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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

£403,677
£199,190

Average new build price achieved last 12 months

£489,237
£323,688

Average price per square foot

Resale
New builds
£403
£393
£330
£427

Average price change – all properties per square foot

1 year
5 years
10 years
1.7%
17%
48.7%
-0.8%
3.8%
30.5%
Total value, new homes sold herein the last 12 months£370.7m
Total value, new homes sold in East of England and England & Wales in the last 12 months£1.289bn£13.61bn
Number of new homes built across ESSEX
33,967
6,793

Breakdown of new homes sales by property type

in the last 12 months

Detached
59%
Semi-detached
23%
Terraced
5%
Flat/Apartment
13%
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