Greenwood Homes under $400,000

Greenwood Homes under $400,000

Welcome to Greenwood, Indiana – a charming city that beautifully blends suburban tranquility with vibrant community life. Nestled in Johnson County, just a short drive from the bustling heart of Indianapolis, Greenwood offers residents the perfect balance of convenience and comfort. With its friendly neighborhoods, excellent schools, and abundant parks, it’s no surprise that Greenwood has become a sought-after location for families and professionals alike.

One of the standout features of Greenwood is its accessibility to a variety of amenities. From shopping at the Greenwood Park Mall to enjoying a leisurely stroll in one of the many scenic parks, there’s always something to do. The city boasts a rich array of dining options, ranging from cozy cafes to exquisite restaurants, ensuring that there’s a taste for every palate. Plus, with a strong sense of community, residents often come together for local events and festivals that celebrate the city’s vibrant culture.

For those looking to make Greenwood their home, the real estate market is particularly appealing. You’ll find a diverse selection of charming homes available for under $400,000, making it an attractive option for first-time buyers or those looking to downsize. Whether you’re searching for a quaint bungalow, a modern family home, or a spacious townhouse, Greenwood has something to suit every lifestyle and budget.

Discover the welcoming spirit of Greenwood, where your dream home awaits, and experience all the joys this delightful city has to offer!

Newest Greenwood Homes under $400,000

2991 Jay Dee Lane, Greenwood
$380,000
4 Beds ⋅ 3 Baths
WELCOME HOME to 2991 Jay Dee Lane in Greenwood, Indiana, where space, convenience and freedom come together on nearly ONE ACRE with NO HOA! Looking for room to spread out, garden, enjoy outdoor living or bring your chickens? Chickens are welcome here! This spacious split-level home offers a flexible multi-level floor plan designed for everyday living and entertaining. Step inside to a warm and inviting living area highlighted by a cozy fireplace, while the home's unique layout provides plenty of room to create separate living, entertaining, office or hobby spaces. A walk-in shower adds convenience to the home's functional design. Outside is where this property really separates itself. The expansive .95+/- acre lot provides the space buyers are looking for without the restrictions of an HOA. Create your own backyard retreat, add a garden, enjoy evenings around the firepit or simply appreciate having more room between you and your neighbors. LOCATION, LOCATION, LOCATION! Enjoy easy access to I-69, making this a great option for commuters and those relocating to the Indianapolis and Greenwood area. Convenient to major employment centers, healthcare, shopping, dining and everyday amenities, including Amazon, FedEx Ground, Community Hospital South and the growing southside Indianapolis employment corridor. If you've been searching for a Greenwood home with acreage, NO HOA, easy interstate access and room to make it your own, 2991 Jay Dee Lane deserves a look. Schedule your private showing today!

2991 Jay Dee Lane, Greenwood

Listing courtesy of Daniels Real Estate.

969 Stonegate, Greenwood
$270,000
3 Beds ⋅ 2 Baths
Discover the inviting charm of 969 Stonegate in Greenwood, IN. This 2302 square foot single family residence, built in 1976, is ready to move into and offers a comfortable, multi-level living experience across its three stories. The heart of this home is an open plan kitchen, seamlessly connecting with the living room. It's equipped with stainless steel appliances, ready for culinary adventures and entertaining. The living room itself provides a cozy ambiance, centered around a fireplace, perfect for gathering and relaxation. Beyond the interior, this split-level home also benefits from an attached garage, providing practical storage and parking solutions. Schedule your private viewing to experience the comfortable lifestyle this property offers. All room Sizes and total Square Feet should be confirmed by the buyer .

969 Stonegate, Greenwood

Listing courtesy of Values Driven Realty, Inc..

2489 Harvest Moon Drive, Greenwood
$249,000
3 Beds ⋅ 3 Baths
Welcome to this spacious 2-story home offering 3 bedrooms, 2.5 bathrooms, and 1,903 square feet of living space! Enjoy a welcoming floor plan with generous living areas and a cozy fireplace, perfect for gathering and relaxing. Step outside to the wood deck overlooking the backyard, offering additional space for entertaining or unwinding outdoors. An attached garage adds convenient parking and storage. Schedule your showing today! One or more photos may have been virtually staged.

2489 Harvest Moon Drive, Greenwood

Listing courtesy of Mainstay Brokerage LLC.

1183 Red Tail Court, Greenwood
$295,000
3 Beds ⋅ 2 Baths
Easy one-level living on a corner cul-de-sac lot, where the HOA handles lawn care, irrigation and snow removal so weekends stay your own. The open kitchen anchors the main living space with a gas range (a 240V outlet is already in place if you prefer to cook electric), stainless appliances and a breakfast bar that looks into the living room, with a slider out to the patio. A separate office with glass-front display cabinets that stay makes a real work-from-home or hobby room. The split bedroom layout gives the primary suite its own side of the home, with a tiled walk-in shower, and the Elfa closet systems convey. Recent updates include an electric water heater under a year old, and the owned water softener stays. The garage adds a storage system and EV charging installed in 2024. As an end unit, it enjoys a wide side and back lawn, with the patio right off the living room.

