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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

£403,645
£199,041

Average new build price achieved last 12 months

£495,371
£295,270

Average price per square foot

Resale
New builds
£403
£397
£330
£403

Average price change – all properties per square foot

1 year
5 years
10 years
2%
17.6%
50%
-0.9%
3.5%
31.6%
Total value, new homes sold herein the last 12 months£367.4m
Total value, new homes sold in East of England and England & Wales in the last 12 months£1.308bn£13.53bn
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
58%
Semi-detached
21%
Terraced
5%
Flat/Apartment
15%
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