Carlow house prices rose by €2.5k in quarter four of 2024

PROPERTY PRICES in Carlow rose by €2,500 during the final quarter of 2024, according to the latest MyHome Property Price Report.

The report for the fourth quarter of 2024 shows that the median asking price for a property in the county is now €257,500 – €8,000 higher than this time last year. Asking prices for a three-bed semi-detached house in the county rose by €12,500 over the quarter to €246,250, an increase of €16,750 when compared with the final quarter of 2023.

The asking price for a four-bed semi-detached house in Carlow rose by €10,550 over the quarter to €279,500. This price is up by €7,000 compared with this time last year.

The number of properties for sale in Carlow by the end of 2024 also decreased, with only 106 for sale in the county by the end of the year, an 11% decrease.

The average time for a property to go ‘sale agreed’ in the county after being placed up for sale now stands at just over one-and-a-half months.

Author of the report Conall MacCoille, chief economist at Bank of Ireland, said “The message from this report is that pricing has retained its momentum and has still not softened, even as affordability has become stretched through 2024.

“Demand is still fierce in the market and has strengthened as the year has gone on. This demand has been impacted by rising mortgage approval values, and the first-time buyer market is particularly hot.” He added: “There are some modest signs of improvement. There were 6,400 new homes listed for sale in the first nine weeks of Q4 2024, up 8% on the same period of 2023, and housing completions in Q3 2024 were up 6% on the year to 8,900. Of course, the acid test will come in the spring, as new listings tend to start to accelerate ahead of next summer.

“Looking ahead to the rest of the year, the outlook is extremely uncertain. For now, we are sticking with our forecast for 42,000 housing completions next year, rising to 45,000 in 2026. We also expect a 4% rise in Irish house prices. However, if anything, this view could be too conservative.”