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Chicago, IL Homes Under $400K!

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 483 communities and 259 builders in Chicago with homes starting at under $400K.

How to Find Homes in Chicago For Less Than $400K?

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    483 Communities

    Quick Move-In Hot Deals

    Shorewood Towne Center by Meadowbrook Builders

    Shorewood Towne Center by Meadowbrook Builders in Chicago Illinois
    homes in Shorewood Towne Center by Meadowbrook Builders
    Meadowbrook Builders in Shorewood, IL

    From $249,990 - $339,990

    304 Towne Center Blvd
    Shorewood, IL 60404

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    Builder Community
    19 homes match your search

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    Arbor Lakes by Meadowbrook Builders

    Arbor Lakes by Meadowbrook Builders in Chicago Illinois
    homes in Arbor Lakes by Meadowbrook Builders
    Meadowbrook Builders in Minooka, IL

    From $244,950 - $329,990

    1033 Redwood Lane
    Minooka, IL 60447

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    Builder Community
    11 homes match your search

    Greywall Club - Duplexes by Lennar

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    Greywall Club - Duplexes by Lennar in Chicago Illinois
    homes in Greywall Club - Duplexes by Lennar
    Lennar in Joliet, IL

    From $215,990 - $236,145

    8200 Arlington Lane
    Joliet, IL 60431

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    Builder Community
    3 homes match your search

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    Lexington Heritage at Arlington Heights by Lexington Homes

    Lexington Heritage at Arlington Heights by Lexington Homes in Chicago Illinois
    homes in Lexington Heritage at Arlington Heights by Lexington Homes
    Lexington Homes in Arlington Heights, IL

    From $374,810 - $456,880

    3216 N. Old Arlington Heights Rd.
    Arlington Heights, IL 60004

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    Builder Community
    2 homes match your search

    Talamore Townhomes by Lennar

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    Talamore Townhomes by Lennar in Chicago Illinois
    homes in Talamore Townhomes by Lennar
    Lennar in Huntley, IL

    From $219,990 - $284,620

    8927 Disbrow St.
    Huntley, IL 60142

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    Builder Community
    18 homes match your search

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    Bartlett Ridge by William Ryan Homes

    Bartlett Ridge by William Ryan Homes in Chicago Illinois
    homes in Bartlett Ridge by William Ryan Homes
    William Ryan Homes in Bartlett, IL

    From $379,990 - $493,650

    1337 Highpoint Court
    Bartlett, IL 60103

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    Builder Community
    2 homes match your search

    Maples at the Sonatas by Epcon Homes and Communities

    Maples at the Sonatas by Epcon Homes and Communities in Chicago Illinois
    homes in Maples at the Sonatas by Epcon Homes and Communities
    Epcon Homes and Communities in Woodstock, IL

    From $209,990 - $266,990

    645 Handel Lane
    Woodstock, IL 60098

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    Builder Community
    8 homes match your search

    Hunter's Crossing by M/I Homes

    Hunter's Crossing by M/I Homes in Chicago Illinois
    homes in Hunter's Crossing by M/I Homes
    M/I Homes in Channahon, IL

    From $223,990 - $299,990

    26015 S Indian Creek Trail
    Channahon, IL 60410

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    14 homes match your search

    Trails at Balmorea by Ryan Homes

    Trails at Balmorea by Ryan Homes in Chicago Illinois

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    homes in Trails at Balmorea by Ryan Homes
    Ryan Homes in Montgomery, IL

    From $274,990 - $307,990

    3479 Big Bend Drive
    Montgomery, IL 60538

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    Builder Community
    4 homes match your search

    The Seasons at Southbury by Lennar

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    The Seasons at Southbury by Lennar in Chicago Illinois
    homes in The Seasons at Southbury by Lennar
    Lennar in Oswego, IL

    From $204,990 - $287,634

    400 Shadow Court
    Oswego, IL 60543

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    Builder Community
    11 homes match your search

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    Top New Home Cities in Chicago

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    City Communities Average New Home Price
    Naperville 8 $548,464
    Plainfield 8 $336,165
    Yorkville 7 $261,420
    Joliet 7 $260,921
    Hawthorn Woods 6 $479,768
    Elgin 6 $374,399
    Manhattan 4 $236,657
    Volo 4 $240,250
    Aurora 4 $278,752
    Shorewood 4 $308,631
    Lemont 4 $510,567
    Montgomery 4 $282,937

    New Homes in Chicago by Region

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    Region Communities Average New Home Price
    Downtown Chicago 112 $1,179,000
    North Chicago 12 $437,000
    Northwest Chicago 8 $467,000
    South Chicago 35 $362,000
    Southwest Chicago 145 $454,000
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