Indianapolis, IN Homes for Sale under $500,000

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  /75

  $365,000

  New Construction $20K PRICE DROP

  • 4 Beds
  • 3.5 Baths
  • 2,013 Sq Ft

  3217 W 48th St, Indianapolis, IN 46228

  HUGE PRICE DROP!!! Get ready to fall head over heels for 3217 W 48th St, Indianapolis!!! This 2026 new build and delightful single-family residence offers a generous 2013sf of living space. Prepare to be charmed by a home that is brand new and bursting with personality. The heart of this home beats in its fabulous kitchen. Imagine culinary adventures on sleek stone counters, with a central island

  Seun A Zion Group REALTORS, LLC

  3217 W 48th St, Indianapolis, IN 46228
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  /27

  $220,000

  $14K PRICE INCREASE

  • 2 Beds
  • 2 Baths
  • 1,096 Sq Ft

  6648 Greendale Ln, Indianapolis, IN 46241

  Move-in ready and low maintenance, this charming ranch home offers convenient one-level living with 2 bedrooms and 2 full baths. Recent updates include luxury vinyl plank flooring, fresh paint throughout, new light fixtures, a new furnace, new A/C, and a new water heater. The kitchen features new appliances, making this home truly turnkey. Enjoy the fenced backyard with a privacy fence, perfect

  Emily Brewer Redfin Corporation

  6648 Greendale Ln, Indianapolis, IN 46241
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  /25

  $289,999

  $10K PRICE DROP

  • 6 Beds

  1306 W 30th St, Indianapolis, IN 46208

  Fully renovated turnkey duplex producing $3,800/month in approved rents! Major updates include new roof, new mechanicals, new windows, granite countertops, tile bathrooms, tall 42-inch cabinets, new flooring, and modern finishes throughout. With $45K+/year in scheduled gross rent, this property offers strong cash flow and reduced near-term maintenance for the next investor. Landlord-paid

  Aaron Gourdouze Redfin Corporation

  1306 W 30th St, Indianapolis, IN 46208
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  /61

  $275,995

  New Construction

  • 3 Beds
  • 2 Baths
  • 1,801 Sq Ft

  Chestnut Plan at Grassy Creek South, Indianapolis, IN 46239

  Looking for the perfect ranch-style home as your new home? Take a look at The Chestnut and its many optional upgrades. With the option to add a bonus room with a bedroom and full bathroom, you have the potential for 2,600+ square feet of living space in a ranch home.When you enter the home, you will see the first two bedrooms and a full bathroom. As you move throughout The Chestnut, notice the

  Arbor Homes Builder

  10909 Helmcrest Dr Unit 36501783, Indianapolis, IN 46239
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  /55

  $269,995

  New Construction

  • 3 Beds
  • 2.5 Baths
  • 2,186 Sq Ft

  Gladstone Plan at Midelton - Arrival Series, Indianapolis, IN 46235

  The Gladstone offers up to 2,186 square feet of thoughtfully designed comfort across three stories, combining the feel of a free-standing townhome with the affordability of a compact footprint. Step onto the inviting front porch and enter a flexible first-floor space offering 254 square feet of optional finished living area perfect for a home office, guest suite, or entertainment zone. This level

  Arbor Homes Builder

  11127 E 46th St Unit 37901649, Indianapolis, IN 46235
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  /15

  $337,995

  New Construction $2K PRICE INCREASE

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

  Hampshire Plan at Noble Heights - Carriage, Indianapolis, IN 46113

  This new two-story home is designed to provide ample room to grow and entertain. The first-floor Great Room, kitchen and dining area are arranged in an expansive open-concept layout to prioritize ease of living. On the same level is a quiet bedroom to host guests, while upstairs are the remaining four bedrooms and a comfortable loft for additional space.

  Lennar Builder

  8813 Dingley Rd Unit 39891765, Indianapolis, IN 46113
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  /33

  $407,995

  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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  /6

  $439,990

  New Construction

  • 4 - 6 Beds
  • 2.5 - 5.5 Baths
  • 3,141+ Sq Ft

  Ainsley II Plan at Hickory Run - Prestige Series, Indianapolis, IN 46239

  Welcome home to the Ainsley II. This beautifully crafted two-story home includes four exceptional exterior designs to choose from. Personalize this home to have it best fit your needs.

