The average property value in Essex is £405,104 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Essex grew by £45,533. Compare house prices by area
Average property prices in Essex grew by 12.7% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 5.1% per year.
If prices in Essex continue to rise by 5.1% a year, the average property price will be £494,187 in 2025.
The most expensive property values in Essex are found in Brentwood, and the cheapest property values are found in Tendring.
There were 23,807 property sales in Essex in the year ending June 2021, an increase of 3,266 when compared to the previous year.
The average price for a house in Essex ranges from £312,406 for a terraced house to £552,292 for a detached house, with semi-detached in between costing on average £371,782.
The average price for a flat or maisonette in Essex is £214,035.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Essex, terraced house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 50.1% from £367,932 to £552,292, semi-detached house prices have risen 65.5% from £224,575 to £371,782, terraced house prices have risen 69.6% from £184,169 to £312,406, and flat prices have risen 49.8% from £142,906 to £214,035.
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The most common type of property sold in Essex during the year ending June 2021 was detached houses, which accounted for 35.8% of properties.
The least commonly available type of property sold in Essex were flats, which account for 11.5% of properties sold.
Of the properties sold in Essex during 2021, 1.4% were new build properties.
The average price paid for a new build property in Essex was £12,916 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (50% of new build properties sold). For existing properties, the most common type is detached houses (34% of existing properties sold).
The most common price band for property sales in Essex is £300k - £400k, which accounted for 19.1% of properties sold in 2021.
1.7% of properties in Essex had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Essex were in the under £50k price bracket, accounting for 0.0% of sales.
The cheapest property prices in Essex are found in Tendring, where the average cost of a property is £285,736. Between the years ending June 2020 and June 2021, property prices have changed by 10.6% in Tendring (compared to 12.7% in Essex)
Average property price
YoY change in price
|1|| Tendring |
|2|| Harlow |
|3|| Colchester |
|4|| Braintree |
|5|| Castle Point |
The most expensive property values in Essex are found in Brentwood, where the average property price is £593,144. Between the years ending June 2020 and June 2021, property prices have changed by 16.4% in Brentwood (compared to 12.7% in Essex)
Average Property Price
YoY CHANGE in PRICE
|1|| Brentwood |
|2|| Epping Forest |
|3|| Uttlesford |
|4|| Chelmsford |
|5|| Rochford |
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics