The average cost of a house in the Midlands is just under €250,000

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This is an increase of 9.7% compared to the same period last year.

The average cost of a house in the Midlands is just under a quarter of a million euros.

That’s a 9.7% increase on the same period last year, according to the latest daft.ie housing price report.

The average cost of a house in each of the Midlands counties continues to rise.

Daft.ie figures for July to September 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.

This is an average increase of almost 10% compared to the same period last year, with Laois registering the largest increase of 10.5%.

There was, however, a minimal increase on a quarterly basis, with the average cost of a house in the Midlands increasing by less than 1% (€2,234) compared to the second quarter of 2022.

The number of ‘new home transactions’ has also risen from 65 in the third quarter of 2021 to 155 this year – more than half of them (93) in Offaly.

The new report from daft.ie shows that the average price of a house nationwide is over €311,500.

Report author Ronan Lyons says house prices have remained relatively flat because few people want to buy:

Mr Lyon’s added that the more homes on the market, the easier it is to meet demand:

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