Spencer Homes under $400,000

Our website features the best real estate search for homes, condos, land and foreclosure properties available in Spencer and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes.

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood!

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Newest Spencer Homes under $400,000

$309,000

3 Beds ⋅ 2 Baths ⋅ 202640783 MLS ⋅ 1,400 SqFt. ⋅ Bob Magiera

Nearly an acre in Concord Villas with space inside and out! 5.3% VA Assumable loan on this move-in-ready 3-bedroom, 2-bath ranch at 3303 Westward Rd which offers approximately 1,400 sq. ft. of single-level living with a desirable split-bedroom floor plan and a semi-open layout connecting the kitchen, dining and living areas. The spacious eat-in kitchen features abundant oak cabinetry, generous counter space, a center island and stainless-steel appliances, while the 20x13 living room provides plenty of room to gather and offers direct access to the rear deck. The private primary suite creates a comfortable retreat, with two additional bedrooms offering flexibility for family, guests or a home office. Outdoor living is a major highlight. Enjoy the covered front porch, rear deck, expansive paver patio, built-in firepit and a large, level backyard with plenty of room for recreation, gardening, pets and entertaining. A 12x16 storage shed provides valuable space for lawn equipment and outdoor gear, while the oversized attached 2-car garage adds even more storage and convenience. The home sits back from the road with mature landscaping and a large front yard, giving the property a spacious feel that is increasingly hard to find. Concord Villas has recorded covenants and restrictions but no HOA fees. Located on the east side of Spencer, the property offers convenient access to State Road 46, providing an easy route into Spencer or east toward Bloomington. Outdoor recreation is close by at McCormick's Creek State Park, Indiana's first state park, featuring a limestone canyon, waterfalls, hiking trails, Canyon Inn and additional recreational amenities. Spencer offers everyday shopping and services, while Bloomington expands the options with Indiana University, dining, entertainment, shopping and major regional employers including Indiana University, Cook Group and IU Health. Boston Scientific also maintains operations in Spencer, making this location convenient for several of the area's major employment centers.

3303 Westward Rd, Spencer

Listing courtesy of Bob Magiera from Hoosier Realtors.

$334,900

2 Beds ⋅ 2 Baths ⋅ 202639549 MLS ⋅ 2,832 SqFt. ⋅ Debbie Foutch

Welcome home to this move-in-ready, single-story ranch style home located in one of Spencer’s most convenient and desirable neighborhoods! Situated on two full city lots, this beautifully maintained brick-front home offers an abundance of indoor and outdoor space, mature landscaping, plenty of off-street parking, a detached garage, basketball court, and a brand-new concrete driveway. Inside, you’ll find two spacious bedrooms with the potential to easily create a third, along with two full baths. The home offers multiple living and entertaining areas, including a formal living room, a bright and inviting three-season room filled with natural light, a huge living room with an electric fireplace, plus an expansive family/game room—providing plenty of room to spread out, entertain, or simply relax. The well-appointed kitchen features an abundance of oak cabinetry, a convenient pantry, center island with sink, and a breakfast bar with additional seating. The generous primary suite includes a private ensuite bath with both a tub and separate shower, a walk-in closet, plus an additional wall of closet space. Pride of ownership is evident throughout this exceptionally well-maintained home. Recent improvements include a new roof and gutters, new water heater, new storm door, updated electrical, fresh interior paint, new refrigerator, garbage disposal, sump pump, and sewer drains. The furnace, central air, and fireplace have all received regular routine maintenance. The spotless basement provides excellent additional storage, while the two full city lots offer plenty of outdoor space to enjoy. With its spacious floor plan, numerous updates, outstanding condition, and desirable Spencer location, this home has so much to offer. Spencer is a thriving, growing community with so much to offer: Our beautiful downtown area is home to several coffee shops, bakeries, gift shops, a quaint friendly pub and several restaurants. We have a great farmers Market, The Tivoli Theater, My Path Trail that goes all the way to McCormick's Creek State Park and an upcoming Riverfront project in the works. There is something to do every weekend: Come be a part of this growing community.

679 E Indiana Ave, Spencer

Listing courtesy of Debbie Foutch from Owen County Home Company. Cell: 812-821-7005

$299,000

3 Beds ⋅ 3 Baths ⋅ 202638851 MLS ⋅ 1,816 SqFt. ⋅ Sable Beyers

Welcome to this one-owner, two-story home built in 2016! Situated on a spacious 0.22-acre lot, the property features a fully fenced backyard with privacy fencing—perfect for outdoor entertaining, pets, or play. Inside, you’ll find three bedrooms, a dedicated home office, and two-and-a-half bathrooms. The main level offers a spacious living room, a well-appointed kitchen with stainless steel appliances, an adjoining dining area, a large laundry room, an office, and a convenient half bathroom. Upstairs, the primary suite includes a private bathroom with a walk-in shower and double-sink vanity. Two additional bedrooms and a second full bathroom complete the upper level. Excellent location directly across the street from McCormick’s Creek Elementary School and approximately half a mile from State Road 46, providing easy access for commuters.

