It’s no accident that new home construction in Chicago is on the upswing. In 2022, 1,028 new homes were sold in Chicago. That number increased by 6% to 1,093 new homes the following year, in 2023. With prices rising about 2.5 percent over the last year, new construction homes sold for a median price of $819K in 2023. The median time on the market was 13 days. New construction residences tend to be part of a homeowners association (HOA), with almost 75% of newly sold new construction homes belonging to an HOA. About 22% of new homes were single family residences, with the remainder being townhomes or condos.
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New Construction Homes for Sale in Chicago, IL
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1812 N Howe St Unit 1, Chicago, IL 60614
Luxury new construction duplex condo in desirable East Lincoln Park. From the design to location and craftsmanship, this sun drenched property is walking distance to Oz Park, Lincoln Park, popular c...
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