Three-bed semis in Cavan and Monaghan averaging €200-205K

Property prices in Cavan have fallen by €6,975 in the last year, while Monaghan prices have fallen by €5,000 over the same period. That’s according to the latest MyHome Property Price Report.

The report for the first quarter of 2026, in association with Bank of Ireland, shows that the median asking price for a property in County Cavan is now €222,500 (down €2,500 over the quarter) and remained at €195,000 in County Monaghan for the first three months of the year.

Asking prices for a three-bed semi-detached house in Cavan rose by €10,000 in the last year to €205,000. This means prices stayed flat over the quarter.

For the same property type in Monaghan, the price fell by €5,000 in the last year to €200,000 but regain ed that value in the first quarter.

Meanwhile, the asking price for a four-bed semi-detached house in Cavan fell by €6,250 in the last year to €225,000. This price fell by €5,000 over the quarter.

In Monaghan, prices for four-bed semis grew over the past year by €25,000 to €275,000; with the prices rising by €8,000 alone over the last quarter.

The report recorded 163 properties for sale in County Cavan at the end of March 2026 - a decrease of 21% over the quarter.

Supply was even tighter in the Farney county where 93 properties were recorded for sale - down six per cent in the first three months of 2026.

The average time for a property to go ‘sale agreed’ in both the Cavan and Monaghan markets now stands at just over three months.

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Nationally, the quarter report shows that asking prices rose by one per cent in the first quarter of 2026, a relatively sedate rise ahead of the summer trading season. Hence, the annual rate of inflation slowed again, to 4.7% in the first three months of the year, down for a fifth consecutive quarter from the 8.4% peak at end-2024.

The author of the report, Conall MacCoille, Chief Economist at Bank of Ireland, said: “While this slowdown is evident in the mortgage market – particularly among first-time buyers – competition among buyers is still intense, with the median transaction price still seven per cent over the original asking price and the median property taking just one month to go sale agreed.”

He said that a notable feature of the Irish housing market in 2026 will be “elevated” numbers of small landlords in the private rented sector leaving that market and selling their properties. The catalyst for this, according to MacCoille is new stricter regulations and the introduction of six-year minimum tenancies.

Residential Tenancies Board (RTB) data show there were 10,612 notices-of-termination received in the second half of 2025, up almost 40% on the year before.

“These home sales may add significantly to market liquidity in 2026. However, overall transaction levels could be further depressed by another contraction in the number of owner-occupiers moving homes,” said the author.

MyHome.ie is forecasting for 37-38,000 housing completions in 2026.

“We are also mindful the recent surge in Brent oil above $100 per barrel will feed through into build cost inflation – potentially adding another headwind to the construction sector,” continued MacCoille.

The outlook for house prices inflation, according to the report, is for the pace to continue to slow.

“Stretched affordability now appears to be leading to more subdued gains in Irish house prices, closer to the current pace of pay growth. We expect the CSO’s official measure of transaction price inflation to slow to four per cent by end-2026,” said MacCoille.

Joanne Geary, Managing Director of MyHome, said: “While a predicted surge in small landlords exiting the private rental sector is clearly bad news for the rental sector as a whole, this could boost housing transactions this year by three per cent, which could provide some much-needed liquidity in a very tight market.

“As has been the case for some time now, more supply is critically important for our property market. We would hope to see homebuilding figures and overall investment in the sector continue to improve on the back of recent policy changes from the Government.”