The price of the average second-hand three-bed semi in County Cavan has increased to €212,500, up 4.9pc from €202,500 in the last three months, according to a national survey by Real Estate Alliance.
Over the last three months, the average time taken to sell across the county was reported at four weeks, the Q2 REA Average House Price Index shows.
Ballyconnell prices rose 5.4pc this quarter to €195,000, while prices in Cavan town rose 4.6pc to €230,000 during this period.
“We are dealing with very limited supply, which means steady and substantial demand in the county,” said James Spring of REA Donohoe Spring.
“Buyers should be prepared for quick sale times and consistently increasing prices.
"There are very few new builds available, but they would generally go for about €100k higher when compared to second hand stock.”
The survey shows that across the county, 65pc of purchasers were first-time buyers, while a total of 33pc of sales in the county this quarter were attributed to landlords leaving the market.
Additionally, agents across the county reported that the BER ratings of properties saw A-rated properties command 50pc price increases in comparison to comparable C-rated properties.
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.
The actual selling price of a three-bed, semi-detached house across the country rose by 2.7pc in the past three months to €347,912, and 10.3pc overall annually.
While actual selling prices in Dublin city rose by 2.6pc in the last three months, REA agents have noticed fewer first-time buyers at recent viewings.
The average three-bed semi in the capital is now selling at €572,693 – a 9pc annual rise of almost €50,000.
The country’s biggest rises this quarter came in the commuter belt, as selling prices increased by 3.1pc to €361,319.
The commuter belt increases were particularly felt in Kildare, where Newbridge, Naas, Maynooth and Celbridge all experienced three-monthly price rises of 5pc.
Homes in Cork city hit €400,000 for the first time as prices in the major cities outside the capital rose by an average of 1.5pc to €360,605 in the last three months – an annual rate of increase of 8pc.
The REA survey found that properties with a BER rating of A commanded an average 16pc premium over C-rated stock.