The latest Daft.ie sales report shows that the average asking price of a house in Laois is now €243,000, 2% higher than what it was 12 months ago.
This is compared to a rise of 8% seen a year ago. The average price of a home is now 14% below its Celtic Tiger peak.
The figures are for the fourth quarter of 2023 and there are signs that the market is beginning to stabilise.
This is because nationally they rose by an average of 3.4%, the smallest increase since 2019, according to the latest Daft.ie House Price Report.
The number of homes available to buy nationwide on December 1 stood at just over 11,100.
This is down 27% year-on-year and is the lowest since March 2022.
It is also less than half the 2019 average of 24,200. The fall in availability, which started in the middle of the year, can be seen in all major regions of the country, although it’s proportionately largest in Dublin (down 33% year-on-year).
In Laois, the cost of a one bedroom apartment is now €90,000 (down 10.6% from the same point last year) and down €1,000 from three months ago.
A two-bedroom terraced house is €131,000 (up 2.4%) but no change from three months ago.
€186,000 (up 4.8% but a €2,000 decrease from three months ago) is what a three-bedroom semi detached house will set you back.
The average four-bedroom bungalow is €349,000 (up 1.1%) but €10,000 cheaper than three months previous.
While the average five-bedroom detached house is €373,000 (up 12.7%) and up €4,000 from three months ago.
The typical listed price nationwide in the final three months of the year was €320,046, 1.5% lower than in the third quarter and roughly 14% below the Celtic Tiger peak.
There remain significant differences in price trends across the country.
Prices in Dublin rose by an average of 2% during 2023, while in the rest of Leinster, the increase was 0.8%. Cork City saw prices rise by 3.7% during the year, while Galway city saw an increase of 4.1%.
Increases in Waterford and Limerick cities were larger, though, at 6.1% and 9% respectively.
Outside the cities, prices were 6.8% higher in Munster and 8.3% higher in Connacht-Ulster in the final quarter of 2023 than a year previously.
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