Greenwood Homes under $500,000

Greenwood Homes under $500,000

Welcome to Greenwood, Indiana, a charming city that perfectly blends small-town warmth with modern conveniences. Nestled just south of Indianapolis, Greenwood is known for its vibrant community, excellent schools, and a plethora of recreational opportunities. With its friendly atmosphere, it’s no wonder that families, young professionals, and retirees alike are drawn to this delightful city.

One of the standout features of Greenwood is its affordability, particularly in the housing market. Here, prospective homeowners can discover a variety of homes priced under $500,000, making it an attractive option for those looking to settle down without breaking the bank. From cozy single-family homes to spacious townhouses, the real estate options in Greenwood cater to diverse tastes and lifestyles. Many properties boast charming features, such as well-maintained gardens, modern kitchens, and open-concept living spaces, perfect for entertaining or enjoying quiet evenings at home.

Greenwood also offers a wealth of amenities, including beautiful parks, shopping centers, and a variety of dining options that cater to every palate. The city’s commitment to community engagement is evident in its numerous events and festivals throughout the year, fostering a sense of belonging among residents.

Whether you’re a first-time homebuyer or looking to downsize, Greenwood’s real estate market provides a fantastic opportunity to invest in a thriving community. Explore the homes under $500,000 and find your perfect piece of this lovely city, where comfort and convenience meet affordability. Welcome to your new home in Greenwood!

Newest Greenwood Homes under $500,000

549 Abbotts Pond Rd, Greenwood
$489,000
3 Beds ⋅ 4 Baths
Welcome to a home designed for comfortable living and effortless entertaining. Enjoy your own private backyard retreat, complete with an expansive deck overlooking a personal swimming pool—ideal for relaxing, entertaining, or soaking up the summer sun. A screened porch provides the perfect transition to the poolside deck. A pergola-covered picnic area creates an ideal spot for outdoor dining and gatherings, while a shed provides convenient storage. The entire pool area is fully fenced for added privacy and enjoyment. Nestled on a spacious 1.85-acre parcel in the peaceful countryside of Greenwood, Delaware, this beautifully maintained 3-bedroom, 3.5-bath home offers the perfect blend of privacy, comfort, and convenience. Inside, the foyer welcomes you into a well-designed floor plan with a bright living room and adjacent dining room accented by elegant chandeliers. The kitchen features a cozy breakfast nook, stainless steel appliances, plentiful cabinetry and counter space, double sinks, and a peninsula with counter seating that opens to the family room. The family room offers direct access to the screened porch, creating an easy flow between the interior and outdoor living spaces. The primary bedroom features a ceiling fan, walk-in closet, and ensuite bathroom with a separate dressing table, step-in shower, and linen closet. Two additional bedrooms share a full bathroom, providing comfortable accommodations for family and guests. Downstairs, the unfinished basement offers excellent potential for additional storage, hobbies, or workspace, with built-ins already in place for a workshop and organized storage. With its versatile floor plan and exceptional outdoor spaces—including the pool, expansive decking, screened porch, pergola, and fully fenced yard—this home is perfectly suited for enjoying everyday living and making lasting memories with family and friends. An attached garage adds everyday convenience, while the expansive lot provides plenty of room to enjoy the outdoors. An extra hot tankless water heart dedicated to 2 bathrooms provides plenty of hot water for all to enjoy. There is a full attic for extra storage, holiday lights already placed under the eaves and a shed next to the pool for all of your toys and accessories. Perfectly situated in rural Delaware, this property offers a peaceful setting just minutes from the excitement of the Delaware State Fairgrounds in one direction and the shopping, dining, and everyday conveniences of Milford in the other. If you've been searching for the tranquility of country living without sacrificing accessibility, this exceptional Greenwood property is ready to welcome you home.

