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New Construction Homes Under $500K in Elgin, IL

55 Homes

From $480,990

4 Br | 2.5 Ba | 2 Gr | 3,300 sq ft

Westchester | Elgin, IL

Pulte Homes

3.8

From $474,990

4 Br | 2.5 Ba | 3 Gr | 3,126 sq ft

Riverton | Elgin, IL

Pulte Homes

3.8

From $459,990

4 Br | 2.5 Ba | 3 Gr | 2,899 sq ft

Hilltop | Elgin, IL

Pulte Homes

3.8

From $453,990

3 Br | 2.5 Ba | 3 Gr | 2,323 sq ft

Amberwood | Elgin, IL

Pulte Homes

3.8

From $446,990

4 Br | 2.5 Ba | 2 Gr | 2,621 sq ft

Greenfield | Elgin, IL

Pulte Homes

3.8

From $496,990

4 Br | 2.5 Ba | 2 Gr | 2,420 sq ft

Auburn | Elgin, IL

Lennar

4.0

From $476,990

4 Br | 2.5 Ba | 2 Gr | 2,237 sq ft

Starling ei | Elgin, IL

Lennar

4.0

From $487,990

4 Br | 2.5 Ba | 2 Gr | 2,521 sq ft

Townsend ei | Elgin, IL

Lennar

4.0

From $446,990

4 Br | 2 Ba | 2 Gr | 2,621 sq ft Hot Deal

Greenfield | Elgin, IL

Pulte Homes

3.8

From $459,990

4 Br | 2.5 Ba | 3 Gr | 2,899 sq ft Hot Deal

Hilltop | Elgin, IL

Pulte Homes

3.8

From $474,990

4 Br | 2.5 Ba | 3 Gr | 3,126 sq ft Hot Deal

Riverton | Elgin, IL

Pulte Homes

3.8

From $480,990

4 Br | 2 Ba | 2 Gr | 3,300 sq ft Hot Deal

Westchester | Elgin, IL

Pulte Homes

3.8

From $472,490

4 Br | 2.5 Ba | 2 Gr | 3,074 sq ft Hot Deal

Wyatt | South Elgin, IL

M/I Homes

From $369,990

3 Br | 2.5 Ba | 2 Gr | 2,079 sq ft

Chelsea | South Elgin, IL

Lennar

4.0

From $438,490

3 Br | 2.5 Ba | 2 Gr | 2,417 sq ft Hot Deal

Reilly | South Elgin, IL

M/I Homes

Under Construction

From $359,720

2 Br | 2.5 Ba | 2 Gr | 1,600 sq ft

1091 Atterberg Road. South Elgin, IL 60177

Lennar

4.0

From $433,490

2 Br | 2 Ba | 2 Gr | 2,004 sq ft Hot Deal

Bradley | South Elgin, IL

M/I Homes

From $362,990

3 Br | 2.5 Ba | 2 Gr | 1,894 sq ft

Chatham | South Elgin, IL

Lennar

4.0

From $386,490

2 Br | 2 Ba | 2 Gr | 1,457 sq ft Hot Deal

Kirkwood | South Elgin, IL

M/I Homes

Under Construction

From $364,900

3 Br | 2.5 Ba | 2 Gr | 1,764 sq ft

1085 Atterberg Road. South Elgin, IL 60177

Lennar

4.0

From $427,490

4 Br | 2.5 Ba | 2 Gr | 2,289 sq ft Hot Deal

Quinn | South Elgin, IL

M/I Homes

From $450,490

4 Br | 2.5 Ba | 2 Gr | 2,589 sq ft Hot Deal

Seneca | South Elgin, IL

M/I Homes

From $415,490

2 Br | 2 Ba | 2 Gr | 1,696 sq ft Hot Deal

Maxfield | South Elgin, IL

M/I Homes

From $291,990

3 Br | 1.5 Ba | 2 Gr | 1,406 sq ft Hot Deal

Harrison | South Elgin, IL

M/I Homes

From $305,990

2 Br | 1 Ba | 2 Gr | 1,468 sq ft Hot Deal

Stewart | South Elgin, IL

M/I Homes

From $394,490

3 Br | 1.5 Ba | 2 Gr | 1,815 sq ft Hot Deal

Morgan | South Elgin, IL

M/I Homes

From $352,990

3 Br | 2.5 Ba | 2 Gr | 1,764 sq ft

Amherst | South Elgin, IL

Lennar

4.0

Under Construction

From $394,245

3 Br | 2.5 Ba | 2 Gr | 2,039 sq ft

1089 Atterberg Road. South Elgin, IL 60177

Lennar

4.0

Under Construction

From $401,945

3 Br | 2.5 Ba | 2 Gr | 2,221 sq ft

1105 Atterberg Road. South Elgin, IL 60177

Lennar

4.0

From $310,990

2 Br | 1 Ba | 2 Gr | 1,577 sq ft Hot Deal

Talman | South Elgin, IL

M/I Homes

From $390,490

3 Br | 1.5 Ba | 2 Gr | 1,695 sq ft Hot Deal

Leyden | South Elgin, IL

M/I Homes

From $453,490

4 Br | 2.5 Ba | 2 Gr | 2,752 sq ft Hot Deal

Talcott | South Elgin, IL

M/I Homes

Under Construction

From $451,860

3 Br | 2.5 Ba | 2 Gr | 1,815 sq ft Hot Deal

1316 Comstock Road. South Elgin, IL 60177

M/I Homes

Under Construction

$8,545

From $349,900 $358,445

2 Br | 2.5 Ba | 2 Gr | 1,600 sq ft

1079 Atterberg Road. South Elgin, IL 60177

Lennar

4.0

From $421,490

4 Br | 2.5 Ba | 2 Gr | 2,157 sq ft Hot Deal

Paxton | South Elgin, IL

M/I Homes

From $301,990

3 Br | 1.5 Ba | 2 Gr | 1,506 sq ft Hot Deal

Meade | South Elgin, IL

M/I Homes

From $459,490

4 Br | 2.5 Ba | 2 Gr | 2,957 sq ft Hot Deal

Vaughn | South Elgin, IL

M/I Homes

From $404,490

3 Br | 2.5 Ba | 2 Gr | 1,935 sq ft Hot Deal

Newbury | South Elgin, IL

M/I Homes

Under Construction

From $364,900

3 Br | 2.5 Ba | 2 Gr | 1,764 sq ft

1083 Atterberg Road. South Elgin, IL 60177

Lennar

4.0

From $346,990

2 Br | 2.5 Ba | 2 Gr | 1,600 sq ft

Georgetown | South Elgin, IL

Lennar

4.0

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Market Snapshot

Newest Home Developments in Elgin

Top Home Builders in Elgin

BuilderHomesAverage Price
Lennar202$547,479
D.R. Horton269$530,524
Pulte Homes141$464,434
Toll Brothers3$662,328

Elgin features many of the best homes builders and new construction home designs in Illinois. Finding relatively lower priced homes has become increasingly difficult. The cost of new construction in Elgin has increased substantially. Despite the rising trend of housing prices, it is still possible to design and build an affordable home in the Elgin area. In fact, there are 493 new homes for sale in Elgin with a good selection of cheaper homes starting at under $500K.

How to Find Homes in Elgin, IL for Less than $500K?

Builders see the growing demand for homes under the $500k 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 use value engineering techniques to reduce the cost of construction and keep prices increasing too much. Smaller lots, standard-sized materials, and evening the pace of building can help deliver high-value for the cost. The results are delivering similar quality at lower prices.