county reported that the BER ratings of properties saw A-rated properties command 10pc price increases in comparison to comparable C-rated properties.

The REA Average House Price Index concentrates on the sale price of Ireland's typical stock home, the three-bed semi, giving an accurate picture of the second-hand property market in towns and cities countrywide.

The actual selling price of a three-bed, semi-detached house across the country rose by 2.5% in the past three months to €338,847, and 10% overall annually.

Three-bed semis in Dublin’s suburbs are reaching sale agreed in days as a wave of mortgage approved buyers turn their focus from apartments to family homes, the survey has found.
Actual selling prices in Dublin city rose by 3pc in the last three months, and the average three-bed semi in the capital is now selling at €558,250 – a rise of almost €50,000 in the past year.

Prices in the major cities outside the capital rose by an average of 3pc to €355,250 in the last three months – an annual rate of increase of 8pc.

Homes in the country’s large towns continue to show the biggest annual growth nationwide, 2.9pc this quarter and 13pc on last March to an average of €256,576.

The absence of new home building, and historically low supply has seen three bed semi-detached homes in parts of Donegal, Kerry, Mayo, Offaly and Roscommon increase by over 23pc in the past year.

Homes in commuter counties rose by 1.9pc over the past three months to an average of €350,278, an annual rise of 9pc.