Indianapolis, IN Homes for Sale under $400,000

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  $399,995 New Construction

  • 5 Beds
  • 3.5 Baths
  • 3,054 Sq Ft

  8347 Grand Appaloosa Way, Indianapolis, IN 46239

  Eagle Manor is a new collection of brand-new single-family homes coming soon to Indianapolis, IN. Residents will enjoy access to onsite amenities, including a playground, picnic areas and bocce ball court. The community is located near downtown Indianapolis, providing convenient access to the best of local shopping, dining and entertainment. There are over 200 local parks, making it easy to enjoy

  Erin Hundley Compass Indiana, LLC

  8347 Grand Appaloosa Way, Indianapolis, IN 46239
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  $379,990 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,755+ Sq Ft

  Valhalla Plan at CityPointe, Indianapolis, IN 46240

  The Valhalla floorplan combines functionality and style into a thoughtfully designed two-story layout with 1,755 to 1,760 square feet of living space. Featuring 2 to 3 bedrooms, 2.5 bathrooms, and a 2-car detached garage, this home is ideal for those seeking both comfort and versatility.

  M/I Homes Builder

  1805 Real St Unit 36455228, Indianapolis, IN 46240
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  $349,990 New Construction

  • 2 Beds
  • 2.5 Baths
  • 2,025 Sq Ft

  10715 Mangrove Dr, Indianapolis, IN 46239

  From the massive gathering room to the back patio and second-floor loft space, this new townhome plan offers tons design flexibility throughout 2,025 square feet! Keep reading to learn more, then reach out to our Internet Sales Team to find out where you can build this impressive floorplan. You'll have the choice between 3 modern exterior designs—traditional, craftsman, or exterior. Head inside

  M/I Homes Builder

  10715 Mangrove Dr, Indianapolis, IN 46239
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  $329,990 New Construction

  • 3 Beds
  • 2.5 Baths
  • 2,001 Sq Ft

  5215 Rolling Meadow Blvd, Indianapolis, IN 46237

  Welcome to 5215 Rolling Meadow Boulevard in Indianapolis, IN, a stunning new construction home built by M/I Homes. This beautiful residence offers 2,001 square feet of thoughtfully designed living space. Home Features: 3 bedrooms 2.5 bathrooms including a luxury owner's en-suite Open-concept living space perfect for entertaining Spacious kitchen island New construction with contemporary finishes

  M/I Homes Builder

  5215 Rolling Meadow Blvd, Indianapolis, IN 46237
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  $316,995 New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,961 Sq Ft

  Norway Plan at Silver Stream, Indianapolis, IN 46235

  One of our newest floor plans and has quickly become one of our most popular. The open kitchen facing the large Great Room separated by a long bar-top is perfect for everything from late night entertaining to homework sessions, just one example of the flexibility of this floor plan. The den can also become a first floor 5th bedroom. The upstairs includes a loft, laundry room and a total of 4

  Arbor Homes Builder

  4631 Jasper Ridge Blvd Unit 36463796, Indianapolis, IN 46235
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  $337,990 New Construction

  • 4 - 6 Beds
  • 2.5 - 4.5 Baths
  • 2,614+ Sq Ft

  Juliet Plan at Grayson, Indianapolis, IN 46239

  Introducing the Juliet plan—your new dream home with 4–5 bedrooms, 3.5 bathrooms, 2,614–2,734 square feet, and endless design possibilities.

  M/I Homes Builder

  7311 Waylon Way Unit 36502146, Indianapolis, IN 46239
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  $389,995 New Construction

  • 5 Beds
  • 3.5 Baths
  • 3,054 Sq Ft

  Valencia Plan at Eagle Manor, Indianapolis, IN 46239

  The largest floorplan in the collection, this two-story home offers convenience and comfort. A separate bedroom and a study can be found off the foyer, providing space for guests and a practical home office. The Great Room, dining room and kitchen are arranged among a spacious open floorplan. Four bedrooms and a loft are located on the second floor.