1183 Red Tail Court, Greenwood

Listing courtesy of Mark Dietel Realty, LLC.

348 W Wiley Street, Greenwood
$299,000
3 Beds ⋅ 2 Baths
Located in the heart of historic Downtown Greenwood, this recently renovated home offers the perfect combination of character, convenience, and flexibility. Just minutes from local restaurants, shops, parks, and everything the revitalized downtown area has to offer, the location is hard to beat, with convenient access to US-31 and I-65. (Redfin) Previously operated as a successful mid-term rental, the home is being sold fully furnished, making it an excellent opportunity for an investor or a buyer looking for a truly move-in-ready property. Inside, you'll find an updated interior with plenty of charm and comfortable living space. Outside, enjoy a spacious backyard along with a large detached two-car garage offering plenty of room for parking, storage, or additional workspace. Whether you're looking for your next home, a furnished rental opportunity, or a property near one of Greenwood's most active and walkable areas, this one offers a unique combination of location, updates, and versatility.

348 W Wiley Street, Greenwood

Listing courtesy of eXp Realty, LLC.

973 Thornwood Drive, Greenwood
$350,000
4 Beds ⋅ 3 Baths
BRENTWOOD- 4500 sqft TWO STORY + BASEMENT & In-Ground SWIMMING POOL; 4 BED 2.5 BATH; Heart of Center Grove & tons of square footage and plenty to enjoy inside and outside. MAIN~ KITCHEN: Eat-In, Center Island, SS Refrigerator, Plenty of Countertop Space & Cabinets, Pantry & view out to backyard + pool area and BREAKFAST NOOK; FAMILY ROOM: Open to entertain, open concept to Kitchen & Brkfst Nook; DINING ROOM; LIVING ROOM: Excellent front-room, carpeted; LAUNDRY: on main, washer & dryer included; UP~ 4 Nice-sized BEDROOMS & 2 Full Baths including MASTER: Vaulted Ceiling, En Suite with Garden Tub, Full Separate Shower, Dual Sinks, Walk-In Closet; BEDS 2-3-4: Full Bath & Tub/Shower, Large Closets, Lots of Space; BASEMENT~ 1100 sqft; Finished with BONUS ROOM/EXERCISE ROOM?STORAGE/UTILITY + Rough-In for FULL BATH; OUTSIDE: 2 CAR GARAGE: Finished, Epoxy Floor, Great Storage; COVERED FRONT PORCH; Concrete Driveway; OUT BACK: InGround Pool w/ Electric Cover; Custom DECK w Rails; Full FENCED Backyard including Privacy Fence & Chainlink with gates; LOCATION: tucked into the neighborhood, close to school, Easy to I69 exit at Smith Valley, Shopping, Restaurants, Grocery, and more; LOW HOA & taxes reduce with Homestead, Total ELECTRIC & Easy to Maintain.

973 Thornwood Drive, Greenwood

Listing courtesy of Jeff Paxson Team.

2716 Liam Place, Greenwood
$361,540
4 Beds ⋅ 3 Baths
Lincoln Place is a new community of single-family homes from Lennar's Venture Collection. Just a short drive from downtown, residents enjoy easy access to local dining, shopping, and entertainment, along with nearby parks like City Center Park and Old City Park for outdoor recreation. On the first floor of this new two-story home is an open-concept layout shared among the modern kitchen, lovely dining room and a welcoming Great Room with backyard access, perfect for seamless everyday living and multitasking. In a corner is a peaceful bedroom for versatile needs. Upstairs is a generously sized loft surrounded by two secondary bedrooms and a spacious owner's suite. A 4' extension in the garage adds extra storage! *Photos/Tour of model may show features not selected in home.

2716 Liam Place, Greenwood

Listing courtesy of Compass Indiana, LLC.

