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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

£399,359
£198,288

Average new build price achieved last 12 months

£500,570
£242,985

Average price per square foot

Resale
New builds
£399
£402
£331
£361

Average price change – all properties per square foot

1 year
5 years
10 years
0.3%
17.4%
56.4%
-3.1%
3.5%
37.3%
Total value, new homes sold herein the last 12 months£395.9m
Total value, new homes sold in East of England and England & Wales in the last 12 months£1.409bn£11.63bn
Number of new homes built across ESSEX
33,980
6,796

Breakdown of new homes sales by property type

in the last 12 months

Detached
47%
Semi-detached
23%
Terraced
5%
Flat/Apartment
25%