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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

£405,134
£200,170

Average new build price achieved last 12 months

£490,476
£369,400

Average price per square foot

Resale
New builds
£404
£392
£332
£483

Average price change – all properties per square foot

1 year
5 years
10 years
1.8%
15.9%
46.4%
-0.1%
5.4%
28.2%
Total value, new homes sold herein the last 12 months£294m
Total value, new homes sold in East of England and England & Wales in the last 12 months£1.057bn£12.66bn
Number of new homes built across ESSEX
28,969
5,794

Breakdown of new homes sales by property type

in the last 12 months

Detached
58%
Semi-detached
24%
Terraced
5%
Flat/Apartment
13%