Cavan House Price Survey March 2025

The price of the average second-hand three-bed semi in County Cavan has increased to 202,500, up 5.2pc from €192,500 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 is four weeks, the Q1 REA Average House Price Index shows.

Ballyconnell prices rose 5.7pc this quarter to €185,000, while prices in Cavan town increased to €220,000, up 4.8pc during this period.

“We are seeing a continuation of the same story this quarter – one of limited supply and increased demand,” said James Spring of REA Donohoe Spring.

“Most landlords who are selling have sold already.

“This quarter we had only four new builds in Ballyconnell, listed at €315,000 for an A-rated semi, compared to €215,000 for a C-rated, 18-year-old semi in the same estate, which makes them only affordable thanks to help-to-buy.

“We are seeing the same story in Cavan town, with limited supply, and very few new houses which are significantly higher priced than second hand.

“The second-hand stock in the county is good, and presentation is particularly important.”

The survey shows that across the county, 67pc of purchasers were first-time buyers, while a total of 40pc 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 30pc 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 2.5pc in the past three months to €338,847, and 10pc overall annually.

Three-bed semis in Dublin’s suburbs are reaching sale agreed in days as a wave of mortgage approved buyers turn their focus from apartments to family homes, the survey has found.

Actual selling prices in Dublin city rose by 3pc in the last three months, and the average three-bed semi in the capital is now selling at €558,250 – a rise of almost €50,000 in the past year.

Prices in the major cities outside the capital rose by an average of 3pc to €355,250 in the last three months – an annual rate of increase of 8pc.

Homes in the country’s large towns continue to show the biggest annual growth nationwide, 2.9pc this quarter and 13pc on last March to an average of €256,576.

The absence of new home building, and historically low supply has seen three bed semi-detached homes in parts of Donegal, Kerry, Mayo, Offaly and Roscommon increase by over 23pc in the past year.

Homes in commuter counties rose by 1.9pc over the past three months to an average of €350,278, an annual rise of 9pc.