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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

£431,910
£204,919

Average new build price achieved last 12 months

£498,326
£381,842

Average price per square foot

Resale
New builds
£419
£413
£342
£482

Average price change – all properties per square foot

1 year
5 years
10 years
1.1%
14.7%
43.4%
-1.1%
1.6%
24.8%
Total value, new homes sold herein the last 12 months£155.1m
Total value, new homes sold in East of England and England & Wales in the last 12 months£858m£10.63bn
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
54%
Semi-detached
23%
Terraced
4%
Flat/Apartment
19%