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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

£401,169
£198,796

Average new build price achieved last 12 months

£493,404
£239,426

Average price per square foot

Resale
New builds
£401
£399
£330
£393

Average price change – all properties per square foot

1 year
5 years
10 years
0.9%
17.7%
54.7%
-2.1%
3.9%
36.2%
Total value, new homes sold herein the last 12 months£406.8m
Total value, new homes sold in East of England and England & Wales in the last 12 months£1.512bn£13.44bn
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
52%
Semi-detached
19%
Terraced
4%
Flat/Apartment
24%
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