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New Construction Homes Under $400K in Carmel, IN

113 Homes

Explore more options within Hamilton County, IN See all Homes

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Check out our top recommendations

From $409,990

3 Br | 2.5 Ba | 2 Gr | 1,732 sq ft Hot Deal

Givens | Carmel, IN

David Weekley Homes

From $398,990

3 Br | 2.5 Ba | 2 Gr | 1,769 sq ft Hot Deal

Eggen | Carmel, IN

David Weekley Homes

From $342,990

2 Br | 2 Ba | 2 Gr | 1,168 sq ft Hot Deal

Devault | Carmel, IN

David Weekley Homes

From $420,990

3 Br | 2.5 Ba | 2 Gr | 1,741 sq ft Hot Deal

Fitz | Carmel, IN

David Weekley Homes

From $385,990

3 Br | 2.5 Ba | 2 Gr | 1,980 sq ft Hot Deal

Frankton | Carmel, IN

Pulte Homes

3.4

From $383,990

3 Br | 2.5 Ba | 2 Gr | 1,980 sq ft Hot Deal

Fairwood | Carmel, IN

Pulte Homes

3.4

Move-In Ready

From $419,000

3 Br | 2.5 Ba | 2 Gr | 1,980 sq ft Hot Deal

1710 Blenker Dr. Carmel, IN 46074

Pulte Homes

3.4

Under Construction

From $417,105

3 Br | 2.5 Ba | 2 Gr | 1,980 sq ft Hot Deal

1764 Blenker Dr. Carmel, IN 46074

Pulte Homes

3.4

Under Construction

From $417,105

3 Br | 2.5 Ba | 2 Gr | 1,980 sq ft Hot Deal

1752 Blenker Dr. Carmel, IN 46074

Pulte Homes

3.4

Under Construction

From $423,760

3 Br | 2.5 Ba | 2 Gr | 1,980 sq ft Hot Deal

1746 Blenker Dr. Carmel, IN 46074

Pulte Homes

3.4

From $422,995

3 Br | 3.5 Ba | 2 Gr | 2,346 sq ft

Foxhall | Carmel, IN

Lennar

4.1

From $376,995

3 Br | 2.5 Ba | 2 Gr | 1,710 sq ft

Lockerbie V | Carmel, IN

Lennar

4.1

Under Construction

From $396,900

2 Br | 2 Ba | 2 Gr | 1,382 sq ft

14426 Shrawley Court. Carmel, IN 46074

Drees Homes

3.8

Move-In Ready

$10,000

From $399,900 $409,900

2 Br | 2.5 Ba | 2 Gr | 1,515 sq ft

14457 Shrawley Court. Carmel, IN 46074

Drees Homes

3.8

From $404,900

2 Br | 2 Ba | 2 Gr | 1,715 sq ft

ZURICH | Carmel, IN

Drees Homes

3.8

From $383,900

2 Br | 2 Ba | 2 Gr | 1,351 sq ft

GENEVA | Carmel, IN

Drees Homes

3.8

From $391,900

2 Br | 2 Ba | 2 Gr | 1,511 sq ft

LUCERNE | Carmel, IN

Drees Homes

3.8

From $398,990

3 Br | 2.5 Ba | 2 Gr | 2,426 sq ft Hot Deal

Fifth Avenue | Noblesville, IN

Pulte Homes

3.4

From $413,990

4 Br | 2.5 Ba | 2 Gr | 2,662 sq ft Hot Deal

Boardwalk | Noblesville, IN

Pulte Homes

3.4

From $334,990

3 Br | 2.5 Ba | 2 Gr | 1,883 sq ft

Ashton | Indianapolis, IN

Pulte Homes

3.4

From $324,990

3 Br | 2.5 Ba | 2 Gr | 1,883 sq ft

Ashton | Noblesville, IN

Pulte Homes

3.4

From $327,990

2 Br | 2.5 Ba | 2 Gr | 1,778 sq ft Hot Deal

T1778 | Westfield, IN

M/I Homes

From $307,990

2 Br | 2.5 Ba | 2 Gr | 1,560 sq ft Hot Deal

T1560 | Westfield, IN

M/I Homes

From $347,990

2 Br | 2.5 Ba | 2 Gr | 2,025 sq ft Hot Deal

T2025 | Westfield, IN

M/I Homes

From $330,990

2 Br | 2.5 Ba | 2 Gr | 1,884 sq ft Hot Deal

T1800 | Westfield, IN

M/I Homes

From $308,990

2 Br | 2.5 Ba | 2 Gr | 1,716 sq ft Hot Deal

T1600 | Westfield, IN

M/I Homes

Move-In Ready

$9,000

From $360,990 $369,990

3 Br | 3.5 Ba | 2 Gr | 1,884 sq ft Hot Deal

4300 Douro Trail. Westfield, IN 46062

M/I Homes