848 Briarstone Drive, Greenwood
$340,000
4 Beds ⋅ 3 Baths
A Standout Option at this Price Point! Well-maintained 2015 build offering approx. 2,510sqft of thoughtfully designed living space, a desirable open-concept floor plan, and an outdoor setting that truly sets this home apart. The standout feature is the pond-facing backyard. A fully fenced backyard opens to peaceful pond views with no home immediately behind the property, creating an uncommon sense of privacy and an inviting backdrop for everyday living. The bright 12x10 all-season sunroom provides the perfect place to enjoy the view year-round, while the finished 18x12.5 concrete patio extends the living and entertaining space outdoors. For those who enjoy fishing, this lot is ideal with the pond just beyond the fence. Inside, the main level features a 10ft ceiling and modern open layout, connecting the kitchen, dining, and living areas for comfortable everyday living and entertaining. The kitchen offers a center island, abundant cabinetry, large pantry, tile backsplash, and stainless-steel appliances. A dedicated front office provides a functional work-from-home space, while the upstairs offers 4 bedrooms, a versatile loft, and 2 full baths. Every bedroom features a walk-in closet. The oversized primary suite includes a vaulted ceiling, space for a sitting area, a large walk-in closet, and an en-suite bath with dual vanities, soaking tub, and separate shower. Recent improvements add value and peace of mind, including new upstairs carpeting (2026), a dimensional shingle roof and refreshed exterior trim and shutters (2022), a professionally installed black aluminum fence (2020), and the large finished concrete patio added in 2022. The oversized 2-car garage features a 4ft bump-out, providing valuable extra space for storage, a workshop, or a home gym. Conveniently located approx. 3min from the I-65 interchange. Easy access to Greenwood shopping, dining, everyday conveniences, and the greater Indianapolis metro area. Clark-Pleasant Schools. This one is a must-see

848 Briarstone Drive, Greenwood

Listing courtesy of Berkshire Hathaway Home.

2204 Bluewing Road, Greenwood
$360,000
3 Beds ⋅ 2 Baths
Pack your bags and move right in. 3 bedroom, 2 full baths located in Greenwood with easy access to the Interstate, shopping, restaurants, medical, and schools. The spacious entry welcomes guest to a large open great room and a formal dining room. There is a breakfast room and open kitchen that features newer appliances to make entertaining easy. Step out onto the patio to the fenced in and manicured yard, great spot for a hammock and relaxing. There is a home security system that is available to continue using if you choose. The furnace and central air are 1 month old; the roof is a year old with a 20-year warranty. The water heater is 5 months old. The Sellers have taken care of the high-end items, so it is ready for you to make it your own. Sellers will leave the two large TV's that are mounted and the extra refrigerator in the garage. The washer and dryer also stay. Let's not forget there is a pool and playground included in the HOA fees. Move in and enjoy home ownership in this friendly neighborhood.

2204 Bluewing Road, Greenwood

Listing courtesy of Berkshire Hathaway Home.

895 Padre Lane, Greenwood
$399,500
3 Beds ⋅ 3 Baths
Custom built Contemporary home with 110 feet of lake frontage near Valle Vista golf course, restaurants, shopping, and quick access to I-65. Lake can have sailboats or trolling motors. Kitchen renovation includes raised panel cabinets and granite countertops in the kitchen. Newer Andersen windows. The exterior was freshly painted in 2024 as well as new paint and floor coverings throughout. Great room with cathedral ceiling. Large wood burning stone fireplace. Two sets of patio doors with sweeping water views opening onto the lakefront deck. 18' primary suite with walk-in closet, skylight, and access to a 16' balcony overlooking the lake. Upstairs loft area perfect for a small workspace or reading nook with more expansive water views.

895 Padre Lane, Greenwood

Listing courtesy of Rick Borges Real Estate Ser.

595 N Meridian Street, Greenwood
$180,000
3 Beds ⋅ 1 Baths
Check out this value offering of a one owner home. This one offers three bedrooms, living room and a large eat in kitchen. The location offers convenient access to all the shopping and restaurants Greenwood has to offer. Located just minutes from the Greenwood public library, Greenwood Fieldhouse, Craig Park and the Greenwood trail system.

595 N Meridian Street, Greenwood

Listing courtesy of F.C. Tucker Company.

72 Winterwood Drive, Greenwood
$229,900
3 Beds ⋅ 3 Baths
Welcome home to this beautifully refreshed 3-bedroom, 2-full-bath home perfectly situated in the heart of Greenwood! Thoughtfully updated and move-in ready, this home offers a fantastic combination of comfort, style, and convenience. The exterior has been freshly power washed, while the entire interior has been freshly painted, creating a clean and inviting atmosphere throughout. The main level features all-new LVP flooring, complemented by brand-new carpet upstairs. A new roof was installed in 2025! The seller has also recently installed a new back door. The spacious living room is highlighted by a stunning wood burning fireplace, providing the perfect gathering space to relax and enjoy cozy Indiana evenings. The primary suite offers a private ensuite bathroom and a massive walk-in closet, providing plenty of space and comfort. Step outside to enjoy the paver patio and fully fenced backyard, complete with a privacy fence-an ideal space for entertaining, relaxing, or enjoying time outdoors. Conveniently located near shopping, restaurants, schools, parks, and major interstates, this home puts everything you need just minutes away. With its fresh updates, desirable location, and inviting living spaces, this home is a must-see! Schedule your private showing today and discover everything this wonderful Greenwood home has to offer.

72 Winterwood Drive, Greenwood

Listing courtesy of Steve Lew Real Estate Group, LLC.

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