Daft.ie report reveals pace of house price increases in Louth

The average list price for a house in Louth rose another 6.1% in the past year and now stands at €219,317, according to the Daft.ie Irish House Price Report Q3 2024, released on Monday.

In Leinster, the only county to see a higher annual rise was Westmeath at 6.5%. On a quarterly basis, the average price rose 3.6%, and is also up 39% since pre-covid.

The report also reveals that the median price of a newly built home in Louth, from January to June 2024, was €364,999. The average list price for different sizes of homes in Louth and the annual change in each is as follows:

• One bed apartment - €116k - down 1.8%
• Two bed terraced house - €168k - up 7.1%
• Three bed semi- detached house - €223k - up 6.3%
• Four bed bungalow - €431k - up 1.8%
• Five detached house - €453k - up 10.3%

The latest report noted that the supply of second hand homes across Leinster (outside Dublin) has shrunk significantly. There were almost 3,000 second-hand homes for sale in Leinster on September 1st, down 16% on the same date a year ago and about half the 2015- 2019 average of over 5,800.

Transactions were also down in Leinster (outside Dublin), with just over 9,300 transactions in the six months to March 2024, down 7% on the same period a year before.

Nationally, the average listing price for a home has gone up to €344,828, up 3.1% between June and September 2024, and up 6.2% year on year. The total number of second-hand homes available to buy on September 1st was 11,861, down 12% on the same date last year and less than half the 2015-2019 average of 24,700..