Housing Stock in Midlands Decreases While House Prices Increase

The figures come from MyHome's Property Report for Q4 of 2024.

House prices continue to rise in the Midlands - with the median asking price now over €237,000.

The figures come from MyHome's Property Report for Q4 of 2024.

Housing stock in Laois and Offaly has gone down by 7% and 5% respectively - with a slight increase of 2% in Westmeath.

The highest increase in median asking price at just under €260,000 is also in Westmeath, an increase of 15.3% from the same time last year.

While in Offaly the price has risen to €230,000 and Laois has also seen a 7.5% increase to €215,000.

On the other side of the market, sellers are now waiting an average time of nearly 4 months in Offaly for their property to go on sale.

It's a much shorter wait in Laois at two and a half months and in Westmeath at nine weeks.

Nationally, the average asking house price now stands at €365,000 , up by 8.4% with the average time to sale at just three months.

Asking prices for semi detached houses in the Midlands rose significantly towards the end of last year - with an increase of €30,000 alone in Offaly.

A 4 bed semi detached property set buyers back €280,000, an increase of 12% quarter on quarter in 2024.

In Laois, prices rose by 5.2% to €249,500 while Westmeath is the most expensive county in the region to buy a house at €287,500, despite prices only going up by 3.6%.

Economist Conall Mac Coille says loosening amounts available to first time buyers was a key factor:

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