Average Cost Of Home In The Midlands Sitting Just Under €250,000

Monday, 26 September 2022 11:18

That's a 9.7% increase on the same time last year.

The average cost of a home in the midlands stands at just under a quarter of a million euro.

That's a 9.7% increase on the same time last year, according to the latest daft.ie Housing Price Report.

The average cost of a home across each of the midlands counties continues to rise.

daft.ie figures for July to September of this year show Westmeath remains the most expensive in the region at almost €262,000, followed by Offaly at €242,000, and Laois at €239,000.

That's an average increase of almost 10 percent on the same time last year, with Laois recording the steepest rise of 10.5 per cent.

There's been a minimal increase on a quarterly basis though, with the average cost of a home in the midlands increasing by less than 1% (€2,234) from Quarter 2 of 2022.

The number of 'new home transactions' has also jumped from 65 in Quarter 3 of 2021 to 155 this year - with over half of those (93) in Offaly.

daft.ie's new report shows the average price of a home nationally is over €311,500.

The report's author, Ronan Lyons, says house prices have stayed relatively flat as not as many people want to buy: