Tipperary house prices continue to rise with no end in sight according to latest figures

Average house prices nationally have risen by €3,500 per month since the end of June

placeholder image — Average house prices nationally have risen by €3,500 per month since the end of June

Tipperary house prices rise by over 3% in three months

The price of the average second-hand three-bed semi in County Tipperary has increased to €251,250, up 3.1% from €243,750 over the last three months, according to a national survey conducted by Real Estate Alliance.

Across the Premier County, the average time taken to sell currently sits at four weeks, the Q2 REA Average House Price Index shows.

The survey shows that across Tipperary, 74%of purchasers were first-time buyers, and 18% were from outside of the county.

A total of 29% of sales in the county this quarter were attributed to landlords leaving the market.

Average prices in Newport rose by 3.8% this quarter to €275,000, while Nenagh prices rose by 3.8% to an average of €275,000.

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.