The average price of a second-hand, three-bed semi in County Tipperary rose by 1.8% in the first three months of the year, according to the latest national survey by Real Estate Alliance.
Three-bed homes in the county now cost €217,500, up from €213,750 in December 2022.
By concentrating on the actual sale price of three-bed semis, the survey provides an up-to-date picture of the second-hand property market in towns and cities countrywide.
Across County Tipperary, first-time buyers made up 63% of the market during Q1 with 10% of buyers coming from the cities.
In Nenagh, the average cost of the traditional three-bed semi is now €235,000, up 2.17% from €230,000 in the previous quarter.
The average price paid for a similar property in Roscrea this quarter was €185,000 and was unchanged from December 2022.
In Newport, the average cost of a three-bed semi is €230,000, up 4.55% from €220,000 in the previous quarter.
The average cost of a similar property in Clonmel remained the same at €220,000 from the previous quarter, with the time to sell also remaining unchanged at four weeks.
“There is no real change on the three-bed in south Tipperary, with a shortage of supply still causing problems,” according to John Stokes, of REA Stokes & Quirke in Clonmel although “the increase in mortgage interest rates is causing a slight cooling in the top end of the market.”
Across the rest of Ireland, the actual selling price of a three-bedroomed semi-detached rose by 0.6% over the past three months to €293,343 – representing an annual increase of 5.3%.
