The latest CSO Residential Property Price Index report for September found this significant increase, with prices in Dublin rising by 11.5% and prices outside Dublin increasing by 13.2%.
The report also shows that in the last eight years, house prices across the state have increased by an incredible 106.5%.
Sinn Féin representative Eoin Ó Broin TD has criticised the government for failing to deliver affordable home due to this "continued, unsustainable rise" in house prices.
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The Dublin Mid-West TD said: "Despite all this government's rhetoric about supporting homeownership, they only invested a miserable additional €60m in its affordable purchase fund in Budget 2022.
"This will fund around 600 new affordable purchase homes next year. This is clearly both inadequate and unambitious.
"If this government was serious about reducing house prices, it would prioritise investment in the large-scale delivery of affordable homes to rent and buy and abandon its developer driven supply side schemes.
"Sinn Féin in government would prioritise the delivery of 2,000 genuinely affordable purchase homes a year as part of an overall investment of €3bn in public housing in 2022."
