Construction Costs per Square Foot in Illinois USA

What is the cost of building a house in Illinois Many people ask this question when trying to decide whether building or buying a house is right for them. The cost of building an Illinois house can vary depending on the type of materials used, the size, and the features.

Cost Of Home Building Is Determined By The Quality Of Construction Chosen:

  • Cost of a home building (standard grade construction), $100 to $140 per sq. foot
  • Cost of a home building (premium quality construction): $140 to 170 per square foot
  • Cost of a home building (luxury-grade construction): $170-210 per square foot
  • For a more precise cost estimate for your home-building project,

The Average House Building Cost in Illinois

Chicago’s average home price is $513,500. An existing lot can be used to build a new home. Prices range from $120 to $400 per square foot. You could spend more if you add luxurious finishes or expensive materials.

Total Home Construction Cost Range: $132.72 – $530.88 per square foot

You can build a house in Illinois for anywhere from $132.72 for Saltbox-style homes up to $530.88 if you want high-end colonial revival houses.

High-end Luxury Homes: Prices from $364.98 to $530.88 Per Square Foot

In upscale areas of Illinois, grand colonial-style homes are common. These homes are finished with high-end fixtures and materials. High-end homes in Illinois can cost between $595,647 and $866,396.

Cost Per Square Foot To Build An Illinois House

In Illinois, the average price per square foot for building a house is $103 to $162. This would mean that a 2,500-square-foot house would cost $257,500-405,000. The price per square foot for similar-sized houses in Chicago ranges between $300 and $390. This can lead to a price tag of $750,000 to almost $1 million. Here’s an overview of the different costs involved in building a house in Illinois.

Illinois Land Prices

Real estate in Chicago, Illinois can be expensive. A 1,000-square-foot lot can cost as little as $200,000 or as much as $1,000,000 depending on its location.

Average per acre: land in the excellent category was $10.870 compared with $10.435 in 2019. Good was $8.446 compared with $8.335 in 2019. The Average was $6.409 compared 6.002 in 2019. Fair was 5,353 compared to 5.0090. Recreation land was 3,689 compared to 3904.

Materials

One-family homes in Illinois cost $145,600 to construct.

Materials can make up between 40 and 45 percent of the total cost of building your home. Materials include insulation, windows and doors, cabinets, roofing, shingles, flooring, and other items.

Professional fees

The average professional fee is between 8 and 15% of the total cost of a home project. The asking price for a square foot can be anywhere from $11.82 up to $88.68. Professional fees for a 1,632-square-foot home cost a minimum of $19,257.

Labor

Nearly 40% of all costs are attributed to labor prices. Rapid growth in labor costs is a growing concern due to the current shortage of labor. Construction labor is not able to keep up with the strong demand for housing.

An average Illinois labor cost for a 2,500-square-foot home should be between $115,000 to $182,000.

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