549 Abbotts Pond Rd, Greenwood

Listing courtesy of Compass. Contact:

8147 Champion Ln, Greenwood
$499,000
3 Beds ⋅ 3 Baths
Welcome to 8147 Champion Lane, a beautifully crafted 3-bedroom, 2.5-bath home set on a full acre in Greenwood, Delaware, with NO HOA! Thoughtfully designed with quality, functionality, and comfortable living in mind, this 2,000-square-foot home offers exceptional indoor and outdoor spaces along with an impressive list of upgrades. The inviting covered front porch overlooks the neighboring open field and provides a peaceful place to enjoy the surrounding setting. Inside, 10-foot ceilings, 8-foot interior and exterior doors, cathedral ceilings, and luxury vinyl plank flooring throughout create a spacious and modern feel. The open-concept layout is complemented by a gourmet-style kitchen featuring upgraded countertops, lighting, and finishes, making it an ideal space for both everyday living and entertaining. The spacious primary suite offers a dual-vanity bathroom, beautifully tiled walk-in shower, and oversized walk-in closet. Two additional bedrooms provide generous closet space, while the second full bathroom also features a dual vanity. A dedicated laundry room adds convenience with abundant cabinetry and an upgraded countertop. The outdoor living space is truly a standout feature. A covered rear porch spans the entire length of the home, offering approximately 628 square feet of covered outdoor living space. Just beyond the porch is an expansive paver patio with a beautiful paver wall and built-in stone fire pit, creating the perfect setting for entertaining, relaxing, or enjoying evenings around the fire. The oversized 900-square-foot, fully finished two-car garage provides an exceptional amount of additional space, with separate garage doors and room for vehicles, storage, hobbies, or recreational equipment. The large driveway provides ample parking for guests and additional vehicles. Situated on a full acre with no HOA, this property offers the space and flexibility that can be hard to find. From the thoughtfully designed interior to the incredible outdoor living areas, every detail reflects the quality craftsmanship and attention to detail of The Barndo Co. Delaware. Don't miss the opportunity to experience everything this exceptional Greenwood property has to offer! *There is an opportunity to purchase the 2.13 acre lot next door-reach out to listing agent for more info!*

8147 Champion Ln, Greenwood

Listing courtesy of Keller Williams Realty. Contact:

14475 Broad Ave, Greenwood
$219,900
2 Beds ⋅ 1 Baths
Affordable New Construction on a Rural Country Lot! This brand-new tiny home will be constructed after settlement on a peaceful lot just a short distance from town. Enjoy the opportunity to choose your own colors and make the home feel uniquely yours. Kitchen appliances are included, helping make the move-in process simple. One-time close financing is required and available to qualified buyers, making this an excellent opportunity to purchase a new home with a streamlined financing option. Why rent when you can own? Own cheaper than you can rent! Bring your plans, pick your colors, and make this new home your own!

14475 Broad Ave, Greenwood

Listing courtesy of Coldwell Banker Premier - Seaford. Contact:

14165 Woodbridge Rd, Greenwood
$449,000
2 Beds ⋅ 2 Baths
Come enjoy the space, privacy, and possibilities of country living with this charming Cape Cod-style home situated on 2.85 acres in the heart of Sussex County! Offering 2 bedrooms, 2 full bathrooms, and over 900 square feet of unfinished space on the second floor ready for future expansion, this property provides plenty of room to make it your own. Inside, the kitchen features a center island with bar seating, pantry, and a window overlooking the spacious tree-lined backyard, creating a bright and functional space for everyday living. The extra spacious primary suite includes a private ensuite bath with dual sinks, tile step-in shower, and dual walk-in closets. A comfortable second bedroom and full bathroom complete the finished living space, while the unfinished second floor offers excellent potential for additional bedrooms, a home office, recreation space, or whatever best fits your needs. Outside, nearly three acres of open land create endless opportunities to bring your vision to life—add a pool, build an outbuilding or detached garage, create an expansive outdoor entertaining area, plant a garden, or simply enjoy the extra space and privacy. Tucked away from the hustle and bustle while still approximately 45 minutes from Lewes and Rehoboth Beach, this property offers the best of both worlds—peaceful Sussex County living with Delaware's beaches, dining, shopping, and attractions still within easy reach.

