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Chicago, IL New Homes Under $250K

$238,990 - $275,290

1,558 - 1,760 sq ft

Meadows of West Bay - Townhomes

Lennar

4.0

$226,990 - $258,990

1,376 - 1,768 sq ft

Meadows of West Bay - Duplex

Lennar

4.0

$60,565 - $807,900

2,051 - 10,206 sq ft

Kingsbridge

DJK Custom Homes

$60,565 - $1,028,900

2,051 - 10,206 sq ft

Downers Grove In-fill Site

DJK Custom Homes

$60,565 - $792,900

2,051 - 10,206 sq ft

Oswego In-fill Sites

DJK Custom Homes

$50,000 - $515,000

1,593 - 2,993 sq ft

Heron Creek

Shodeen Homes

$200,000

1,500 sq ft

Foxwoods Condominiums

Dremco, Inc.

$60,565 - $792,900

2,051 - 10,206 sq ft

Pinnacle Pointe At Heritage Harbor

DJK Custom Homes

$60,565 - $1,028,900

2,051 - 10,206 sq ft

Plainfield In-fill Site

DJK Custom Homes

$208,900 - $337,900

1,450 - 2,646 sq ft

Marquis Pointe

Hartz Homes

$60,565 - $857,900

2,051 - 10,206 sq ft

Lighthouse Pointe

DJK Custom Homes

$60,565 - $857,900

2,051 - 10,206 sq ft

Nettle Creek Country Club Estates

DJK Custom Homes

$60,565 - $857,900

2,051 - 10,206 sq ft

Americana Estates

DJK Custom Homes

$191,400 - $241,400

1,632 - 3,294 sq ft

Landmark Crossing

Contry Homes

$60,565 - $857,900

2,051 - 10,206 sq ft

Reserves Of Dunmoor Estates

DJK Custom Homes

$60,565 - $857,900

2,051 - 10,206 sq ft

Rolling Acres

DJK Custom Homes

$60,565 - $857,900

2,051 - 10,206 sq ft

Creekside Crossing

DJK Custom Homes

$60,565 - $807,900

2,051 - 10,206 sq ft

Fox Wood Estates

DJK Custom Homes

$223,900 - $273,900

1,839 - 2,638 sq ft

Preserve/Contry Homes

Contry Homes

$60,565 - $1,028,900

2,051 - 10,206 sq ft

Napervile In-fill Site

DJK Custom Homes

$235,900 - $301,990

1,900 - 3,100 sq ft

River's Edge/Mccue Builders

McCue Builders, Inc.

$60,565 - $857,900

2,051 - 10,206 sq ft

River Point Estates

DJK Custom Homes

$239,990 - $298,990

1,579 - 1,758 sq ft

Stonewater Townhomes

D.R. Horton

$60,565 - $1,028,900

2,051 - 10,206 sq ft

Elmhurst In-fill Site

DJK Custom Homes

$60,565 - $857,900

2,051 - 10,206 sq ft

Adler Point

DJK Custom Homes

$60,565 - $1,028,900

2,051 - 10,206 sq ft

Cress Creek

DJK Custom Homes

$60,565 - $857,900

2,051 - 10,206 sq ft

Hannaford Farms

DJK Custom Homes

$60,565 - $1,028,900

2,051 - 10,206 sq ft

West Highlands

DJK Custom Homes

$60,540 - $1,028,900

2,051 - 10,924 sq ft

Downtown Naperville District

DJK Custom Homes

$60,565 - $1,028,900

2,051 - 10,206 sq ft

Burlington Woods

DJK Custom Homes

$115,900

1,598 sq ft

Pepper Pointe West Condos

Contry Homes

$60,565 - $807,900

2,051 - 10,206 sq ft

Whitetail Ridge

DJK Custom Homes

$60,565 - $857,900

2,051 - 10,206 sq ft

Grove Estates

DJK Custom Homes

$60,516 - $1,028,900

2,051 - 10,206 sq ft

Fairway Court

DJK Custom Homes

$60,565 - $1,028,900

2,051 - 10,206 sq ft

Oakbrook In-fill Sites

DJK Custom Homes

$50,000 - $515,700

1,185 - 2,993 sq ft

Elburn Station

Shodeen Homes

$244,900 - $358,900

1,200 - 3,284 sq ft

Heartland Circle

McCue Builders, Inc.

$137,900 - $141,900

1,300 - 1,596 sq ft

Brandon Subdivision

Contry Homes

$60,565 - $857,900

2,781 - 10,206 sq ft

Oak Bluff Estates

DJK Custom Homes

$234,900 - $290,400

1,387 - 2,235 sq ft

NatureÆs Crossing

Silverthorne Homes

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Market Snapshot

New Homes in Chicago by Region

RegionCommunitiesAverage New Home Price
Downtown Chicago 10$1,203,000
North Chicago 4$396,000
Northwest Chicago 4$477,000
South Chicago 10$337,000
Southwest Chicago 59$538,000

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 46 communities and 9 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.