  Lennar Builder

  5332 S Franklin Rd Unit 38336441, Indianapolis, IN 46239
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  $361,670 New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,262 Sq Ft

  3934 Quinn Rd, Indianapolis, IN 46239

  Discover this stunning new construction home at 3934 Quinn Road in Indianapolis / Franklin Township, built by M/I Homes. This beautiful 4-bedroom, 2.5-bathroom home offers 2,262 square feet of thoughtfully designed living space. Key Features: Flex room Open-concept living space Loft Owner's en-suite bathroom The home features an open-concept living space that seamlessly connects the main areas,

  M/I Homes Builder

  3934 Quinn Rd, Indianapolis, IN 46239
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  $312,990 New Construction

  • 3 Beds
  • 2 Baths
  • 1,716 Sq Ft

  5526 Aspen Wood Ln, Indianapolis, IN 46239

  Discover this stunning new construction home at 5526 Aspen Wood Lane in Indianapolis. This thoughtfully designed 1,716 square foot home offers exceptional comfort and functionality for your lifestyle. Key Features: 3 bedrooms including a main-floor owner's suite 2 bathrooms Open-concept living space perfect for entertaining and daily living The home's floorplan maximizes space and flow, creating

  M/I Homes Builder

  5526 Aspen Wood Ln, Indianapolis, IN 46239
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  $315,990 New Construction

  • 3 - 4 Beds
  • 2.5 Baths
  • 2,128+ Sq Ft

  Brooklyn Plan at Grayson, Indianapolis, IN 46239

  Welcome to the Brooklyn plan, a home that's perfect for those seeking spaciousness, elegance, and top-notch craftsmanship. This home features 3 bedrooms (with an optional fourth), 2.5 bathrooms, a 2-car garage, and 2,128–2,245 square feet of living space.

  M/I Homes Builder

  7311 Waylon Way Unit 36492721, Indianapolis, IN 46239
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  $334,990 New Construction

  • 3 Beds
  • 2.5 Baths
  • 2,139 Sq Ft

  3905 Highcrest Rd, Indianapolis, IN 46239

  Welcome to 3905 Highcrest Road Indianapolis, IN, a stunning new construction home built by M/I Homes offering 2,139 square feet of thoughtfully designed living space. This charming new-build home features: 3 bedrooms and a flex room 2 bathrooms with quality fixtures Open-concept living space ideal for entertaining and family gatherings New construction with contemporary design elements Carefully

  M/I Homes Builder

  3905 Highcrest Rd, Indianapolis, IN 46239
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  $353,990 New Construction

  • 3 Beds
  • 2.5 Baths
  • 2,180 Sq Ft

  5220 Rolling Meadow Blvd, Indianapolis, IN 46237

  Discover this stunning new construction home at 5220 Rolling Meadow Boulevard in Indianapolis. Built by M/I Homes, this thoughtfully designed 3-bedroom, 2.5-bathroom home offers 2,180 square feet of comfortable living space. Key Features: Open-concept living space Electric fireplace Loft Walk-in closets in each bedroom Owner's en-suite bathroom The home's open-concept design creates seamless flow

  M/I Homes Builder

  5220 Rolling Meadow Blvd, Indianapolis, IN 46237
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  $362,390 New Construction

  • 4 Beds
  • 3 Baths
  • 2,170 Sq Ft

  8432 Grand Appaloosa Way, Indianapolis, IN 46239

  Eagle Manor is a new collection of brand-new single-family homes coming soon to Indianapolis, IN. Residents will enjoy access to onsite amenities, including a playground, picnic areas and bocce ball court. The community is located near downtown Indianapolis, providing convenient access to the best of local shopping, dining and entertainment. There are over 200 local parks, making it easy to enjoy

  Erin Hundley Compass Indiana, LLC

  8432 Grand Appaloosa Way, Indianapolis, IN 46239
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  $389,995 New Construction

  • 5 Beds
  • 3 Baths
  • 2,422 Sq Ft

  Hampshire Plan at Montgomery Woods, Indianapolis, IN 46239

  This first level of this two-story home offers a flex room as an ideal space for overnight stays. The Great Room, kitchen and dining room can also be found on the first floor, arranged in an expansive floorplan. Upstairs, all four bedrooms await, plus a loft offering additional living space for the entire family.

  Lennar Builder

  4436 Mendocino Blvd Unit 36041315, Indianapolis, IN 46239
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  $304,995 New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,580 Sq Ft

  Palmetto Plan at Trails at Grassy Creek, Indianapolis, IN 46229

  The Palmetto is one of Arbor Homes newest and most flexible floorplans offering everything you could want in a new construction home. With multiple elevation styles, optional basements, and the choice of a full front porch or breezeway, The Palmetto can easily be tailored to your lifestyle.Step inside to a spacious front living area that can serve as a formal dining room or quiet office with

  Arbor Homes Builder

  10018 Falls Canyon Ln Unit 36502430, Indianapolis, IN 46229
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  $333,990 New Construction