1560 Fox Run Ct, Spencer

Listing courtesy of Sable Beyers from Beyers Realty. Cell: 812-327-8734

$315,000

3 Beds ⋅ 2 Baths ⋅ 202638251 MLS ⋅ 2,078 SqFt. ⋅ Darren Gilmore

WOW!! Check out this 2078sqft partial berm home. Come into the Beautiful family room with gas fire place 18x19 behind the barn door is laundry mechanical closet and storage. Step up into the hall to a flex space 16x11 with wood burning fire place and built ins , Off to the right is the master suit 10x15 with on suit master bath with soaker tub and stand up shower. Move into the large kitchen at 12 x16 plenty of space to prep and appliances stay. Off the kitchen is a dinning and living room combo at 12x24 with large picture windows over looking the hillside. From there you go down the hall to two bedrooms at 11x9 each and a second bath. Newer paint and wood floors through out the home also new light fixtures. Out side setting is a wooded area with 2.94ac with a fire pit, shelter house, and a new yard barn for storage. Will come with 1year Home Warranty. Close to Spencer and McCormick State Park, 28 minutes to Martinsville and Bloomington

507 N Us 231st Hwy, Spencer

Listing courtesy of Darren Gilmore from CK Realty Homes. cell: 812-709-0859

$175,000

3 Beds ⋅ 2 Baths ⋅ 202637790 MLS ⋅ 1,512 SqFt. ⋅ Tara White

Welcome to this inviting 3-bedroom, 2-bath manufactured home conveniently located in the town of Spencer. Offering comfortable living space and practical features, this home is a great opportunity for anyone looking for an affordable place to call home. The spacious layout provides three bedrooms, including a comfortable primary suite with its own private bath. The additional bedrooms offer flexibility for family, guests, a home office, or hobbies. The open living areas create a welcoming space for everyday living and entertaining, while the two full bathrooms add convenience. A one-car attached garage provides secure parking and additional storage space. Situated in town, the property offers convenient access to local shops, restaurants, schools, parks, and community amenities. Whether you’re a first-time buyer, downsizing, or looking for a comfortable home in a convenient location, this property is worth a look. Schedule your showing today and discover what this Spencer home has to offer.

267 N East St, Spencer

Listing courtesy of Tara White from Century 21 Scheetz - Bloomington. Cell: 812-821-1735

$359,900

3 Beds ⋅ 3 Baths ⋅ 202637549 MLS ⋅ 1,944 SqFt. ⋅ Samantha Carver

Welcome to this beautifully remodeled 3-bedroom, 2.5-bath Cape Cod nestled on 1.86 acres of peaceful, partially wooded land just outside Spencer, Indiana. This turn-key home blends classic character with thoughtful updates and beautiful views throughout the property. The main level features a spacious primary suite with wainscoting, a full bath, and a dreamy walk-in closet with a custom organization system. The updated eat-in kitchen is the heart of the home, offering butcher block countertops, a walk-in pantry, center island, stainless steel appliances, and an inviting fireplace. Just off the kitchen, the sunroom provides a comfortable place to relax while taking in the surrounding views. Upstairs, two bright bedrooms share a full bath, with charming nooks and details throughout that add to the home's Cape Cod character. Brick accents in the living area and kitchen, along with wood pillars along the staircase, add warmth and personality to the space. Major updates over the past 5 years include plumbing, electrical, siding, windows, and appliances, giving you the character of an older home with many of the updates today's buyers are looking for. Step outside and enjoy the quiet and privacy of 1.86 acres, whether you're sipping coffee on the porch, relaxing in the sunroom, or watching the sunset across the surrounding landscape.

3270 Freedom Rd, Spencer

Listing courtesy of Samantha Carver from Home Team Properties. Office: 844-821-6051

$280,000

3 Beds ⋅ 2 Baths ⋅ 202636320 MLS ⋅ 1,292 SqFt. ⋅ Ashton Hoene

Welcome to 1365 Lakeside Drive in Spencer! Situated on a .35 acre parcel with access to private Amazon Lake, this charming 3-bedroom, 2- full bath home offers 1,292 square feet of living space. Inside, you'll find fresh paint throughout, a functional kitchen featuring a custom-built island, and two full bathrooms—including one with a walk-in shower with dual shower heads and another with a convenient tub/shower combination. Outdoor living is a standout feature of this property. The newly built covered deck, completed in 2025, features a metal roof—perfect for relaxing and listening to the rain on a quiet afternoon. An outdoor TV and speaker system make the space ready for entertaining, game days, or evenings at home. Residents enjoy two different access points to private Amazon Lake, where you can spend your days fishing and enjoying the water. A jon boat is even included with the sale, so you can start enjoying lake life right away! The property also includes an additional storage shed. Recent updates and features include a new A/C and heat pump in 2026, a new roof over the home’s addition in 2023, 200-amp electrical service, and REMC fiber internet. Whether you're looking for peaceful lake living, outdoor entertaining, or simply a little more room to enjoy the outdoors, this property has so much to offer!

