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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 470 communities and 257 builders in Chicago with homes starting at under $400K.

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

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    470 Communities

    Quick Move-In Hot Deals

    Liberty Green by Pulte Homes

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    Liberty Green by Pulte Homes in Chicago Illinois
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    Pulte Homes in Bolingbrook, IL

    From $299,990 - $324,990

    2041 Samantha Joy Lane
    Bolingbrook, IL 60490

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    Active Adult Community
    3 homes match your search

    Brookmere - The Estates by Lennar

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    Brookmere - The Estates by Lennar in Chicago Illinois
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    Lennar in Matteson, IL

    From $216,490 - $258,490

    175 Owen Street
    Matteson, IL 60443

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    8 homes match your search

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    Talamore by Lennar

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    Talamore by Lennar in Chicago Illinois
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    Lennar in Huntley, IL

    From $326,990 - $414,020

    9383 Enstrom Lane
    Huntley, IL 60142

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    Builder Community
    9 homes match your search

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    Grande Park by K. Hovnanian® Homes

    Grande Park by K. Hovnanian® Homes in Chicago Illinois
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    K. Hovnanian® Homes in Plainfield, IL

    From $369,995 - $460,525

    26910 Summergrove Drive
    Plainfield, IL 60585

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    3 homes match your search

    Andare at Remington Pointe North by Lennar

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    Andare at Remington Pointe North by Lennar in Chicago Illinois
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    Lennar in Volo, IL

    From $221,990 - $280,990

    1832 Alta Drive
    Volo, IL 60020

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    Active Adult Community
    11 homes match your search

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    The Trails of Pheasant Ridge by Gerstad Builders

    The Trails of Pheasant Ridge by Gerstad Builders in Chicago Illinois
    homes in The Trails of Pheasant Ridge by Gerstad Builders
    Gerstad Builders in Richmond, IL

    From $213,990 - $296,990

    11211Thrush Creek Drive
    Richmond, IL 60071

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    9 homes match your search

    Columbia Park Townes by Pulte Homes

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    Columbia Park Townes by Pulte Homes in Chicago Illinois
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    Pulte Homes in Naperville, IL

    From $375,990 - $431,674

    948 Coletta Circle
    Naperville, IL 60563

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    2 homes match your search

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    West Point Gardens by West Point Builders

    West Point Gardens by West Point Builders in Chicago Illinois
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    West Point Builders in Elgin, IL

    From $210,990 - $259,990

    251 Tulip Ct.
    Elgin, IL 60124

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    2 homes match your search

    Hanover Estates by K. Hovnanian® Homes

    Hanover Estates by K. Hovnanian® Homes in Chicago Illinois
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    K. Hovnanian® Homes in Manhattan, IL

    From $270,995 - $459,990

    14351 W. Rose Street
    Manhattan, IL 60442

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    11 homes match your search

    Colfax Crossing by Taylor Morrison

    Colfax Crossing by Taylor Morrison in Chicago Illinois

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    Taylor Morrison in Des Plaines, IL

    From $319,827 - $349,989

    342 Western Ave
    Des Plaines, IL 60016

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    4 homes match your search

    Top New Home Cities in Chicago

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    City Communities Average New Home Price
    Plainfield 8 $336,829
    Naperville 8 $549,876
    Joliet 7 $261,762
    Yorkville 7 $261,813
    Hawthorn Woods 6 $490,499
    Elgin 6 $374,399
    Shorewood 4 $307,726
    Manhattan 4 $236,065
    Montgomery 4 $282,937
    Crystal Lake 3 $295,671
    Lemont 3 $522,205
    Libertyville 3 $544,993

    New Homes in Chicago by Region

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    Region Communities Average New Home Price
    Downtown Chicago 112 $1,162,000
    North Chicago 12 $437,000
    Northwest Chicago 8 $463,000
    South Chicago 35 $356,000
    Southwest Chicago 145 $450,000
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