  • 3 Beds
  • 2.5 Baths
  • 2,128 Sq Ft

  7125 Waylon Way, Indianapolis, IN 46239

  Discover this stunning new construction home at 7125 Waylon Way in Indianapolis / Franklin Township, built by M/I Homes. This thoughtfully designed 3-bedroom, 2.5-bathroom home offers 2,128 square feet of open-concept living space. Key Features: Flex room Open-concept living space Loft Walk-in closets in each bedroom This home showcases exceptional design quality with attention to detail

  M/I Homes Builder

  7125 Waylon Way, Indianapolis, IN 46239
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  $342,990 New Construction

  • 3 Beds
  • 2.5 Baths
  • 2,293+ Sq Ft

  Spring Valley Plan at Belmont, Indianapolis, IN 46237

  Welcome home to the Spring Valley at Belmont! Part of our Smart Series, this stunning two-story floorplan features four different elevations to choose from and extensive upgrades to create a home that's well-suited for you.

  M/I Homes Builder

  5107 Triple Crown Way Unit 36475209, Indianapolis, IN 46237
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  $327,990 New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,388+ Sq Ft

  Peyton Plan at Grayson, Indianapolis, IN 46239

  Welcome to the Peyton floorplan—a 2-story home featuring 4 bedrooms, 2.5 bathrooms, and 2,388–2,508 square feet of living space!

  M/I Homes Builder

  7311 Waylon Way Unit 36450335, Indianapolis, IN 46239
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  $301,995 New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,580 Sq Ft

  Palmetto Plan at Augusta Heights, Indianapolis, IN 46268

  The Palmetto is one of Arbor Homes newest and most flexible floorplans offering everything you could want in a new construction home. With multiple elevation styles, optional basements, and the choice of a full front porch or breezeway, The Palmetto can easily be tailored to your lifestyle.Step inside to a spacious front living area that can serve as a formal dining room or quiet office with

  Arbor Homes Builder

  0 Garnet Ave Unit 36462235, Indianapolis, IN 46268
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  $393,685 New Construction

  • 5 Beds
  • 3 Baths
  • 2,736 Sq Ft

  8353 Grand Appaloosa Way, Indianapolis, IN 46239

  This two-story home is ideal for families and features a convenient first-floor bedroom, ideal for overnight guests, along with a private study and an open layout shared between the kitchen, dining area and Great Room. The second level includes a versatile loft surrounded by four spacious bedrooms—three of which feature walk-in closets. The upper-level owner’s suite is complemented by an attached

  Lennar Builder

  8353 Grand Appaloosa Way, Indianapolis, IN 46239
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  $307,995 New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,343 Sq Ft

  Spruce Plan at Edgebrook Preserve, Indianapolis, IN 46239

  One of our most versatile and popular floor plans featuring an open floor plan and flex room upstairs and down.

  Arbor Homes Builder

  10909 Helmcrest Dr Unit 36477484, Indianapolis, IN 46239
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  $395,000

  • 4 Beds
  • 2.5 Baths
  • 2,286 Sq Ft

  651 Eugene St, Indianapolis, IN 46208

  Step inside this nearly new Four Square home, rebuilt from the studs up with thoughtful design and modern style! Every inch has been updated-inside and out-creating a home that feels brand new while preserving classic character. The bright, open floor plan is filled with natural light and neutral finishes, featuring luxury vinyl plank flooring throughout the main level and a designer kitchen with

  Erica Shupert Redfin Corporation

  651 Eugene St, Indianapolis, IN 46208
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  $337,890 New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,128 Sq Ft

  3938 Teakmill Trail, Indianapolis, IN 46239

  Discover this stunning new construction home at 3938 Teakmill Trail in Indianapolis / Franklin Township, built by M/I Homes. This thoughtfully designed 4-bedroom, 2.5-bathroom home offers 2,128 square feet of comfortable living space with the owner's bedroom conveniently located upstairs. Key Features: Flex room Open-concept living space Owner's en-suite bathroom The home's floorplan maximizes

  M/I Homes Builder

  3938 Teakmill Trail, Indianapolis, IN 46239
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  $320,990 New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,262+ Sq Ft

  Aubrey Plan at Grayson, Indianapolis, IN 46239

  Explore the stunning new Aubrey floorplan, offering 4 bedrooms, 2.5 bathrooms, and 2,262–2,379 square feet of thoughtfully designed living space!