  M/I Homes Builder

  10103 Bitternut Run Unit 39413574, Indianapolis, IN 46239
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  /35

  $330,990

  New Construction $38K PRICE DROP

  • 3 - 4 Beds
  • 2 - 2.5 Baths
  • 1,983 Sq Ft

  Greenbriar Plan at Maple Street Collection in Emerald Preserve, Indianapolis, IN 46239

  The Greenbriar by Fischer Homes offers a versatile and thoughtfully designed layout to suit modern living. The first floor features a formal living and dining room, which can be converted into an optional study for added flexibility. The open kitchen offers options such as a large island, custom window configurations, and a bay window or alternate door layout in the morning room. Additional

  Fischer Homes Builder

  5250 Hickory Rd Unit 39100020, Indianapolis, IN 46239
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  /62

  $293,995

  New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,176 Sq Ft

  Aspen II Plan at Grassy Creek South, Indianapolis, IN 46239

  The Aspen II floorplan has it all- from a spacious home office, an open concept living and kitchen area, a large loft, and four bedrooms with plenty of space. You cant go wrong choosing this floorplan! Make The Aspen II your own with the many optional upgrades. If you fall in love with the interior, you will love the elevations on the exterior of this new build home!Entering off the front porch,

  Arbor Homes Builder

  10909 Helmcrest Dr Unit 36473987, Indianapolis, IN 46239
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  /67

  $269,900

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,534 Sq Ft

  921 S State Ave, Indianapolis, IN 46203

  Nestled in the heart of Fountain Square, one of Indianapolis's most desirable and energetic neighborhoods, this beautifully maintained 3-bedroom, 2-bath multi-level traditional American townhome offers the perfect combination of style, location, and investment potential. Step inside to a thoughtfully designed layout featuring boutique-style finishes and versatile living spaces ideal for both

  Jim Gilday eXp Realty, LLC

  921 S State Ave, Indianapolis, IN 46203
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  /44

  $369,000

  $20K PRICE DROP

  • 4 Beds
  • 3 Baths
  • 1,619 Sq Ft

  1009 Laurel St, Indianapolis, IN 46203

  Welcome to 1009 Laurel in the heart of Fountain Square - a beautifully renovated 4-bedroom, 3-bath townhome offering the perfect blend of modern luxury and urban convenience. No stone was left unturned in this complete renovation, featuring spacious living areas, stylish finishes, and thoughtfully updated spaces throughout. Enjoy walkable access to Fountain Square's top restaurants, nightlife,

  Chris Price Keller Williams Indy Metro Partners

  1009 Laurel St, Indianapolis, IN 46203
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  /7

  $432,990

  New Construction

  • 4 - 5 Beds
  • 2.5 Baths
  • 3,382+ Sq Ft

  Kensington Plan at Hickory Run - Prestige Series, Indianapolis, IN 46239

  Welcome home to the Kensington. This two-story design is part of our Prestige Series and has been carefully designed to fit your needs. The standard layout of this home includes four bedrooms, two-and-a-half bathrooms, a dining room, a den, and a loft. Options abound in this design so that you can make it yours.

  M/I Homes Builder

  10103 Bitternut Run Unit 39413584, Indianapolis, IN 46239
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  /39

  $338,990

  New Construction $38K PRICE DROP

  • 3 - 4 Beds
  • 2.5 Baths
  • 2,258 Sq Ft

  Yosemite Plan at Maple Street Collection in Emerald Preserve, Indianapolis, IN 46239

  The Yosemite by Fischer Homes offers a versatile and functional design with plenty of options to suit your needs. The main level includes a formal living or dining room, with options for a study, a kitchen island, and a bay window or customized window configuration in the morning and family rooms. An optional electric fireplace and a 4x16 garage expansion add style and convenience. The second

  Fischer Homes Builder

  5250 Hickory Rd Unit 39100029, Indianapolis, IN 46239
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  /4

  $317,990

  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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  /25

  $224,900

  • 3 Beds
  • 2 Baths
  • 1,474 Sq Ft

  1802 S Talbott St, Indianapolis, IN 46225

  Welcome to this beautifully remodeled two-story home on Indianapolis' historic Old Southside, just moments from the vibrant Bates-Hendricks neighborhood. Blending modern updates with classic charm, this 3-bedroom, 2 full bathroom home offers both style and functionality in an ideal location. Step inside to discover a thoughtfully updated interior featuring fresh finishes, an inviting layout, and

