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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

£431,087
£202,072

Average new build price achieved last 12 months

£518,589
£210,098

Average price per square foot

Resale
New builds
£421
£398
£336
£316

Average price change – all properties per square foot

1 year
5 years
10 years
0.6%
11.6%
34.3%
-2.9%
-3.3%
12.9%
Total value, new homes sold herein the last 12 months£88.32m
Total value, new homes sold in East of England and England & Wales in the last 12 months£493.1m£7.304bn
Number of new homes built across ESSEX
18,142
3,628

Breakdown of new homes sales by property type

in the last 12 months

Detached
53%
Semi-detached
31%
Terraced
3%
Flat/Apartment
13%