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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

£400,387
£198,358

Average new build price achieved last 12 months

£494,153
£235,888

Average price per square foot

Resale
New builds
£400
£401
£331
£351

Average price change – all properties per square foot

1 year
5 years
10 years
0.5%
17.4%
55.3%
-2.9%
3.2%
36.7%
Total value, new homes sold herein the last 12 months£320.2m
Total value, new homes sold in East of England and England & Wales in the last 12 months£1.104bn£9.221bn
Number of new homes built across ESSEX
33,977
6,795

Breakdown of new homes sales by property type

in the last 12 months

Detached
49%
Semi-detached
21%
Terraced
4%
Flat/Apartment
26%
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