Kildare House Price Survey September 2024

The price of the average second-hand three-bed semi in county Kildare has increased to €411,250, up 3.8pc from €396,250, according to a national survey by Real Estate Alliance.

This average increase of €15,000 puts Kildare above the €400,000 threshold, making it the first time a county outside of Dublin has done so, the Q3 REA Average House Price Index shows.

Prices increased across the county this quarter, with the average price in Maynooth rising by 3.5pc to an average of €440,000, average Celbridge prices rising 3.6pc to €435,000, Naas prices rising 5pc to an average of €420,000, and prices in Newbridge increasing by 2.9pc to €350,000.

“Lack of supply has shortened selling times, with prices rising steadily,” said Brian Farrell of REA Brophy Farrell.

"The Naas market has experienced a higher price increase than neighbouring Newbridge, with most listings achieving in excess of guide prices due to a lack of supply, but also because Naas continues to grow in popularity as a sought after residential location.

"Maynooth also continues to grow in popularity, with a steady rise in prices."

The survey shows that across the county, 70pc of purchasers were first-time buyers and 50pc of purchasers were from outside of the county.

A total of 5pc of sales in the county this quarter were attributed to landlords leaving the market.

The REA Average House Price Index concentrates on the 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.

The actual selling price of a three-bed, semi-detached house across the country rose by 2.7pc in the past three months to €323,741.

Time taken to reach sale agreed nationally has dropped to four weeks as low supply continues to drive sales.

A supply drought in Dublin has reignited the commuter property market as buyers battle to secure affordable family homes, the Index has found.

Frustration in the capital has led to the return of the previously unheated commuter market, which has risen by 2.9pc over the past three months to an average of €336,944.

And further afield, large towns such as Ennis, Tralee, Tullamore and Athlone have experienced previously increases of €20,000 in the past three months.

Actual selling prices in Dublin city rose by 1.3pc in the last three months, and the average three-bed semi in the capital is now selling at €532,333 – an annual increase of 7.4pc.

The number of sales in the capital due to landlords leaving the market has risen six points to 24pc in the past year, the Index revealed, but some areas are reporting a figure of over 50pc.

Prices in the major cities outside the capital rose by an average of 2.25pc to €341,250 in the last three months – an annual rate of increase of 7.5pc.

Homes in the country’s large towns continue to show the biggest growth nationwide, up 10pc on last September and 3.6pc this quarter to an average of €243,241.