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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

£393,155
£195,642

Average new build price achieved last 12 months

£490,274
£261,253

Average price per square foot

Resale
New builds
£396
£403
£328
£373

Average price change – all properties per square foot

1 year
5 years
10 years
-1.3%
16.9%
58.5%
-5.4%
1.9%
38%
Total value, new homes sold herein the last 12 months£302m
Total value, new homes sold in East of England and England & Wales in the last 12 months£1.225bn£8.241bn
Number of new homes built across ESSEX
32,666
6,533

Breakdown of new homes sales by property type

in the last 12 months

Detached
49%
Semi-detached
23%
Terraced
7%
Flat/Apartment
21%