Rise in Tipp house prices for ’25

The price of the average secondhand three-bed semi-detached house in Co Tipperary is predicted to increase by 6% in 2025, according to a national survey by Real Estate Alliance.

Three-bed semi-detached homes in the county now cost an average of €261,250, up 11% on the December 2023 average of €234,875, the Q4 REA Average House Price Index shows.

“Supply continues to be an issue, which we do not see improving in the short term,” said James Lee of REA John Lee, Newport.

Newport prices rose in 2024 to €275,000, up 10% from €250,000 in December 2023.

“With the current severe shortage of houses, coupled with the fact that there are currently no new first-time buyer price range houses being built in Clonmel, we are projecting that demand will continue to outstrip supply,” added John Stokes, REA Stokes & Quirke Clonmel.

“When one takes the continued rise in material and labour costs, this only adds to the price inflation being experienced.”

In Clonmel, prices rose to €260,000 in 2024, up 5.3% from €247,000 in December 2023.

“An estimate of 15 three-bed semi homes were available for sale in Nenagh in 2024, and rarely more than one at once,” commented Eoin Dillon of REA Eoin Dillon Nenagh.

“All were being bought by owner occupiers, with very few buyers being originally from the town.

“Prices in Nenagh rose 17.2% in 2024 to €290,000, from €247,500 in December 2023.

“The lack of supply on the market is still an issue,” pointed out Seamus Browne of REA Seamus Browne, Roscrea, which saw prices rise to €220,000 in 2024, up 12.8% from €195,000 in December 2023.

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.

House prices in western counties increased at twice the rate of the east coast last year as buyers battle over the lowest supply on record, the survey found.

The absence of new home building, and historically low supply has seen three bed semi-detached homes in counties Clare, Donegal, Galway, Limerick, Mayo, Roscommon and Sligo increase by over €10,000 in the past 12 weeks - with an average annual rise of 16%.

This is twice the rate of increase in commuter counties, which rose by 7.5% over 2024.

The actual selling price of a three-bed, semi-detached house across the country rose by 2.1% in the past three months to €330,602, and 9% overall annually.

REA agents nationwide are predicting a 6pc rise in house prices in 2025.

Actual selling prices in Dublin city rose by 1.8% in the last three months, and the average three-bed semi in the capital is now selling at €542,000.

Prices in the major cities outside the capital rose by an average of 2% to €348,000 in the last three months - an annual rate of increase of 7.7%, with agents predicting a further 9% rise in 2025. Homes in the country’s large towns continue to show the biggest growth nationwide, up 11.5% on last September and 2.6% this quarter to an average of €249,448.

Homes in commuter counties rose by 2% over the past three months to an average of €343,778, an annual rise of 7.5pc.