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House prices in Kerry rose by over 5% in year

Sep 29, 2023 09:05 By radiokerrynews
House prices in Kerry rose by over 5% in year
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House prices in Kerry rose by over 5% in a year.

That’s according to the Daft House price report for the third quarter of this year.

The report is an analysis of recent trends in the Irish residential sales market.

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The report shows that the average price of a home in Kerry is almost €270,000 (€269,736); that’s a rise of 5.1% compared to the same period last year.

It’s also 13% below its Celtic Tiger peak.

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There was a 6.7% decrease in the price of one-bed apartments in the county, which now stands at €98,000, while the cost of two-bed terraced houses rose by 1.6% to €128,000.

The average asking price for a three-bed semi-detached house went up 5.7% in the year to €185,000.

According to the report a four-bed bungalow in Kerry now costs €334,000, a 4.2% increase on the same period last year, while five-bed detached houses in the county now cost €356,000; which is up 12% compared to the same time in 2022.

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The median price of a newly-built home in Kerry is now €334,825.

Nationally, between June and September, prices rose by an average of 1.1%.

The typical listed price nationwide in the third quarter of the year was €322,602, which is 3.7% higher than a year ago.

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