REVEALED: Price of average Leitrim house now €234,500

The price of the average second-hand three-bed semi in County Leitrim rose by 1.5pc to €234,500 in the last three months, according to the latest REA national survey.Across the county, the average time taken to reach sale agreed was five weeks, the Q3 REA Average House Price Index shows.“Demand remains strong in Leitrim, with larger houses doing well through the spring and summer,” said Joe Brady of REA Brady, Carrick-on-Shannon.“The construction cost of new houses is a factor in driving first-time buyers, who would have otherwise built new, back to the second-hand market.“More investor units have hit the market on the foot of the new tenancy regulations.“Price growth in this sector is not as strong as it is in others, with more volume hitting the market,” Joe added.Carrick-on-Shannon prices rose by 2.7pc this quarter to an average of €269,000, while Carrigallen prices were unchanged this quarter at €200,000.“We saw no ex-rental sales during this period, with very limited supply,” according to James Spring of REA Donohoe Spring, Carrigallen.“There are no new houses in Carrigallen due to lack of sewage capacity, and it will remain like this for several years. We imagine this must be the case for many small villages nationwide,” he added.The survey shows that across the county, 55pc of purchasers were first-time buyers, while a total of 33pc of sales in the county this quarter were attributed to landlords leaving the market.Additionally, agents across the county reported that the BER ratings of properties saw A-rated properties command 30pc price increases in comparison to comparable C-rated properties.The REA Average House Price Index concentrates on the actual 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 index shows that house price increases in Dublin have slowed to a halt over the past three months.The rate of increase in actual sales prices over the past quarter has decreased to 0.1% in the capital, compared with 0.8pc three months ago.The actual selling price of a three-bed, semi-detached house across the country rose by 0.6pc in the past three months to €370,293 – the first time the quarterly rate of increase has been under 1pc for two successive months in over two years.This represents a 4.7pc annual rise – slowing gradually from the 8.7pc increase registered at the end of 2025.The percentage of landlord sales across the country declined from 28pc to 25pc following the introduction of new rental legislation in March.The biggest quarterly price rises in the country came in the major cities outside Dublin. They collectively saw average growth of 1.54pc to €387,125 over the past three months, double that experienced in the previous three months.The largest annual price rises came in the country’s large towns, where the average home sale price increased by 6.2pc – 1.1pc in the past three months – to €289,136.