1365 Lakeside Dr, Spencer

Listing courtesy of Ashton Hoene from F.C. Tucker Company.

$299,900

2 Beds ⋅ 2 Baths ⋅ 202636130 MLS ⋅ 1,516 SqFt. ⋅ William Hurst

Private wooded retreat with comfort and character. Tucked away on a beautiful private wooded lot, this charming 2 bed, 2 bath home offers the perfect blend of comfort, privacy and character. Inside, you will find inviting living spaces highlighted by 2 wood burning fireplaces, one in the upstairs great room and the other in the screened in porch. Enjoy your morning coffee or unwind at the end of the day in the private screened in porch and enjoy the peacful sounds of nature. The property also features an oversized garage, providing plenty of room for vehicles, storage or workshop.

2984 Patricksburg Rd, Spencer

Listing courtesy of William Hurst from Carpenter, REALTORS-Bloomington. Cell: 812-322-7543

$359,900

3 Beds ⋅ 3 Baths ⋅ 202635957 MLS ⋅ 2,552 SqFt. ⋅ Debbie Foutch

Everything you could possibly want, all on 1.69 acres just minutes from Spencer! This well-kept property features a 3-bedroom, 2.5-bath manufactured home with several recent updates. There is an attached garage with a huge bonus room above, offering plenty of additional space for a home office, game room, hobby area, work out room or simply extra living space (It has its own Mini-Split System). Outside, you’ll find an impressive, 30X40, pole barn with concrete floors, overhead garage doors, and a wood-burning stove—perfect for a workshop, storage, vehicles, or all those extra toys. The mostly level acreage is nicely landscaped and includes a fabulous, fenced garden area, raspberry and blueberry bushes, and established fruit trees. Located just off Hyden Road on a quiet dead end road, this property offers the space and country feel you’ve been looking for while keeping you close to town. City water, a good septic system, 5-year-old metal roof (Lifetime transferrable warranty on the gutter guards), and a newer Heat Pump, A/C and water heater all add to your peace of mind. Home, garage, workshop, garden, and acreage—it’s all here!

1123 Westwoods Dr, Spencer

Listing courtesy of Debbie Foutch from Owen County Home Company. Cell: 812-821-7005

$309,900

3 Beds ⋅ 3 Baths ⋅ 202635955 MLS ⋅ 2,092 SqFt. ⋅ Carrie Parrish

Welcome home to 1558 Fox Run Court in Spencer! Built in 2017, this 2 story traditional home is move-in ready and shows true pride of ownership throughout. Step inside to a kitchen made for both living and entertaining- modern stainless steel appliances and a spacious island make it the natural heart of the home. It flows seamlessly into a warm, inviting living room anchored by a cozy fireplace. Upstairs unwind and sit a spell in the large primary suite or enjoy some family time in the bonus room. A dedicated laundry room adds everyday convenience, while the large front porch is ideal for that morning coffee or watching the kids walk home from the school just down the street. Combining comfort, style and thoughtful design, this home is one you'll want to see in person. Schedule your private showing today- this one won't last long!

1558 Fox Run Ct, Spencer

Listing courtesy of Carrie Parrish from Carpenter, REALTORS-Bloomington. cell: 812-585-4792

$299,900

2 Beds ⋅ 2 Baths ⋅ 202634177 MLS ⋅ 1,188 SqFt. ⋅ Dan Rarey

Lake Side Living on Owen County's Bass Haven Lake. Don't miss this rare opportunity to own and enjoy this delightful home with direct access to this private well stocked lake. Eight years old and shows like new. Open concept with living room, kitchen and dining rooms all flowing together. Split bedrooms with two bedrooms plus study and two full baths. Large attached two car garage, two large sheds, detached garage, older barn. Shelter house overlooks lake and dock. Lot size is approximately one acre. This property is beautiful and living there is like being on vacation year round.

375 Bass Haven Ln, Spencer

Listing courtesy of Dan Rarey from Dan Rarey Real Estate.

$189,000

1 Beds ⋅ 1 Baths ⋅ 202633146 MLS ⋅ 1,056 SqFt. ⋅ Steven Terry

Lake life meets outdoor adventure in this unique Amazon Shores property. Thoughtfully designed with functionality and character in mind, this charming home features one bedroom, one full bath, plus a versatile sleeping area that could easily be converted into a second bedroom, home office, or flex space. Enjoy deeded access to Amazon Lake through the lake association, offering opportunities for fishing, kayaking, and relaxing on the water. The inviting porch provides additional space to enjoy the peaceful surroundings and offers the potential to be transformed into additional living space. Located between McCormick's Creek State Park and Lieber State Recreation Area, you'll be minutes from hiking, boating, waterfalls, camping, and year-round outdoor recreation. Whether you're looking for a full-time residence, weekend retreat, investment opportunity, or a place to enjoy the outdoors, this property offers a rare combination of privacy, recreation, and convenience. Schedule your private showing today!

1405 Lakeside Dr, Spencer

Listing courtesy of Steven Terry from Century 21 Scheetz - Bloomington. cell: 317-453-7968

Start Your Search

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.