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Source: Land Registry, DLUHC, 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

£396,887
£195,541

Average new build price achieved last 12 months

£493,152
£279,738

Average price per square foot

Resale
New builds
£401
£418
£328
£407

Average price change – all properties per square foot

1 year
5 years
10 years
-2.5%
18.3%
69.7%
-6.6%
2.1%
47.3%
Total value, new homes sold herein the last 12 months£171.2m
Total value, new homes sold in East of England and England & Wales in the last 12 months£643m£4.662bn
Number of new homes built across ESSEX
38,029
7,606

Breakdown of new homes sales by property type

in the last 12 months

Detached
39%
Semi-detached
21%
Terraced
7%
Flat/Apartment
33%