14165 Woodbridge Rd, Greenwood

Listing courtesy of Patterson-Schwartz-Rehoboth. Contact:

12266 Sussex Hwy, Greenwood
$249,900
3 Beds ⋅ 2 Baths
INVESTOR ALERT! Rare opportunity to own 8+ acres with frontage on Route 13. The existing home is an older structure being offered strictly at land value and is considered to be of no value. The listing agent has not entered the home and does not have a key. Buyers should conduct their own due diligence regarding the condition, zoning, permitted uses, subdivision potential, utilities, and development possibilities. The property is being sold AS IS, WHERE IS, with no representations or warranties regarding the condition of the existing structure. A greenhouse on the property is included in the sale. Bring your vision and explore the possibilities!

12266 Sussex Hwy, Greenwood

Listing courtesy of Coldwell Banker Premier - Seaford. Contact:

44 Nicholas Mill St, Greenwood
$399,999
3 Beds ⋅ 2 Baths
Looking for solitude? Need room to grow? Have toys that need homes? This is the one for you! This rancher is off of a Kent County country road, situated off the beaten path. It features a 24' x 24' detached 2 car garage and plenty of room to expand your paradise if desired, but still great as is! The rancher is a split floor plan with the master suite on one side of the home for privacy, and 2 additional bedrooms with a full hall bath on the other side. Put this on your list today!

44 Nicholas Mill St, Greenwood

Listing courtesy of Classic Realty. Contact:

14468 Broad Ave, Greenwood
$144,000
4 Beds ⋅ 2 Baths
Welcome to 14468 Broad Avenue in Greenwood! This 4-bedroom, 1.5-bath rancher offers the convenience of one-level living and an opportunity to bring this home back to life. The spacious layout provides a comfortable starting point for creating a home that reflects your personal style and needs. Inside, you’ll find a generously sized living area, kitchen, four bedrooms, one full bathroom, and an additional half bathroom. The ranch-style floor plan provides convenient access throughout the home, while the four-bedroom layout offers flexibility for bedrooms, a home office, guest space, or other uses. This property presents an opportunity for someone with a vision to make thoughtful improvements and transform the existing space into something special. Whether you're looking to create your next home or take on a project with plenty of possibilities, there is room to bring your ideas to life. Located in the Greenwood area, the property offers convenient access to local schools, shopping, dining, parks, and surrounding communities. Enjoy the small-town feel of Greenwood while remaining within easy reach of nearby towns and everyday amenities. Bring your vision and creativity to 14468 Broad Avenue and discover the possibilities this home has to offer! ***Seller Pays: Buyer uses Premium Title Services, the seller’s preferred title partner and closing agent. This lets the buyer bypass the title insurance fee, related search costs and reduced escrow/settlement fees, since the seller will cover those charges. The average charges for title search and insurance is $1225 & escrow/settlement fees is $875, resulting in an overall savings of $1660 for buyers, who opt for Premium Title Services.

14468 Broad Ave, Greenwood

Listing courtesy of Keller Williams Realty. Contact:

6556 Hickman Rd, Greenwood
$309,000
3 Beds ⋅ 1 Baths
Welcome to 6556 Hickman Road, a 3-bedroom, 1-bathroom home set on approximately 2 acres in a peaceful rural setting. The main level offers a traditional family room, den with fireplace, kitchen with bar seating and a dining nook off to the side, and three bedrooms. The unfinished basement provides laundry space and additional storage or potential. Outside, enjoy a fenced-in ground pool with pool shed, outdoor shower, storage shed, and plenty of room to enjoy the property. The backyard also features apple and pear trees, grapevines, and blueberry bushes, adding to the property's charm and natural appeal. A two-car side-entry garage adds convenient parking and storage. This property is ready for your personal touch and offers plenty of opportunity to make it your own.

6556 Hickman Rd, Greenwood

Listing courtesy of Keller Williams Realty. Contact:

