Average asking price of three-bed semi in Laois now €210,000
It takes nearly six and a half months for a property to go sale agreed according to report
The average asking price of a three-bed semi detached house in Laois is now €210,000, according to the latest property price report from MyHome.ie.
Asking prices for 3-bed semi-detached houses in the county rose by €10,000 during the first three months of 2024.
Across the board asking prices for properties in Laois have risen by €2,500 during the quarter.
There were 134 properties for sale in Laois at the end of Q1 2024 – a decrease of 22% over the quarter.
The average time for a property to go sale agreed in the county after being placed up for sale now stands at nearly six and a half months.
Meanwhile, the asking price for a 4-bed semi-detached house in Laois stayed flat over the quarter at €235,000. This price is down by €2,000 compared to this time last year.
In relation to the national picture, the author of the report, Conall MacCoille, Chief Economist at Bank of Ireland, said: “The message from this quarter’s MyHome.ie report is that the housing market is heating up again. MyHome asking prices rose by a solid 2% in the first quarter, with the annual inflation rate accelerating to 6.5%, its fastest pace in 18 months. Notably, Dublin – where valuations had become most stretched during the pandemic – is joining in the rebound, with annual asking price inflation of 7.2%.
“We can see that demand is particularly intense from transactional activity. The number of homebuyers (first-time-buyers and movers) rose to 44,100 in 2023, up 1.4% on 2022 and accounting for 71% of total transactions. This is the highest proportion of transactions accounted for by homebuyers since 2013. In contrast, household buy-to-let purchases fell by 9% in 2023, no doubt hurt by higher interest rates."