The Central Statistics Office has launched a new interactive house price tool to accompany its recently launched Residential Property Price Index.

The new index covers all market transactions in the residential property market and the CSO said it measures price changes with greater accuracy.

The CSO said the new tool provides everyone from first time buyers and policy makers easy access to valuable information regarding the residential property market in a given area.

To use it, people can enter the first three characters of their Eircode or type in the name of their area. They can then compare the average price of residential property sold in their area over the last 12 months with the national average price. 

The volume of property sales is also presented by buyer type and whether the properties are new or existing. 

The new house price interactive tool is at http://www.cso.ie/en/interactivezone/interactivetools/housepricesbyeircode/.