  Jennifer Goodspeed Keller Williams Indy Metro Partners

  1802 S Talbott St, Indianapolis, IN 46225
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  /62

  $293,995

  New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,176 Sq Ft

  Aspen II Plan at Silver Stream, Indianapolis, IN 46235

  The Aspen II floorplan has it all- from a spacious home office, an open concept living and kitchen area, a large loft, and four bedrooms with plenty of space. You cant go wrong choosing this floorplan! Make The Aspen II your own with the many optional upgrades. If you fall in love with the interior, you will love the elevations on the exterior of this new build home!Entering off the front porch,

  Arbor Homes Builder

  4631 Jasper Ridge Blvd Unit 36446158, Indianapolis, IN 46235
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  /15

  $409,990

  New Construction

  • 4 - 6 Beds
  • 2.5 - 4.5 Baths
  • 2,884+ Sq Ft

  Drake Plan at Sagebrook West - Prestige Series, Indianapolis, IN 46239

  Welcome to the Drake, part of our Prestige Series. This floorplan includes four bedrooms, two-and-a-half baths, a flex room, a gathering room, an open-concept kitchen, a den, a loft, and a three-car garage. With five distinct elevations the opportunities are endless in creating your dream home.

  M/I Homes Builder

  10715 Mangrove Dr Unit 36487842, Indianapolis, IN 46239
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  /50

  $244,995

  New Construction

  • 3 Beds
  • 2 Baths
  • 1,354 Sq Ft

  Ashton Plan at Silver Stream, Indianapolis, IN 46235

  Picture yourself in The Ashton a flexible ranch-style floorplan by Arbor Homes! Starting at 1,356 square feet, The Ashton offers a split layout ideal for families or first-time homeowners. Featuring three bedrooms and two full baths, this home provides plenty of room to personalize with your choice of finishes and upgrades.Step inside from the inviting front porch to a bright, open layout. Two

  Arbor Homes Builder

  4631 Jasper Ridge Blvd Unit 36450049, Indianapolis, IN 46235
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  /26

  $395,995

  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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  /37

  $344,990

  New Construction $38K PRICE DROP

  • 3 - 4 Beds
  • 2 - 2.5 Baths
  • 2,439 Sq Ft

  Cumberland Plan at Maple Street Collection in Emerald Preserve, Indianapolis, IN 46239

  The Cumberland by Fischer Homes offers a flexible and thoughtfully designed layout to suit modern living. The first floor features an open kitchen with a large pantry, optional island, and customizable morning room or family room configurations. Additional options include a first-floor guest suite, electric fireplace, and a 4x16 garage expansion. Upstairs, the home includes three bedrooms with a

  Fischer Homes Builder

  5250 Hickory Rd Unit 39100028, Indianapolis, IN 46239
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  /26

  $439,990

  New Construction

  • 4 - 6 Beds
  • 2.5 - 5.5 Baths
  • 3,141+ Sq Ft

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

  Welcome home to the Ainsley II. This beautifully crafted two-story home includes four exceptional exterior designs to choose from. Personalize this home to have it best fit your needs.

  M/I Homes Builder

  10715 Mangrove Dr Unit 36459989, Indianapolis, IN 46239
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  /38

  $321,490

  New Construction

  • 4 Beds
  • 2 Baths
  • 2,169 Sq Ft

  11641 Kylemore Dr, Indianapolis, IN 46235

  This new two-story home is optimized for gracious living. Upon entry is a study perfect for remote work, while a convenient open-plan layout connecting the kitchen, dining room and Great Room completes the first floor. The second floor caters to a versatile loft for shared living space, three secondary bedrooms and a serene owner’s suite with an attached bathroom.

  Lennar Builder

  11641 Kylemore Dr, Indianapolis, IN 46235
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  /30

  $302,995

  New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,169 Sq Ft

  Victoria Plan at Clifton Trace, Indianapolis, IN 46235

  This new two-story home is optimized for gracious living. Upon entry is a study perfect for remote work, while a convenient open-plan layout connecting the kitchen, dining room and Great Room completes the first floor. The second floor caters to a versatile loft for shared living space, three secondary bedrooms and a serene owner’s suite with an attached bathroom.

  Lennar Builder

  11631 Cotterill Way Unit 36041295, Indianapolis, IN 46235
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  /13

  $286,990

  New Construction

  • 2 Beds
  • 2.5 Baths
  • 1,716+ Sq Ft

  Dimora Plan at Sagebrook West - Villa Series, Indianapolis, IN 46239

  Welcome home to the Dimora, a brand new paired home design as part of our Villa Series. The standard layout of the home features two bedrooms and two and half bathrooms that includes a study, an open-concept gathering room and kitchen, a veranda, and two-car garage.

