Northern Ireland average house price – what can you buy

House prices in Northern Ireland have increased once again according to the latest figures released this week.

According to the report compiled by Land and Property Services in conjunction with NISRA, between October – December 2021 and January – March 2022 the house price index increased by 3.4%.

The average price for a house in Northern Ireland is now £164,590 and ranges from £145,741 in Derry City and Strabane to £189,968 in Lisburn and Castlereagh.

Read more: What the current average house price can get you across Co Tyrone

In the last year, 2021-2022, house prices in Northern Ireland have increased by 10.4%. Between January and March 2022, 5,436 residential properties were sold, according to the report.

The Index value for Q1 2022 for NI as a whole is 148.4 and ranges from 140.0 in Ards and North Down to 169.6 in Causeway Coast and Glens.

With that in mind, we’ve taken a look at what the current house prices are for each council area and what properties are currently on offer for that price.

Antrim and Newtownabbey

Index: 145.0

Quarterly Change: 2.5%

Annual Change: 8.6%

Standardised Price: £166,678

© Phantom Photography The Apartments at Loughshore Manor, Newtownabbey

So for example, you can buy an apartment in this new development on Shore Road, Newtownabbey for £165,000, so just under the current average price in the area.

The property is on the first floor and features 2 bedrooms and 2 bathrooms and is listed by Dougan Residential. You can view the full listing HERE.

Ards and North Down

Index: 140.0

Quarterly Change: 4.8%

Annual Change: 9.1%

Standardised Price: £187,947

House prices around the Ards and North Down area vary depending on whether you are interested in a home close to one of the main towns or if you prefer a more rural setting.

At present for under the standardised price, you could buy this three-bedroom home in Bangor for £185,000. It is situated within the Tadworth Development and features 3 bedrooms.

© Jim Heal 56 Tadworth, Bangor

It is currently listed by John Minnis Estate Agents and you can view the full listing HERE.

Armagh City, Banbridge and Craigavon

Index: 148.7

Quarterly Change: 4.7%

Annual Change: 14.0%

Standardised Price: £146,577

For just under the standard price, this three-bedroom semi-detached home in Craigavon was listed at £145,000 and is now sale agreed.

This modern home has off-street parking and a fully enclosed and well-maintained rear garden. It is currently listed by Hannath Estate Agents and you can view the full listing HERE.

Belfast

Index: 144.4

Quarterly Change: 3.0%

Annual Change: 6.8%

Standardised Price: £152,603

Property prices again vary across the Belfast council area, but for slightly over the average price at present, you could purchase this mid-terraced home which is situated just off the popular Lisburn Road and is on the market accepting offers over £155,000.

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The property has been recently refurbished and is ready for new owners to move into. The property is listed by Reeds Rains Estate Agents and you can view the full listing HERE.

Causeway Coast and Glens

Index: 169.6

Quarterly Change: 4.0%

Annual Change: 14.8%

Standardised Price: £183,110

Whether it’s a holiday home in Portrush or a family dwelling in Coleraine there are quite a few options in this area close to the standardised price of £183,110.

If your budget stretches a little further you can purchase this new build three-bedroom detached home in Limavady for just over the average for the area at £185,000. It is currently listed by Benson’s Estate Agency and you can view the full listing HERE.

Derry City and Strabane

Index: 153.9

Quarterly Change: 0.8%

Annual Change: 9.4%

Standardised Price: £145,741

There are plenty of properties on the market going for between £65,000 and £145,000. But if you have a little more in your budget then this semi-detached three bedroom home situated on the outskirts of Derry is on the market for £149,950.

Currently listed by Donnybrook Estate Agents you can view the full listing HERE.

Fermanagh and Omagh

Index: 159.9

Quarterly Change: 3.4%

Annual Change: 13.0%

House prices in this area average at £153,267 and for just under that you could purchase this home in Ballnamallard for offers over £150,000.

© McGovern Estate Agents Three bed detached on the market in Ballinamallard for over £150,000

It has plenty of space surrounding it including a garage and is within walking distance of shops, schools and local amenities. The listing agent is McGovern Estate Agents Limited and you can view the full property HERE.

You can view more homes on sale for the current average price in Co Fermanagh here.

Lisburn and Castlereagh

Index: 141.5

Quarterly Change: 2.7%

Annual Change: 7.9%

There are plenty of properties across the Lisburn district on offer and prices again depend on location,

For something under the current standardised price of £189,968, this property on the Hillsborough Old Road is up for sale priced at offers over £179,950.

This four-bedroom home is spacious and includes an additional side annex and yard. It is listed by Reeds Rains and you can view the full listing HERE.

Mid and East Antrim

Index: 146.6

Quarterly Change: 3.5%

Annual Change: 11.7%

House prices in Mid and East Antrim are averaging at £151,794 for the last quarter and there are several homes on the market that match that price.

This detached property on the Fenaghy Road in Galgorm, Ballymena is situated on its own grounds with a spacious garden to the rear and is ideal for first-time buyers or families as it is located close to many local amenities and schools.

It is listed for sale at offers around £150,000 and the listing agents are Homes Independent, you can view the f ull listing HERE.

Mid Ulster

Index: 142.7

Quarterly Change: 4.3%

Annual Change: 11.8%

Standardised Price: £159,605

At pretty much exactly the average house price for the area is this three bedroom semi-detached bungalow in Cookstown.

© Maneely & Co On the market for just under £160,000 in Cookstown

It has a fairly central town location and quite a bit of space in its back garden for £159,950. It’s currently listed by Maneely & Co and you can view the full listing HERE.

Newry, Mourne and Down

Index: 157.1

Quarterly Change: 3.1%

Annual Change: 13.5%

Across Newry, Mourne and Down the average price at present is £176,796 and for that, you could buy this three-bedroom home in Newry, which is just over the current standardised price at £177,000.

Situated off the Armagh Road in Newry, this semi-detached bungalow is located convenient to local amenities including schools, and shops. It is listed by Hanna Hillen Estates and you can view the full listing HERE.

Read more: What the current average house price can get you in Derry

Read more: Impressive £875k NI home on the market with swimming pool complex and cinema

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