House prices rise in Cavan and Monaghan

The price of an average second-hand, three-bed semi in County Cavan this year rose to €225,000; while in County Monaghan the new average is €250,000; with prices in both counties growing at a much higher rate than the national average, albeit from a lower base.

The figures were published in the latest national survey by Real Estate Alliance.

The average price buyers can expect to pay in County Cavan today is up from €192,500 at the end of 2024 by €36,500 or 16.9%.

While in Monaghan, the increase is less dramatic at 6.4%, but it is still significant to potential buyers who will have to fork out an additional €15,000 per house compared to 2024.

A closer study of the results shows that, in Ballyconnell, prices increased by 14.3% this year to an average of €200,000 per property.

As one might expect, prices in Cavan Town are higher with a second-hand, three-bed, semi now setting you back 19% more compared to 2024, or €250,000 total.

James Spring of REA Donohoe Spring in Ballyconnell reports that the “few new-builds available have been going sale agreed in the region of €320,000".

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.

Nationally, the actual selling price of a three-bed, semi-detached house across the country rose by 1.6% in the past three months to €359,417, according to the survey.

This represents an 8.7% overall rise annually – a gradual slowing from the 10.3% increase registered six months ago.

A recent rise in landlords exiting the housing market is set to sharply increase in the first months of 2026, according to agents.

The impending nationwide rent pressure zone at the end of February has seen a 38% annual increase in landlord sales in many areas now included in the legislation.

“The 2025 year was defined by limited supply and high demand,” Mr Spring said.

“We are seeing that cosmetic improvements yield higher prices for the same properties.”