  M/I Homes Builder

  10715 Mangrove Dr Unit 36461238, Indianapolis, IN 46239
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  /16

  $329,990

  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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  /45

  $421,990

  New Construction $34K PRICE DROP

  • 4 - 5 Beds
  • 2.5 - 4.5 Baths
  • 2,731 Sq Ft

  Wyatt Plan at Designer Collection in Emerald Preserve, Indianapolis, IN 46239

  The Wyatt by Fischer Homes offers a flexible and open design tailored for modern living. The main level features a versatile living or dining space that can be converted into a private study. The open-concept layout connects the family room, morning room, and kitchen, which boasts an expansive island with seating and a large walk-in pantry, with options for a pocket office and pantry or a morning

  Fischer Homes Builder

  5250 Hickory Rd Unit 39100021, Indianapolis, IN 46239
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  /53

  $282,995

  New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,963 Sq Ft

  Ironwood Plan at Grassy Creek South, Indianapolis, IN 46239

  Introducing the Ironwood by Arbor Homes where openness meets functionality in a thoughtfully designed floorplan.Step into a welcoming foyer with a convenient powder room near the front of the home. The garage includes built-in storage and direct access to the mudroom, perfect for stowing away sports gear or bikes during winter.The spacious great room is ideal for relaxing or entertaining guests,

  Arbor Homes Builder

  10909 Helmcrest Dr Unit 36447365, Indianapolis, IN 46239
• 

  

  /13

  $339,900

  New Construction $10K PRICE DROP

  • 2 Beds
  • 2.5 Baths
  • 1,300 Sq Ft

  2143 Coretta Way, Indianapolis, IN 46202

  This unit is ready for immediate move-in! The Tannin with Terrace floor plan features two bedrooms, two full and one half baths, and an office for the perfect living combination. A one-car attached garage and office with a closet is located on the first floor, ideal for guests or an in-law suite. The second level features an open layout in which the kitchen and island opens up to dining and

  Onyx+East Builder

  2143 Coretta Way, Indianapolis, IN 46202
• 

  

  /22

  $355,000

  $30K PRICE DROP

  • 5 Beds
  • 2.5 Baths
  • 3,061 Sq Ft

  8324 Fieldfare Way, Indianapolis, IN 46237

  Welcome to 8324 Fieldfare Way in Indianapolis, where contemporary design meets spacious everyday living. This beautifully maintained residence combines comfort, functionality, and style in one exceptional home. Designed with modern living in mind, the open-concept layout creates a seamless flow between the kitchen and living areas, making the home ideal for both entertaining and daily life. The

  Lamar Fain Redfin Corporation

  8324 Fieldfare Way, Indianapolis, IN 46237
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  /17

  $328,995

  New Construction $2K PRICE INCREASE

  • 4 Beds
  • 2.5 Baths
  • 2,169 Sq Ft

  Victoria Plan at Noble Heights - Carriage, Indianapolis, IN 46113

  This new two-story home design is the epitome of casual elegance. Off the foyer is a flex space well-suited for versatile needs, while further down the hallway is a spacious open-concept living area that’s fit for modern times. Tucked upstairs are all four bedrooms to provide residents with maximum privacy, plus a loft for extra entertainment space. Rounding out the owner’s suite are an attached

  Lennar Builder

  8813 Dingley Rd Unit 39891844, Indianapolis, IN 46113
• 

  

  /5

  $493,490

  New Construction $1K PRICE INCREASE

  • 4 - 6 Beds
  • 2.5 - 5.5 Baths
  • 3,152+ Sq Ft

  Glendale Basement Plan at Hickory Run - Prestige Series, Indianapolis, IN 46239

  Welcome home to the Glendale. The Glendale is a brand-new floorplan in our Prestige Series, which has been carefully designed to fit the way you live today. Its standard layout features four bedrooms and two and a half bathrooms that includes a flex room, a morning room, a loft, an open-concept design, and a two-car garage.