  M/I Homes Builder

  7311 Waylon Way Unit 36500377, Indianapolis, IN 46239
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  $370,390 New Construction

  • 5 Beds
  • 3 Baths
  • 2,422 Sq Ft

  8341 Grand Appaloosa Way, Indianapolis, IN 46239

  This first level of this two-story home offers a flex room as an ideal space for overnight stays. The Great Room, kitchen and dining room can also be found on the first floor, arranged in an expansive floorplan. Upstairs, all four bedrooms await, plus a loft offering additional living space for the entire family.

  Lennar Builder

  8341 Grand Appaloosa Way, Indianapolis, IN 46239
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  $360,000

  • 5 Beds
  • 3 Baths
  • 2,308 Sq Ft

  10644 Pintail Ln, Indianapolis, IN 46239

  Welcome to this beautifully maintained 5-bedroom, 3-bath home in the desirable Hunters Crossing Estates in Franklin Township! Explore this home via interactive 3D home tour, complete with floor plans. Step inside to an inviting and functional entryway featuring a built-in bench and cubbies-perfect for keeping daily life organized. The open floor plan flows into a bright and cozy great room with

  David Brenton DAVID BRENTON'S TEAM

  10644 Pintail Ln, Indianapolis, IN 46239
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  $385,000

  • 5 Beds
  • 2.5 Baths
  • 2,840 Sq Ft

  533 Schmitt Rd, Indianapolis, IN 46239

  Welcome to your dream home, a beautifully designed Colonial-inspired retreat that perfectly blends timeless elegance with today's lifestyle upgrades! With 5 spacious bedrooms and 2.5 sparkling bathrooms, there's room for everyone (and then some!). From the moment you pull up, this home radiates warmth and charm. Inside, discover inviting living spaces ideal for both cozy nights in and lively

  Erin Garvey The Cooper Real Estate Group

  533 Schmitt Rd, Indianapolis, IN 46239
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  $358,960 New Construction

  • 3 Beds
  • 2 Baths
  • 1,716 Sq Ft

  5502 Aspen Wood Ln, Indianapolis, IN 46239

  Discover this stunning new construction ranch villa home at 5502 Aspen Wood Lane in Indianapolis, built by M/I Homes. This thoughtfully designed 1,716 square foot home offers exceptional quality and comfortable living spaces. Key Features: 3 bedrooms, 2 full bathrooms Owner's en-suite bathroom with a dual-sink vanity Open-concept living space Extended veranda The home's floorplan maximizes

  M/I Homes Builder

  5502 Aspen Wood Ln, Indianapolis, IN 46239
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  $371,390 New Construction

  • 5 Beds
  • 3 Baths
  • 2,460 Sq Ft

  8438 Grand Appaloosa Way, Indianapolis, IN 46235

  The first level of this two-story home is host to the Great Room, kitchen and breakfast nook, which conveniently share an open floorplan to promote simplified living. In a private corner is a versatile bedroom well-suited as a designated guest room. A bonus room and the remaining four bedrooms occupy the second floor, including the serene owner’s suite with an attached bathroom and walk-in closet.

  Lennar Builder

  8438 Grand Appaloosa Way, Indianapolis, IN 46235
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  $349,990 New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,264 Sq Ft

  3930 Quinn Rd, Indianapolis, IN 46239

  Discover this stunning new construction home at 3930 Quinn Road in Franklin Township, built by M/I Homes. This impressive 4-bedroom, 2.5-bathroom home spans 2,264 square feet of thoughtfully designed living space. Key Features: Flex room Open-concept living space Electric fireplace Loft Owner's en-suite bathroom The home features an open-concept living space that seamlessly connects the main

  M/I Homes Builder

  3930 Quinn Rd, Indianapolis, IN 46239
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  $333,990 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,995 Sq Ft

  5107 Rolling Meadow Blvd, Indianapolis, IN 46237

  Discover this stunning new construction home at 5107 Rolling Meadow Boulevard in Indianapolis, built by M/I Homes. This thoughtfully designed 1,995 square foot home showcases quality craftsmanship and contemporary living. Home Features: 3 bedrooms, 2.5 bathrooms Open-concept living space Electric fireplace Walk-in closets in each bedroom Owner's en-suite bathroom This newly constructed home

  M/I Homes Builder

  5107 Rolling Meadow Blvd, Indianapolis, IN 46237
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  $359,990 New Construction

  • 3 Beds
  • 2 Baths
  • 2,191+ Sq Ft

  Cheswicke II Plan at Sagebrook West - Prestige Series, Indianapolis, IN 46239

  Welcome to the Cheswicke II! This ranch-style home gives you the amenities needed for today’s lifestyle as well as the options to truly make it your own. Throughout, you will find a two-car garage, an open-concept kitchen, a dining nook, a gathering room, a dining room, three bedrooms, and two bathrooms.

