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Massive Increase In Midlands House Prices Since Last Year

The latest Value My Home report has revealed harrowing news for prospective home buyers in the region.

Offaly is one of the only counties in the country to see a reduction in house prices since last quarter.

The latest Value My Home report has shown the average cost of a home in the midlands is around €230,000.

The average price of a home in Offaly is €225,000, a decrease of €3,000 from last quarter, but a massive increase of €55,000 from this period last year.

The increase in Westmeath is less significant, up €32,000 from last year to €238,000 in the third quarter of 2022. 

The average price of a home in the county, however, is the most expensive in the region.

Laois has seen the smallest jump between the three counties, at €229 this year, an increase of €20,000 from 2021.

There were 300 homes sold in Westmeath in the third quarter of this year, the most in the region. This is also the highest jump year-on-year in home sales in the country.

There were 260 homes sold in Laois, and 241 in Offaly.

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