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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

£392,626
£194,753

Average new build price achieved last 12 months

£480,742
£260,901

Average price per square foot

Resale
New builds
£396
£402
£326
£370

Average price change – all properties per square foot

1 year
5 years
10 years
-2.5%
16.7%
61%
-7.3%
1.6%
39.4%
Total value, new homes sold herein the last 12 months£238.6m
Total value, new homes sold in East of England and England & Wales in the last 12 months£1.083bn£7.341bn
Number of new homes built across ESSEX
38,023
7,605

Breakdown of new homes sales by property type

in the last 12 months

Detached
50%
Semi-detached
22%
Terraced
7%
Flat/Apartment
21%