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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

£430,999
£202,535

Average new build price achieved last 12 months

£514,040
£255,592

Average price per square foot

Resale
New builds
£423
£385
£336
£374

Average price change – all properties per square foot

1 year
5 years
10 years
1.1%
11.3%
33.6%
-2.3%
-3.3%
11.9%
Total value, new homes sold herein the last 12 months£81.46m
Total value, new homes sold in East of England and England & Wales in the last 12 months£491.2m£7.636bn
Number of new homes built across ESSEX
18,142
3,628

Breakdown of new homes sales by property type

in the last 12 months

Detached
53%
Semi-detached
29%
Terraced
4%
Flat/Apartment
13%