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New Construction Homes Under $500K in Elgin, IL



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669 Homes

Elgin, IL New Homes

Townsend ei - Tall Oaks - Horizon Series: Elgin, Illinois - Lennar

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Townsend ei

Elgin, IL 60124

Lennar 201 Reviews

Tall Oaks - Horizon Series

$479,990

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

Townsend ei - Tall Oaks - Horizon Series: Elgin, Illinois - Lennar

Available Now

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Townsend ei

3789 Honeysuckle Ln.
Elgin, IL 60124

Lennar 201 Reviews

Tall Oaks - Horizon Series

$494,900

4 Br | 2.5 Ba | 2 Gr
2,536 sq. ft.

Mapleton - Bowes Creek Country Club - The Fairways Collection: Elgin, Illinois - Toll Brothers

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Mapleton

Elgin, IL 60124

Toll Brothers

Bowes Creek Country Club - The Fairways Collection

888-384-5843

$496,995

4 Br | 2.5 Ba | 2 Gr
2,837 sq. ft.

Bramante Ranch Slab - Basement Available - Highland Woods Ranch Homes: Elgin, Illinois - Ryan Homes

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Bramante Ranch Slab - Basement Available

Elgin, IL 60124

Ryan Homes

Highland Woods Ranch Homes

888-294-8896

$353,990

3 Br | 2 Ba | 2 Gr
1,666 sq. ft.

Hilltop - Summergate at Highland Woods: Elgin, Illinois - Pulte Homes

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Hilltop

Elgin, IL 60124

Pulte Homes 268 Reviews

Summergate at Highland Woods

888-348-2599

$434,990

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

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Mesa Verde ei - Tall Oaks - Horizon Series: Elgin, Illinois - Lennar

Now Building

Mesa Verde ei

96 Hedgerow Dr.
Elgin, IL 60124

Lennar 201 Reviews

Tall Oaks - Horizon Series

$499,900

3 Br | 2.5 Ba | 2 Gr
2,530 sq. ft.

Palladio Ranch Slab - Basement Available - Highland Woods Ranch Homes: Elgin, Illinois - Ryan Homes

Ready to Build

Plan Viewer

Palladio Ranch Slab - Basement Available

Elgin, IL 60124

Ryan Homes

Highland Woods Ranch Homes

888-294-8896

$379,990

3 Br | 2 Ba | 2 Gr
1,947 sq. ft.

Auburn - Ponds of Stony Creek: Elgin, Illinois - Lennar

Ready to Build

Auburn

Elgin, IL 60124

Lennar 201 Reviews

Ponds of Stony Creek

224-293-0573

$468,990

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

Amberwood - Summergate at Highland Woods: Elgin, Illinois - Pulte Homes

Ready to Build

Plan Viewer

Amberwood

Elgin, IL 60124

Pulte Homes 268 Reviews

Summergate at Highland Woods

888-348-2599

$432,990

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

Dunlap - Bowes Creek Country Club - The Fairways Collection: Elgin, Illinois - Toll Brothers

Ready to Build

Green Virtual Tour Plan Viewer

Dunlap

Elgin, IL 60124

Toll Brothers

Bowes Creek Country Club - The Fairways Collection

888-384-5843

$399,995

4 Br | 2.5 Ba | 2 Gr
2,279 sq. ft.

Huntington - Ponds of Stony Creek: Elgin, Illinois - Lennar

Ready to Build

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Huntington

Elgin, IL 60124

Lennar 201 Reviews

Ponds of Stony Creek

224-293-0573

$493,990

4 Br | 2.5 Ba | 2 Gr
2,673 sq. ft.

Greenfield - Summergate at Highland Woods: Elgin, Illinois - Pulte Homes

Ready to Build

Plan Viewer

Greenfield

Elgin, IL 60124

Pulte Homes 268 Reviews

Summergate at Highland Woods

888-348-2599

$421,990

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

Townsend ei - Tall Oaks - Horizon Series: Elgin, Illinois - Lennar

Available Now

Virtual Tour

Townsend ei

3793 Honeysuckle Ln.
Elgin, IL 60124

Lennar 201 Reviews

Tall Oaks - Horizon Series

$474,900

4 Br | 2.5 Ba | 2 Gr
2,577 sq. ft.

Wyndwood - Bowes Creek Country Club - The Fairways Collection: Elgin, Illinois - Toll Brothers

Ready to Build

Green Plan Viewer

Wyndwood

Elgin, IL 60124

Toll Brothers

Bowes Creek Country Club - The Fairways Collection

888-384-5843

$454,995

2 Br | 2 Ba | 2 Gr
1,728 sq. ft.

Newhart - Bowes Creek Country Club - The Fairways Collection: Elgin, Illinois - Toll Brothers

Ready to Build

Green Virtual Tour Plan Viewer

Newhart

Elgin, IL 60124

Toll Brothers

Bowes Creek Country Club - The Fairways Collection

888-384-5843

$436,995

4 Br | 2.5 Ba | 2 Gr
2,444 sq. ft.

Auburn ei - Tall Oaks - Hartford Series: Elgin, Illinois - Lennar

Now Building

Auburn ei

181 Trumpet Vine Circle
Elgin, IL 60124

Lennar 201 Reviews

Tall Oaks - Hartford Series

224-585-7259

$489,900

4 Br | 2.5 Ba | 2 Gr
2,438 sq. ft.

Pryor - Bowes Creek Country Club - The Fairways Collection: Elgin, Illinois - Toll Brothers

Ready to Build

Green Plan Viewer

Pryor

Elgin, IL 60124

Toll Brothers

Bowes Creek Country Club - The Fairways Collection

888-384-5843

$486,995

4 Br | 2.5 Ba | 2 Gr
2,544 sq. ft.

Ridgefield - Ponds of Stony Creek: Elgin, Illinois - Lennar

Ready to Build

Virtual Tour

Ridgefield

Elgin, IL 60124

Lennar 201 Reviews

Ponds of Stony Creek

224-293-0573

$496,490

3 Br | 2 Ba | 3 Gr
2,171 sq. ft.

Bluestone ei - Tall Oaks - Hartford Series: Elgin, Illinois - Lennar

Now Building

Virtual Tour

Bluestone ei

156 North Bend Way
Elgin, IL 60124

Lennar 201 Reviews

Tall Oaks - Hartford Series

224-585-7259

$499,900

4 Br | 2.5 Ba | 3 Gr
2,833 sq. ft.

Alberti Ranch Slab -  Basement Available - Highland Woods Ranch Homes: Elgin, Illinois - Ryan Homes

Ready to Build

Video Plan Viewer

Alberti Ranch Slab - Basement Available

Elgin, IL 60124

Ryan Homes

Highland Woods Ranch Homes

888-294-8896

$329,990

3 Br | 2 Ba | 2 Gr
1,421 sq. ft.

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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 1,525 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.