Greenwood Homes under $400,000

Greenwood Homes under $400,000

Welcome to Greenwood, Indiana – a vibrant city nestled in the heart of Johnson County. Known for its welcoming community, Greenwood is a perfect blend of suburban charm and urban convenience. With its rich history, beautiful parks, and a variety of local shops and restaurants, this city offers a delightful lifestyle for families, professionals, and retirees alike.

Greenwood boasts an impressive array of homes, particularly for those looking for properties under $400,000. Whether you’re a first-time homebuyer or looking to downsize, you’ll find a diverse selection of charming single-family homes, modern townhouses, and cozy condos that fit your budget. Many of these residences feature spacious layouts, updated kitchens, and inviting outdoor spaces, making them ideal for entertaining or enjoying a quiet evening at home.

One of the standout features of living in Greenwood is its access to excellent schools and a strong sense of community. Families will appreciate the highly-rated school districts, while individuals and couples can enjoy the many parks, recreational facilities, and cultural events that bring residents together. The city’s convenient location also means that you’re just a short drive away from the bustling city of Indianapolis, offering even more dining, shopping, and entertainment options.

In Greenwood, you’ll find not just a house, but a place to call home. With affordable properties under $400,000, you can enjoy the best of what this charming city has to offer. Come explore Greenwood and discover your dream home today!

Newest Greenwood Homes under $400,000

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.

1255 N Franklin Road, Greenwood
$245,000
3 Beds ⋅ 2 Baths
Two acres, no HOA, and room to make it your own. 1255 N Franklin Rd sits on a 2-acre lot in Greenwood, so you have the freedom to garden, build, store equipment, or just spread out. This 3-bedroom, 2-bathroom home is a true fixer-upper, a great fit for a buyer ready to put in some sweat equity and finish it their way. Bring your vision, your contractor, and your paint swatches. The garage setup is a standout: a 2-car detached garage plus a 1-car attached garage, three bays in all. Use the detached garage as a workshop, a home for outdoor equipment, or the space for projects that never fit in a typical garage, and keep the attached bay for everyday parking. Two acres with a Greenwood address and no association rules gives you options most homes at this price can't. Offered at $245,000. Schedule your showing and come walk the land to picture what this place could become.

1255 N Franklin Road, Greenwood

Listing courtesy of eXp Realty, LLC.

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.

455 Pleasantview Boulevard, Greenwood
$345,000
3 Beds ⋅ 2 Baths
Outstanding ranch home convenient to everything Greenwood. Just off 135 this 3BR 2 BA home has been completely remodeled and is in move-in condition. Front entry opens to the large living room. Some updates include new luxury flooring throughout the home, fresh paint everywhere, newly added ceiling lights, new roof, HVAC completely replaced in 2020 and many more to follow. The open kitchen/breakfast nook features new cabinets, granite counters and backsplash, stainless appliances, upscale faucet, breakfast bar, pantry and new modern lighting. Primary BR features a new bath with tile shower and floor, new fixtures, new toilet, new vanity and top. Same for hall bath with a new bathtub. This brick home has a nice family room addition which is accessed inside from main living area or the primary bedroom, with an exit door to the backyard. The backyard is huge! Complete with a small patio area, large mini barn with electricity, and a shade tree, all completely surrounded by a new privacy fence. The gas grill can remain, your call. Do you have an RV? Enjoy the newly installed 60-foot gravel drive with 50 AMP RV hookup along the side of the house. Can be easily converted to electric car charger. The Center Grove schools are preferred by many in this area. North Shore Elem is very nearby, just west of the neighborhood.

455 Pleasantview Boulevard, Greenwood

Listing courtesy of Found It LLC.

3233 Meridian Meadows Road, Greenwood
$299,000
2 Beds ⋅ 2 Baths
Space and comfort come together in this updated, well-maintained 2 BR/2 BA patio home in the 55+ community of Lincoln Park in Greenwood! Offering approximately 1,590 square feet of living space and lovely curb appeal, this home sits on an oversized corner lot. Boasting a spacious great room with a gas fireplace and adjoining sunroom filled with natural light. The kitchen with breakfast room, dedicated laundry room, and two-car attached garage add everyday convenience. The community clubhouse hosts a calendar full of neighborhood activities, plus shopping, dining, and area amenities are in close proximity. Schedule your showing today!

3233 Meridian Meadows Road, Greenwood

Listing courtesy of Carpenter, REALTORS®.

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