New Homes in , IL Under $400k :: 397 Communities Skip main navigation

, IL Homes Under $400K!

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            397 Communities

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            Crossings of Mundelein - Traditional by Lennar in Chicago Illinois
            homes in Crossings of Mundelein - Traditional by Lennar
            homes in Crossings of Mundelein - Traditional by Lennar
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            Crossings of Mundelein - Traditional

            Community by Lennar

            2721 Fieldcrest Drive
            Mundelein, IL 60060

            Lennar Read Reviews

            224-306-1928

            from $303,990 - $358,832

            8 homes match your search

            Legend Lakes by Lennar in Chicago Illinois
            homes in Legend Lakes by Lennar
            homes in Legend Lakes by Lennar
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            Legend Lakes

            Community by Lennar

            325 Tralee Lane
            McHenry, IL 60050

            Lennar Read Reviews

            224-293-0693

            from $323,990 - $390,990

            8 homes match your search

            Trails at Balmorea by Ryan Homes in Chicago Illinois
            homes in Trails at Balmorea by Ryan Homes
            homes in Trails at Balmorea by Ryan Homes
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            Trails at Balmorea

            Community by Ryan Homes

            3479 Big Bend Drive
            Montgomery, IL 60538

            Ryan Homes

            866-746-3829

            from $340,990 - $370,990

            4 homes match your search

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

            Community by Lennar

            2125 Tremont Avenue
            Yorkville, IL 60560

            Lennar Read Reviews

            224-293-4587

            from $311,490 - $357,490

            8 homes match your search

            Park Pointe - Urban by Lennar in Chicago Illinois
            homes in Park Pointe - Urban by Lennar
            homes in Park Pointe - Urban by Lennar
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            Park Pointe - Urban

            Community by Lennar

            1011 Moraine Drive
            South Elgin, IL 60177

            Lennar Read Reviews

            224-306-1936

            from $292,990 - $316,990

            5 homes match your search

            Prairie Commons-Traditional by Lennar in Chicago Illinois
            homes in Prairie Commons-Traditional by Lennar
            homes in Prairie Commons-Traditional by Lennar
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            Prairie Commons-Traditional

            Community by Lennar

            1601 Carlstedt Dr.
            Batavia, IL 60510

            Lennar Read Reviews

            224-293-0474

            from $299,990 - $316,990

            4 homes match your search

            Mason Pointe by M/I Homes in Chicago Illinois
            homes in Mason Pointe by M/I Homes
            homes in Mason Pointe by M/I Homes
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            Mason Pointe

            Community by M/I Homes

            443 Ashley Avenue
            La Grange, IL 60525

            M/I Homes

            630-243-5860

            from $395,990 - $624,606

            1 home matches your search

            Emerson Park by M/I Homes in Chicago Illinois
            homes in Emerson Park by M/I Homes
            homes in Emerson Park by M/I Homes

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            Emerson Park

            Community by M/I Homes

            4304 Monroe Avenue
            Naperville, IL 60564

            M/I Homes

            630-243-4487

            from $346,520 - $469,990

            1 home matches your search

            Clublands of Antioch Legends by Ryan Homes in Chicago Illinois
            homes in Clublands of Antioch Legends by Ryan Homes
            homes in Clublands of Antioch Legends by Ryan Homes
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            Clublands of Antioch Legends

            Community by Ryan Homes

            1262 Heritage Oaks Drive
            Antioch, IL 60002

            Ryan Homes

            888-451-6128

            from $361,990 - $394,990

            5 homes match your search

            Northpointe by Pulte Homes in Chicago Illinois
            homes in Northpointe by Pulte Homes
            homes in Northpointe by Pulte Homes

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            Northpointe

            Community by Pulte Homes

            248th Avenue and Prairie Grove Drive
            Plainfield, IL 60585

            Pulte Homes Read Reviews

            877-878-2923

            from $377,990 - $420,990

            3 homes match your search

            Silo Bend by M/I Homes in Chicago Illinois
            homes in Silo Bend by M/I Homes
            homes in Silo Bend by M/I Homes