1655 Hickman Rd, Greenwood
$324,999
3 Beds ⋅ 2 Baths
Discover the perfect blend of comfort and functionality in this charming 3-bedroom, 2-bathroom class C manufactured home nestled in the desirable Hickman subdivision. Built in 2008, this residence boasts a well-maintained condition, ensuring a move-in ready experience for its new owners. Step inside to find a thoughtfully designed interior featuring luxury vinyl plank flooring that flows seamlessly throughout the living spaces. The eat-in kitchen with table space is equipped with modern appliances including a gas oven/range, dishwasher, and refrigerator, all designed to make meals enjoyable, or you could host gatherings in the inviting atmosphere of the open layout. The primary suite is a true retreat, complete with a spacious walk-in closet and a private bathroom featuring a convenient tub shower combination. Natural light pours in through the screened windows, creating a warm and inviting ambiance. The main floor laundry off the kitchen adds to the convenience of daily living, making chores a hassle-free experience. Outside, the property sits on a generous 1-acre lot, offering ample space for outdoor activities and gardening. The front and rear yards provide a perfect canvas for landscaping or simply enjoying the tranquility of nature. A deck overlooking the beautiful view extends your living space outdoors, ideal for morning coffee or evening relaxation. The 30 x 28 pole building detached garage includes a lift and is complete with insulation and heating. Off the back of the garage, a 12 x 24 additional storage space, ensures that all your tools and toys have a home. Parking is a breeze with a paved driveway and gravel options, accommodating multiple vehicles with ease. With no HOA restrictions, the home and property aren't just a place to live; they are a lifestyle choice that offers peace, privacy, and the opportunity to create lasting memories. Whether you're entertaining friends or enjoying a quiet evening at home, this property is designed to meet your needs and exceed your expectations. Don't miss the chance to make this delightful residence your own!

1655 Hickman Rd, Greenwood

Listing courtesy of Dave McCarthy & Associates, Inc.. Contact:

12699 Blanchard Rd, Greenwood
$70,000
3 Beds ⋅ 1 Baths
Modified mobile home, 3-bedroom, 1-bathroom on 0.26 acres in Greenwood, Delaware. Sold as-is. This property presents a value-add opportunity in a rural setting with mature trees and open woodland borders. The unit sits on concrete block foundation with approximately offering some privacy and land. This manufactured home needs substantial renovation, making it a strong candidate for investors, builders, or buyers looking to create equity through a full remodel. The property is being sold strictly as-is, with no repairs made by the seller. Buyers are responsible for all due diligence on the home's condition, along with the well, septic, and suitability for their intended use.

12699 Blanchard Rd, Greenwood

Listing courtesy of Century 21 Home Team Realty. Contact:

14013 Mile Stretch Rd, Greenwood
$390,000
4 Beds ⋅ 3 Baths
Welcome to your countryside oasis, a picturesque, 2,150 sq ft home that combines comfort with the serenity of its surroundings. This beautifully designed house features 4 spacious bedrooms and 3 full bathrooms, alongside a spacious family room opening up into the kitchen, perfect for gatherings. The 4th bedroom is a 20x13 loft above the garage that would work well as an in-law suite or apartment. This home is beautifully accented by vaulted ceilings, granite countertops, stainless steel appliances, recessed lighting, and generous walk-in closets, ensuring every inch spells comfort and elegance. Step outside to discover not just one, but two expansive decks, offering the perfect backdrop for outdoor entertainment or a quiet evening under the stars. The highlight? A splendid 24-foot above-ground pool that promises endless fun and relaxation. With a substantial lot size of .86 and 2 garages, space is never an issue, whether for vehicles, hobbies, or storage. Experience the charm of Greenwood from a home that offers both a serene escape and all the practical amenities you need. Your countryside retreat awaits, call today for a showing!

14013 Mile Stretch Rd, Greenwood

Listing courtesy of Keller Williams Realty. Contact:

51 Vale Blvd, Greenwood
$479,900
3 Beds ⋅ 3 Baths
To say the owner has added her personal touch to this home would be an understatement. From the Brick added to the front, landscaping, rear patio, and vinyl privacy fence. Added a bonus room with 1/2 bath upstairs with its own mini split heat & a/c system. Crown molding, shiplap, and raised paneled wood in the foyer, and new molding above all doors, and some windows. The beauty of the shiplap, crown molding, and raised panel make this home feel cozy yet inviting. The wood boxes above the windows will be removed. The Owner's Suite includes a walk-in closet and an unbelievable bathroom. Ceramic Tile walk-in shower and double sink vanity. The mirrors in both bathrooms have been updated to a more modern style. You won't find all this in a new construction home, although you will think you have walked into a model.

51 Vale Blvd, Greenwood

Listing courtesy of Elevated Real Estate Solutions. Contact:

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