  M/I Homes Builder

  10715 Mangrove Dr Unit 36459194, Indianapolis, IN 46239
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  $315,000

  • 4 Beds
  • 2.5 Baths
  • 2,276 Sq Ft

  7138 Eagle Trace Way, Indianapolis, IN 46237

  Welcome to this inviting 4-bedroom, 2.5-bath two-story home with a basement, offering space, functionality, and comfort. Explore this home via interactive 3D home tour, complete with floor plans. Step inside to a bright, welcoming entryway with an open balcony overlooking the entry. The main level has an easy, open layout with a cozy great room featuring a gas fireplace. The kitchen has plenty of

  David Brenton DAVID BRENTON'S TEAM

  7138 Eagle Trace Way, Indianapolis, IN 46237
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  $332,990 New Construction

  • 2 - 3 Beds
  • 2 Baths
  • 1,842+ Sq Ft

  Ashton Plan at Hickory Run, Indianapolis, IN 46239

  Welcome to the Ashton! This impressive, 1- or 2-story floorplan offers a spacious layout with 1,842–3,433 square feet of space depending on how you choose to personalize your new home. Come find out more today!

  M/I Homes Builder

  10103 Bitternut Run Unit 36469831, Indianapolis, IN 46239
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  $379,999 New Construction

  • 5 Beds
  • 2.5 Baths
  • 2,446 Sq Ft

  12146 Olivine Ave, Cumberland, IN 46229

  Welcome to The Legacy 2432 at 12146 Olivine Avenue in Rockridge! Beauty and function come together in this stunning design. Step through the covered porch and into a welcoming foyer, where you’ll find a versatile flex room and a convenient powder bath. Continue on to an open-concept great room that flows effortlessly into a modern kitchen with a spacious island and a cozy breakfast area creating

  Taylor Morrison Builder

  12146 Olivine Ave, Cumberland, IN 46229
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  $375,390 New Construction

  • 5 Beds
  • 3 Baths
  • 2,422 Sq Ft

  8409 Grand Appaloosa Way, Indianapolis, IN 46239

  This first level of this two-story home offers a flex room as an ideal space for overnight stays. The Great Room, kitchen and dining room can also be found on the first floor, arranged in an expansive floorplan. Upstairs, all four bedrooms await, plus a loft offering additional living space for the entire family.

  Lennar Builder

  8409 Grand Appaloosa Way, Indianapolis, IN 46239
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  $338,995 New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,011 Sq Ft

  Broadmoor Plan at Eagle Manor, Indianapolis, IN 46239

  Lennar Builder

  5332 S Franklin Rd Unit 38336435, Indianapolis, IN 46239
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  $359,900

  • 3 Beds
  • 2.5 Baths
  • 1,926 Sq Ft

  515 Orange St, Indianapolis, IN 46203

  If you're looking for modern living in the growing Bates-Hendricks neighborhood, look no further. This home was rebuilt from the studs up and features 3 generously sized bedrooms and 2.5 beautifully appointed baths, including a primary suite on the main level. Near the front of the home is a spacious gourmet kitchen, showcasing elegant quartz countertops and a central island. Just adjacent to

  Joshua Carpenter Trueblood Real Estate

  515 Orange St, Indianapolis, IN 46203
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  $356,630 New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,128 Sq Ft

  3923 Quinn Rd, Indianapolis, IN 46239

  Discover this stunning new construction home at 3923 Quinn Road in Franklin Township, built by M/I Homes. This thoughtfully designed 4-bedroom, 2.5-bathroom home offers 2,128 square feet of comfortable living space with an open-concept layout perfect for both daily living and entertaining. Key Features: 2.5-car garage Flex room with a walk-in closet Open-concept living space Walk-in closets in

  M/I Homes Builder

  3923 Quinn Rd, Indianapolis, IN 46239
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  $337,990 New Construction

  • 3 Beds
  • 2.5 Baths
  • 2,169+ Sq Ft

  Hickory Plan at Belmont, Indianapolis, IN 46237

  Welcome to the Hickory located at our Belmont community in Franklin Township. This lovely two-story home features three bedrooms, two-and-a-half bathrooms, a two-car garage, a gathering room, a dining nook, a kitchen, and a loft. More upgrade options are available to help meet the needs of your family.

  M/I Homes Builder

  5107 Triple Crown Way Unit 36495845, Indianapolis, IN 46237

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