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Chicago Communities with Inventory for Sale

A spec home is a new construction home where the builder or developer is building the home using his capital, speculating that it can be sold into the market profitably. The spec home or spec house term is builder jargon and is often referred to as an inventory home or a quick delivery home. Because is it under-construction or recently complete, it is an ideal option for relocating buyers even though few buyer changes may be possible. The key for the relocating buyer is that they can get into the new home quickly.

There are currently 337 move in ready homes or spec homes available in 96 new home communities from 18 new home Builders. Unlike a custom home or a home built based on a builders plan, most or all of the options have been specified by the builder or developer. Builders will often build an inventory of new homes when market conditions are favorable for new construction. It also gives the builder’s crews work to even out the ebbs and in-flow of new sales.

While a fully custom home can take six months to a year to complete, spec homes can be yours from now or as much as three months out. That time saved also saves you money by improving or eliminating the problem of holding double mortgages or storing your belongings. It also saves you the trouble and investment of finding temporary housing in Chicago. Many builders keep a consistent schedule of spec builds, to ensure they have several homes available at various stages of completion. This ensures you can find your perfect balance between customization and final availability.

Even with the convenience of fast availability, spec homes in Chicago, IL offer all of the benefits one would expect from a new home. For starters, those who invest in a spec home while still in the construction phase can enjoy several customization options, depending on the builder and the stage of construction. From appliances to flooring to countertops and everything in between, you'll never have to compromise to meet your modern needs when you invest in a new home.

NewHomeSource provides an ideal platform to find your perfect inventory home in Chicago, IL today. Our listings are comprehensive, and our amenity filters allow you to narrow these results to identify all the homes that meet your exact needs. Your perfect home is in the works. Let NewHomeSource help you find it!

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            96 Communities

            Quick Move-In Hot Deals

            Colfax Crossing by Taylor Morrison

            Colfax Crossing by Taylor Morrison in Chicago Illinois

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            homes in Colfax Crossing by Taylor Morrison
            Taylor Morrison in Des Plaines, IL

            From $299,900 - $369,900

            342 Western Ave
            Des Plaines, IL 60016

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            Builder Community
            8 homes match your search

            Edgewater of Shorewood by Lennar

            Edgewater of Shorewood by Lennar in Chicago Illinois
            homes in Edgewater of Shorewood by Lennar
            Lennar in Shorewood, IL

            From $304,935 - $356,335

            1113 Marion Court
            Shorewood, IL 60404

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            Builder Community
            6 homes match your search

            • Offers

            Woodlore Estates - The Townes by Lennar

            Woodlore Estates - The Townes by Lennar in Chicago Illinois
            homes in Woodlore Estates - The Townes by Lennar
            Lennar in Crystal Lake, IL

            From $214,990 - $289,994

            1011 River Birch Blvd
            Crystal Lake, IL 60012

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            9 homes match your search

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            Tallgrass by Taylor Morrison

            Tallgrass by Taylor Morrison in Chicago Illinois
            homes in Tallgrass by Taylor Morrison
            Taylor Morrison in Lake Barrington, IL

            From $549,990 - $849,934

            24715 N. Blue Aster Lane
            Lake Barrington, IL 60010

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            4 homes match your search

            Heather Glen by Ryan Homes

            Heather Glen by Ryan Homes in Chicago Illinois

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            homes in Heather Glen by Ryan Homes
            Ryan Homes in New Lenox, IL

            Laraway Rd. And Schoolhouse Rd
            New Lenox, IL 60451

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            Sauganash Glen by K. Hovnanian® Homes

            Sauganash Glen by K. Hovnanian® Homes in Chicago Illinois
            homes in Sauganash Glen by K. Hovnanian® Homes
            K. Hovnanian® Homes in Chicago, IL

            From $809,900 - $839,995

            6013 N. Kildare Avenue
            Chicago, IL 60646

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            2 homes match your search

            King's Bridge by M/I Homes

            King's Bridge by M/I Homes in Chicago Illinois
            homes in King's Bridge by M/I Homes
            M/I Homes in Plainfield, IL

            From $301,490 - $419,990

            12628 Shenandoah Trail
            Plainfield, IL 60585

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            3 homes match your search

            Anets Woods of Northbrook by Edward James

            Anets Woods of Northbrook by Edward James in Chicago Illinois
            homes in Anets Woods of Northbrook by Edward James
            Edward James in Northbrook, IL

            From $994,900 - $1,349,900

            1573 Woodview Lane
            Northbrook, IL 60062

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            1 home matches your search

            Woodview by M/I Homes

            Woodview by M/I Homes in Chicago Illinois
            homes in Woodview by M/I Homes
            M/I Homes in Woodridge, IL

            From $285,990 - $384,990

            2480 Huntleigh Lane
            Woodridge, IL 60517

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            4 homes match your search

            Link Crossing by K. Hovnanian® Homes

            Link Crossing by K. Hovnanian® Homes in Chicago Illinois

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            homes in Link Crossing by K. Hovnanian® Homes
            K. Hovnanian® Homes in Buffalo Grove, IL

            North Grove Road & Brandywine Lane
            Buffalo Grove, IL 60089

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            New Homes in Chicago by Region

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            RegionCommunitiesAverage New Home Price
            Downtown Chicago 104$1,238,000
            North Chicago 13$422,000
            Northwest Chicago 7$503,000
            South Chicago 28$358,000
            Southwest Chicago 130$446,000

            Popular Searches Near Chicago, IL

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