Move-In Ready

$13,000

From $355,990 $368,990

3 Br | 3.5 Ba | 2 Gr | 1,884 sq ft Hot Deal

4340 Douro Trail. Westfield, IN 46062

M/I Homes

Move-In Ready

$31,000

From $348,990 $379,990

2 Br | 2.5 Ba | 2 Gr | 2,025 sq ft Hot Deal

17541 Gruner Way. Westfield, IN 46062

M/I Homes

Under Construction

From $374,995

3 Br | 2.5 Ba | 2 Gr | 1,778 sq ft Hot Deal

4373 Douro Trail. Westfield, IN 46062

M/I Homes

From $293,990

2 Br | 2.5 Ba | 2 Gr | 1,523 sq ft Hot Deal

T1500 | Westfield, IN

M/I Homes

Move-In Ready

$25,465

From $299,990 $325,455

2 Br | 2.5 Ba | 2 Gr | 1,523 sq ft Hot Deal

4270 Douro Trail. Westfield, IN 46062

M/I Homes

Under Construction

$11,425

From $339,995 $351,420

2 Br | 2.5 Ba | 2 Gr | 1,560 sq ft Hot Deal

4363 Douro Trail. Westfield, IN 46062

M/I Homes

Under Construction

$8,990

From $404,995 $413,985

3 Br | 2.5 Ba | 2 Gr | 2,025 sq ft Hot Deal

4353 Douro Trail. Westfield, IN 46062

M/I Homes

Move-In Ready

$20,460

From $364,990 $385,450

3 Br | 3.5 Ba | 2 Gr | 1,884 sq ft Hot Deal

4290 Douro Trail. Westfield, IN 46062

M/I Homes

Under Construction

From $369,995

3 Br | 2.5 Ba | 2 Gr | 1,778 sq ft Hot Deal

4393 Douro Trail. Westfield, IN 46062

M/I Homes

Under Construction

$21,425

From $329,995 $351,420

2 Br | 2.5 Ba | 2 Gr | 1,560 sq ft Hot Deal

4383 Douro Trail. Westfield, IN 46062

M/I Homes

Move-In Ready

$20,000

From $359,990 $379,990

3 Br | 3.5 Ba | 2 Gr | 1,884 sq ft Hot Deal

4250 Douro Trail. Westfield, IN 46062

M/I Homes

Under Construction

$12,240

From $399,995 $412,235

3 Br | 2.5 Ba | 2 Gr | 2,025 sq ft Hot Deal

4403 Douro Trail. Westfield, IN 46062

M/I Homes

Move-In Ready

From $347,990

3 Br | 3.5 Ba | 2 Gr | 1,716 sq ft Hot Deal

4280 Douro Trail. Westfield, IN 46062

M/I Homes

Static Map Image

Market Snapshot

Newest Home Developments in Carmel

Top Home Builders in Carmel

BuilderHomesAverage Price
Estridge Homes85$619,648
Pulte Homes152$499,730
Drees Homes85$604,564
Epcon Communities25$617,271
Shoopman Homes10$970,200
David Weekley Homes40$467,847
Lennar257$420,595

Carmel features many of the best homes builders and new construction home designs in Indiana. Finding relatively lower priced homes has become increasingly difficult. The cost of new construction in Carmel has increased substantially. Despite the rising trend of housing prices, it is still possible to design and build an affordable home in the Carmel area. In fact, there are 1,021 new homes for sale in Carmel with a good selection of cheaper homes starting at under $400K.

How to Find Homes in Carmel, IN for Less than $400K?

Builders see the growing demand for homes under the $400k price point and often have a few floor plans available, but these may be in limited supply. To ensure affordability without compromising on the quality of the home, builders use value engineering techniques to reduce the cost of construction and keep prices increasing too much. Smaller lots, standard-sized materials, and evening the pace of building can help deliver high-value for the cost. The results are delivering similar quality at lower prices.