The price of the average second-hand three-bed semi in County Mayo has risen by 27% in the last 12 months, according to the latest Real Estate Alliance survey.
The average three-bed semi in the county is now selling for €245,000, an increase of 2pc in the first three months of this year, the Q1 REA Average House Price Index shows.
This compares to selling prices of €192,500 in March 2024, with increases driven by an acute lack of supply across 2024.
The survey shows that across the county, 75pc of purchasers were first-time buyers, while a total of 10pc 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 2.5pc in the past three months to €338,847, and 10pc overall annually.
The absence of new home building, and historically low supply has seen three bed semi-detached homes in parts of Donegal, Kerry, Mayo, Offaly and Roscommon increase by over 23pc in the past year.
Homes in commuter counties rose by 1.9pc over the past three months to an average of €350,278, an annual rise of 9pc.
