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Dundalk house prices rise €25,000 in the last year

Dundalk house prices rise €25,000 in the last year

The average price of a house in Dundalk continued to grow in August, with the cost now €25,000 more than it was this time last year.

The latest Residential Property Price Index from the Central Statistics Office (CSO) shows that the mean house price in the town now stands at €206,817.

This was up 2.1% on the figure of €202,657 recorded in July when prices reached their highest point this year.

The average price for a home in Dundalk is now up 13.8% from the level of €181,815 where it was in August 2017, representing an increase of €25,002. Prices are also 10.8% ahead of where they were at the start of the year at €186,726.

Prices in Louth also rebounded from a 0.1% fall in July to jump 1.5% from €206,196 to €210,259.

This was helped by the increase in price in Drogheda, which rose 0.7% in August from €238,045 to €239,690. This was still €38 less than where it was in June however.

The median asking price in Dundalk also rose by €7,499 to €199,999. Meanwhile in Drogheda it was up €1 to €240,000. In Louth it jumped €5,000 in August to €200,000.

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