New Homes in Chicago, IL Under $250k :: 23 Communities

Chicago Homes Under $250k

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            23 Communities

            Quick Move-In Hot Deals

            Talamore Townhomes by Lennar in Chicago Illinois
            homes in Talamore Townhomes by Lennar
            homes in Talamore Townhomes by Lennar
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            Talamore Townhomes

            Community by Lennar

            8927 Disbrow St.
            Huntley, IL 60142

            Lennar Read Reviews

            from $237,990 - $273,595

            2 homes match your search

            Maple Street Rowhomes by Ryan Homes in Chicago Illinois
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            Maple Street Rowhomes

            Community by Ryan Homes

            210 E. Lincoln St
            Mt Prospect, IL 60056

            Ryan Homes

            Raintree Village - Duplex by Lennar in Chicago Illinois
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            homes in Raintree Village - Duplex by Lennar
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            Raintree Village - Duplex

            Community by Lennar

            1324 Hawk Hollow Drive
            Yorkville, IL 60560

            Lennar Read Reviews

            from $219,900 - $257,495

            9 homes match your search

            Grande Reserve Ranch Homes by Ryan Homes in Chicago Illinois
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            Grande Reserve Ranch Homes

            Community by Ryan Homes

            4485 East Millbrook Circle
            Yorkville, IL 60560

            Ryan Homes

            from $229,990 - $279,990

            2 homes match your search

            Trails of Woods Creek by Pulte Homes in Chicago Illinois
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            Trails of Woods Creek

            Community by Pulte Homes

            W Algonquin Road and Frank Road
            Algonquin, IL 60102

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            The Seasons at Southbury by Lennar in Chicago Illinois
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            The Seasons at Southbury

            Community by Lennar

            400 Shadow Court
            Oswego, IL 60543

            Lennar Read Reviews

            from $227,990 - $275,715

            2 homes match your search

            Aspire at Ashley Pointe by K. Hovnanian® Homes in Chicago Illinois
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            homes in Aspire at Ashley Pointe by K. Hovnanian® Homes
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            Aspire at Ashley Pointe

            Community by K. Hovnanian® Homes

            2061 Wren Road
            Yorkville, IL 60560

            K. Hovnanian® Homes Read Reviews

            from $248,995 - $328,063

            1 home matches your search

            Stonegate Townhomes by Lennar in Chicago Illinois
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            Stonegate Townhomes

            Community by Lennar

            24718 McCormick Way
            Manhattan, IL 60442

            Lennar Read Reviews

            from $179,490 - $236,130

            11 homes match your search

            Legacy Pointe by M/I Homes in Chicago Illinois
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            Legacy Pointe

            Community by M/I Homes

            1413 Legacy Pointe Boulevard
            Joliet, IL 60431

            M/I Homes

            from $234,990 - $306,060

            4 homes match your search

            The Square at Goodings Grove by M/I Homes in Chicago Illinois
            homes in The Square at Goodings Grove by M/I Homes
            homes in The Square at Goodings Grove by M/I Homes
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            The Square at Goodings Grove

            Community by M/I Homes

            13901 S Belmont Drive
            Homer Glen, IL 60491

            M/I Homes

            from $242,990 - $339,835

            1 home matches your search

            The Highlands by Pulte Homes in Chicago Illinois
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            The Highlands

            Community by Pulte Homes

            SE Corner of Holtz Avenue and Lombard Road
            Addison, IL 60101

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            Eastfield by Pulte Homes in Chicago Illinois
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            Eastfield

            Community by Pulte Homes

            NW Corner of Army Trail Road and Petersdorf Road
            Bartlett, IL 60103

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            Raintree Village - Townhomes by Lennar in Chicago Illinois
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            homes in Raintree Village - Townhomes by Lennar
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            Raintree Village - Townhomes

            Community by Lennar

            1852 Wren Road
            Yorkville, IL 60560

            Lennar Read Reviews

            from $201,990 - $226,180

            11 homes match your search

            Hunter's Crossing by M/I Homes in Chicago Illinois
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            Hunter's Crossing

            Community by M/I Homes

            26015 S. Indian Creek Trail
            Channahon, IL 60410

            M/I Homes

            from $243,990 - $339,990

            1 home matches your search

            Woodlore Estates - The Townes by Lennar in Chicago Illinois
            homes in Woodlore Estates - The Townes by Lennar
            homes in Woodlore Estates - The Townes by Lennar
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            Woodlore Estates - The Townes

            Community by Lennar

            1011 River Birch Blvd
            Crystal Lake, IL 60012

            Lennar Read Reviews

            from $219,990 - $274,675

            6 homes match your search

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            New Home Cities in Chicago

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            CityCommunitiesAverage New Home Price
            Naperville8$645,756
            Plainfield7$360,831
            Yorkville6$272,234
            Elgin5$361,700
            Joliet5$287,442
            Lemont4$536,424
            Aurora4$294,550
            Montgomery4$287,823
            Crystal Lake3$308,347
            Oswego3$299,166
            Mundelein3$298,561
            Hawthorn Woods3$474,929

            New Homes in Chicago by Region

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            RegionCommunitiesAverage New Home Price
            Downtown Chicago 70$1,149,000
            North Chicago 10$425,000
            Northwest Chicago 3$477,000
            South Chicago 27$353,000
            Southwest Chicago 113$457,000

            Chicago features many of the best home builder communities in Illinois, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Chicago has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the Chicago area. In fact, there are 23 communities and 8 builders in Chicago with homes starting at under $250K.

            How to Find Homes in Chicago For Less Than $250K?

            Many builders recognize there is growing demand in the Chicago area for homes under the $250k price point and often have a few floor plans available, but these may be in limited supply. To ensure affordability without compromising on the quality of the home, builders may utilize value engineering techniques to reduce the cost of construction and keep the price of the home as low as possible. This may include building on a smaller lot or utilizing standard-sized materials, such as windows and doors, that provide high-value for the cost. The results are delivering similar quality at lower prices.