Tipp housing market ‘settling slightly’
The price of the average second-hand three-bed semi in county Tipperary rose by 1.3pc to €290,000 in the last three months, according to the latest REA national survey.
Across the county, the average time taken to reach sale agreed was three weeks, the Q2 REA Average House Price Index shows.
Average prices in Newport were steady at an average of €315,000 this quarter, with time on the market averaging at three weeks.
“Market prices seem to be settling slightly, although we are still seeing good demand,” said James Lee of REA John Lee, Newport.
Clonmel average prices rose by 1.8pc to an average of €285,000 this quarter, with time to sell currently four weeks.
“Shortage of houses for sale and for rent is still a major issue,” said John Stokes, REA Stokes & Quirke Clonmel. “We are finding that many small landlords continue to exit the market, and that some of these properties which require modernisation and upgrading, including energy upgrading, are proving to be a little bit slower to sell.
“Purchasers are conscious of the rising cost of building materials and rising energy costs. We are experiencing strong demand across all sectors for properties, with demand continuing to outstrip supply, especially for detached houses.”
NO PRICE CHANGE IN NENAGH
Nenagh prices rose 1.6pc to an average of €310,000, with time to sell this quarter currently averaging at three weeks.
“We have seen practically no price change in the past 12 months,” said Eoin Dillon of REA Eoin Dillon Nenagh. “Most semi-detached homes coming to market in the area are four-bedroom.”
Average prices in Roscrea rose 2pc this quarter to an average of €250,000, with time to sell currently five weeks. “The lack of supply in the market is still an issue,” said Seamus Browne of REA Seamus Browne, Roscrea.
The survey shows that across the county, 75pc of purchasers were first-time buyers, while a total of 33pc of sales in the county this quarter were attributed to landlords leaving the market.
Additionally, agents across the county reported that the BER ratings of properties saw A-rated properties command 15pc price increases in comparison to comparable C-rated properties.
The REA Average House Price Index concentrates on the actual 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.
In what is becoming the great house condition divide, homes that require upgrade works are sitting on the market while bidders concentrate on ready-to-enter properties, according to REA agents.
The actual selling price of a three-bed, semi-detached house across the country rose by 0.9pc in the past three months to €367,988 – the first time the quarterly rate of increase has been under 1pc in over two years. This represents a 5.8pc annual rise – slowing gradually from the 8.7pc increase registered at the end of 2025.