  M/I Homes Builder

  10103 Bitternut Run Unit 39413588, Indianapolis, IN 46239
• 

  

  /14

  $322,990

  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
• 

  

  /52

  $268,995

  New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,760 Sq Ft

  Juniper Plan at Grassy Creek South, Indianapolis, IN 46239

  Introducing The Juniper one of Arbor Homes newest two-story floorplans, offering beautiful exterior designs and flexible options to make it uniquely yours. Choose from multiple upgrades, add a basement for extra space, or expand your great room with a 2 rear and side extension. You can even add a third-car garage for more storage.Step inside to a welcoming hallway and convenient powder bath

  Arbor Homes Builder

  10909 Helmcrest Dr Unit 36501124, Indianapolis, IN 46239
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  /34

  $245,000

  • Land
  • 14.38 Acres
  • $17,038 per Acre

  3440 Guion Rd, Indianapolis, IN 46222

  Located at 3440 Guion Road in Indianapolis, Indiana, this +/- 14.381-acre multi-parcel property sits along Little Eagle Creek in Marion County and offers a combination of wooded acreage, open ground, and established access in an urban-adjacent setting. The property fronts Guion Road with a gravel drive already in place, providing straightforward access from the road. The wooded acreage along

  Tyler Fritz Whitetail Properties Real Estate

  3440 Guion Rd, Indianapolis, IN 46222
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  /49

  $375,000

  • 3 Beds
  • 2 Baths
  • 2,208 Sq Ft

  4533 Kessler Lane East Dr, Indianapolis, IN 46220

  Nestled on the desirable northeast side of Indianapolis, this spacious 2,208-square-foot home offers the perfect blend of comfort, convenience, and charm. Featuring 3 generously sized bedrooms and 2 full bathrooms, this well maintained property provides plenty of room for both relaxing and entertaining. Situated in a quiet, established neighborhood with no HOA fees, you'll enjoy the freedom and

  Jacob Jenkins America's Land Partners - Indiana, LLC

  4533 Kessler Lane East Dr, Indianapolis, IN 46220
• 

  /2

  $399,990

  New Construction $15K PRICE DROP

  • 4 Beds
  • 2.5 Baths
  • 2,014 Sq Ft

  10014 Redwood Peak Ln, Indianapolis, IN 46259

  Prepare to fall in love with 10014 Redwood Peak Lane in Indianapolis, Indiana — a beautifully crafted new construction home by M/I Homes. This thoughtfully designed 2-story residence offers 2,014 square feet of living space, featuring 4 bedrooms, 2.5 bathrooms, a versatile flex room, and an inviting loft that provide both privacy and generous shared spaces.Step inside to an open-concept main

  M/I Homes Builder

  10014 Redwood Peak Ln, Indianapolis, IN 46259
• 

  

  /40

  $349,900

  • 3 Beds
  • 2.5 Baths
  • 1,782 Sq Ft

  44 S Bolton Ave, Indianapolis, IN 46219

  OPEN HOUSE this Sunday, July 12 from 2:00pm to 4:00pm. This historic Irvington Charmer is fully updated and conveniently located close to everything the area has to offer! This 3 bedroom, 2 full and one half bathroom home is thoughtfully updated to preserve original details while adding designer finishes, bright living spaces, and beautiful new floors. The kitchen features restored cabinetry, new

  Mark Linder CENTURY 21 Scheetz

  44 S Bolton Ave, Indianapolis, IN 46219
• 

  

  /26

  $287,990

  New Construction $3K PRICE INCREASE

  • 4 Beds
  • 2.5 Baths
  • 1,749 Sq Ft

  Sequoia Plan at Palermo Gardens, Indianapolis, IN 46239

  Welcome to the Sequoia at Palermo Gardens, the lowest-priced new single-family homes in Franklin Township. Step inside and discover a thoughtfully designed two-story floor plan with efficient living and a bright flex space. The welcoming great room effortlessly flows into the kitchen and dining area, so you never miss a moment. Add an optional rear covered patio for those warm summer nights and

  Ryan Homes Builder

  4133 Palermo Dr Unit 40058550, Indianapolis, IN 46239
• 

  

  /23

  $425,000

  $24K PRICE DROP

  • 4 Beds
  • 2.5 Baths
  • 3,346 Sq Ft

  8754 Nora Woods Dr, Indianapolis, IN 46240

  Welcome to this spacious two-level home with a finished basement in the desirable Marion/Washington Township area of Indianapolis, offering a perfect blend of comfort, flexibility, and room to grow. Inside, you'll find multiple inviting living and gathering areas ideal for both entertaining and everyday living, while the thoughtful layout provides a natural sense of privacy and flow. A 2-car

  Robert Davenport Plum Tree Realty

  8754 Nora Woods Dr, Indianapolis, IN 46240

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