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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

£397,557
£197,348

Average new build price achieved last 12 months

£495,016
£247,401

Average price per square foot

Resale
New builds
£398
£395
£329
£360

Average price change – all properties per square foot

1 year
5 years
10 years
-0.1%
17.2%
57%
-3.9%
2.6%
37.5%
Total value, new homes sold herein the last 12 months£340.5m
Total value, new homes sold in East of England and England & Wales in the last 12 months£1.294bn£10.04bn
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
47%
Semi-detached
22%
Terraced
6%
Flat/Apartment
24%
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