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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

£403,370
£199,355

Average new build price achieved last 12 months

£494,035
£291,481

Average price per square foot

Resale
New builds
£403
£400
£331
£401

Average price change – all properties per square foot

1 year
5 years
10 years
2%
17.9%
51.5%
-0.5%
4.2%
32.9%
Total value, new homes sold herein the last 12 months£381m
Total value, new homes sold in East of England and England & Wales in the last 12 months£1.382bn£13.37bn
Number of new homes built across ESSEX
33,977
6,795

Breakdown of new homes sales by property type

in the last 12 months

Detached
56%
Semi-detached
20%
Terraced
5%
Flat/Apartment
19%
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