            Grand Opening

            Silo Bend

            Community by M/I Homes

            15220-15454 W 167th Street
            Lockport, IL 60441

            M/I Homes

            630-463-9270

            from $372,990 - $444,990

            5 homes match your search

            Estates of Montefiori by Lakeview Homes LLC in Chicago Illinois
            homes in Estates of Montefiori by Lakeview Homes LLC
            homes in Estates of Montefiori by Lakeview Homes LLC
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            Estates of Montefiori

            Community by Lakeview Homes LLC

            11289 Tuscany Lane
            Lemont, IL 60439

            Lakeview Homes LLC

            888-235-8018

            from $400,000 - $431,463

            2 homes match your search

            Briargate by Pulte Homes in Chicago Illinois
            homes in Briargate by Pulte Homes
            homes in Briargate by Pulte Homes
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            Briargate

            Community by Pulte Homes

            US Route 45 and Deer Trail Drive
            Lindenhurst, IL 60046

            Pulte Homes Read Reviews

            888-226-4980

            from $296,990 - $395,866

            7 homes match your search

            Legend Lakes Townhomes by Lennar in Chicago Illinois
            homes in Legend Lakes Townhomes by Lennar
            homes in Legend Lakes Townhomes by Lennar
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            Legend Lakes Townhomes

            Community by Lennar

            325 Tralee Lane
            McHenry, IL 60050

            Lennar Read Reviews

            224-206-3574

            from $269,990 - $311,000

            7 homes match your search

            Stonegate by Lennar in Chicago Illinois
            homes in Stonegate by Lennar
            homes in Stonegate by Lennar
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            Stonegate

            Community by Lennar

            24717 McCormick Way
            Manhattan, IL 60442

            Lennar Read Reviews

            224-206-3578

            from $302,990 - $365,990

            9 homes match your search

            Meadow Square by M/I Homes in Chicago Illinois
            homes in Meadow Square by M/I Homes
            homes in Meadow Square by M/I Homes

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            Meadow Square

            Community by M/I Homes

            3204 Iris Avenue
            Rolling Meadows, IL 60008

            M/I Homes

            630-326-3274

            from $324,990 - $395,474

            6 homes match your search

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

            Trails of Woods Creek

            Community by Pulte Homes

            W Algonquin Road and Frank Road
            Algonquin, IL 60102

            Pulte Homes Read Reviews

            888-394-2517

            from $293,990 - $443,990

            9 homes match your search

            Celebration by Bigelow Homes in Chicago Illinois
            homes in Celebration by Bigelow Homes
            homes in Celebration by Bigelow Homes

            Grand Opening

            Video

            Celebration

            Community by Bigelow Homes

            1050 Celebration Dr.
            Aurora, IL 60504

            Bigelow Homes

            888-846-2035

            from $220,310 - $292,601

            4 homes match your search

            Andare at Glenloch by Lennar in Chicago Illinois
            homes in Andare at Glenloch by Lennar
            homes in Andare at Glenloch by Lennar
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            Andare at Glenloch

            Community by Lennar

            9 Mahogany Court
            Algonquin, IL 60102

            Lennar Read Reviews

            224-231-5134

            from $290,490 - $332,660

            5 homes match your search

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

            224-293-0638

            from $227,990 - $245,990

            6 homes match your search

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            New Home Cities in Chicago

            CityCommunitiesAverage New Home Price
            Plainfield9$393,908
            Yorkville6$322,280
            Naperville4$707,744
            Elgin4$421,472
            Montgomery3$342,642
            Manhattan3$276,609
            Aurora3$292,728
            South Elgin3$366,347
            Crystal Lake3$360,279
            McHenry3$347,802
            Huntley3$368,906
            Joliet2$339,198

            New Homes in Chicago by Region

            RegionCommunitiesAverage New Home Price
            Downtown Chicago 66$1,206,000
            North Chicago 10$488,000
            Northwest Chicago 3$477,000
            South Chicago 25$383,000
            Southwest Chicago 108$457,000

            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 has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the area. In fact, there are 397 communities and 245 builders in with homes starting at under $400K.

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

            Many builders recognize there is growing demand in the area for homes under the $400K 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.