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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

£393,115
£195,377

Average new build price achieved last 12 months

£464,446
£262,716

Average price per square foot

Resale
New builds
£397
£396
£327
£376

Average price change – all properties per square foot

1 year
5 years
10 years
-1.6%
17%
59.9%
-6.6%
1.8%
38.8%
Total value, new homes sold herein the last 12 months£271.2m
Total value, new homes sold in East of England and England & Wales in the last 12 months£1.177bn£8.043bn
Number of new homes built across ESSEX
32,666
6,533

Breakdown of new homes sales by property type

in the last 12 months

Detached
49%
Semi-detached
24%
Terraced
7%
Flat/Apartment
20%