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Dundalk house prices jump by another €4,000 in January

Dundalk house prices jump by another €4,000 in January

The average price of a house in Dundalk grew by a further 2.1% in January and is now more than €26,600 dearer than it was just nine months ago.

The latest Residential Property Price Index from the Central Statistics Office (CSO) shows that the average house price in the town for the year to January now stands at €190,714.

This is up on the average price of €186,726 recorded in December, when prices were up 0.9%. This means prices have risen by almost €4,000 (€3,988) in the first month of the year compared with the last month of last year.

The latest increase means that the average house price in Dundalk is at its highest level since the CSO began to monitor prices by Eircode. Prices are up 16.3% since April when the average price stood at €164,026.

In Co Louth as a whole the average price was up 1.4% in January to an average of €194,933 from €192,281 in December.

This was helped by the continued increase in the average asking price in Drogheda which was up 1.3% for the second consecutive month to €224,644 from €221,795 in December.

The median price in Dundalk jumped by €2,500 in January at €177,500 while in Drogheda it was up €4,713 to €218,000. The median price for Co Louth jumped by €1 to €180,000.

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