The price of the average second-hand three-bed semi in Co Cavan has risen by €12,500 to €225,000 in the last three months.
That's according to a national survey by Real Estate Alliance.
This represents a 5.9pc rise in actual selling prices this quarter, and an annual increase of 20pc.
A third of all sales in the last quarter were due to landlords exiting the market.
Prices in Cavan town rose by 8.7pc in the past three months, with demand being driven by a lack of supply according to James Spring of REA Donohoe Spring.
According to Mr Spring, there is still high demand in Cavan Town and more new builds coming on stream should help to stabilise the market.
In Ballyconnell, average prices rose by 2.5pc to €200,000, with homes reaching sale agreed in five weeks.
Prices are still increasing with many exceeding the average.
The survey found that there is still a limited supply, and there are very few new builds in the Ballyconnell office area but those few that are available are significantly higher priced than second hand stock.
