Tipperary House Price Survey December 2024

The price of the average second-hand three-bed semi in Co Tipperary is predicted to increase by 6pc 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 11pc 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 to 2024 to €275,000, up 10pc 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,” said 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 5.3pc from €247,000 in December 2023.

“An estimate of fifteen three-bed semi homes were available for sale in Nenagh in 2024, and rarely more than one at once,” said 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 17.2pc in 2024 to €290,000, from €247,500 in December 2023.

“The lack of supply on the market is still an issue,” said Seamus Browne of REA Seamus Browne, Roscrea, which saw prices rise to €220,000 in 2024, up 12.8pc 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 16pc.

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

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

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

Actual selling prices in Dublin city rose by 1.8pc 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 2pc to €348,000 in the last three months – an annual rate of increase of 7.7pc, with agents predicting a further 9pc rise in 2025.

Homes in the country’s large towns continue to show the biggest growth nationwide, up 11.5pc on last September and 2.6pc this quarter to an average of €249,448.

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