The figures, for the October to December period, which were released on February 17, show a 3 per cent rise from the previous quarter, with an increase of 5.3 per cent when compared to the same period in 2019.
But what type of property would the average price buy you in different parts of the country?
Here, we take a look at houses currently on the market for around £147,500 in each local authority area of Northern Ireland.
5. Causeway Coast and Glens
Three bed detached bungalow on Castlehill Place, Ballymoney. Average house price in Causeway Coast and Glens - £161,747. Photo: McAfee Properties
6. Derry City and Strabane
Four bed mid townhouse off Rock Road, Derry/Londonderry. Average house price in Derry City and Strabane - £130,014. Photo: Donnybrook Estate Agents
7. Fermanagh and Omagh
Three bed detached bungalow on Mullaghmeen Road, Enniskillen. Average house price in Fermanagh and Omagh - £134,513. . Photo: Eadie, McFarland & Co
8. Lisburn and Castlereagh
Two bed detached house in Thaxton Village, Lisburn. Average house price in Lisburn and Castlereagh - £174,148. Photo: Bill McCann Estate Agency