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Source: Land Registry, MHCLG, Census 2021

What’s happening in the new homes market in ESSEX?

Comparing new and resale house prices in ESSEX

By property type

Houses
Flats/Apartments

Average resale price achieved last 12 months

£432,447
£203,119

Average new build price achieved last 12 months

£523,774
£293,928

Average price per square foot

Resale
New builds
£420
£398
£338
£417

Average price change – all properties per square foot

1 year
5 years
10 years
0.5%
11.6%
37.2%
-2.9%
-2.2%
16.1%
Total value, new homes sold herein the last 12 months£96.81m
Total value, new homes sold in East of England and England & Wales in the last 12 months£546.9m£8.142bn
Number of new homes built across ESSEX
15,093
3,019

Breakdown of new homes sales by property type

in the last 12 months

Detached
53%
Semi-detached
29%
Terraced
8%
Flat/Apartment
9%