Leicester Homes under $500,000

Welcome to Leicester, Massachusetts, a hidden gem nestled in Worcester County that perfectly blends small-town charm with modern conveniences. Known for its lush landscapes and vibrant community spirit, Leicester is an ideal destination for families, young professionals, and retirees alike. With its rich history, friendly neighborhoods, and an abundance of recreational opportunities, Leicester is a place where you can truly feel at home.

One of the most appealing aspects of Leicester is its accessibility to both urban and rural lifestyles. Just a short drive from the bustling city of Worcester, residents enjoy the best of both worlds—easy access to city amenities while living in a peaceful, suburban setting. The town boasts a variety of parks, trails, and lakes, perfect for outdoor enthusiasts and those seeking a tranquil escape.

For those looking to call Leicester home, the real estate market offers a fantastic selection of homes priced under $500,000. Whether you’re searching for a cozy single-family home, a charming colonial, or a contemporary townhouse, there’s something for everyone. These homes often feature spacious yards, modern amenities, and the opportunity to grow within a thriving community.

Leicester is also served by excellent schools, making it a great choice for families. With its welcoming atmosphere and diverse housing options, it’s no wonder that Leicester is becoming a sought-after destination for homebuyers. Explore your possibilities in this delightful town and discover the perfect place to create lasting memories!

Newest Leicester Homes under $500,000

$345,900

3 Beds ⋅ 2 Baths ⋅ 73587191 MLS

Here’s your chance to get into Leicester, add your own style & make a home truly yours! Set near scenic Sargent Lake, this 3BR, 2BA home offers nearly 1,500 SF, water views, a shaded backyard & plenty of opportunity to build value with your own updates. Step inside and you’ll find generously sized rooms, great natural light & original woodwork that gives the home warmth and character you simply can’t recreate. The best part? You can focus on making it your own while several of the important pieces are already in place, including replacement windows, a newer oil-fired boiler, public water & public sewer. Upstairs are 3 bedrooms plus a 2nd full bath, while outside, the wide backyard surrounded by mature trees offers room to entertain, garden, play or unwind. And then there’s the setting... enjoy views of Sargent Lake right from home, with opportunities to get out and enjoy the water right at the end of the street . Convenient access to Rts 9 & 56 keeps Worcester and surrounding areas within easy reach. If you’ve been waiting for a home where you can add your own finishes instead of paying a premium for someone else’s choices, this may be the one. The space is here. The character is here. The setting is here. Now imagine what you could do with it. Private showings start right away with appointment!

69 Lake Ave, Leicester

$399,900

2 Beds ⋅ 1 Baths ⋅ 73585781 MLS

~ Cute, comfortable and full of potential! ~ Welcome to 165 Peter Salem Road, an adorable ranch in Leicester, offering easy one-level living and a great fenced yard to enjoy ~ Step inside to a bright living room with hardwood floors and a spacious eat-in kitchen with ample cabinetry and room to gather ~ Two bedrooms, a full bath and a convenient laundry area complete the main level, while the full basement offers great storage and additional possibilities to finish ~ Outside, you'll love the generous yard with room to garden, entertain or simply relax, along with a rear deck, storage shed and detached garage ~ Whether you're just starting out or looking to downsize, this home's manageable layout and opportunity to add your own personal touches make it a great place to call home ~ Peaceful country road location, yet minutes to major routes and amenities ~ Come take a look this weekend! ~ Quick close possible! ~

165 Peter Salem Rd, Leicester

$440,000

4 Beds ⋅ 1 Baths ⋅ 73584168 MLS

Welcome to this beautifully updated 4-bedroom 1 bath cape in Leicester, MA, conveniently located near Route 9 and just 9 minutes from Worcester’s Webster Square! Situated on a quiet dead-end road, this home offers a great combination of modern updates, open concept, and a fantastic location. Inside, enjoy new vinyl flooring in the kitchen and living room, refinished hardwood floors in two first-floor bedrooms, and new carpeting in the upstairs bedrooms. The kitchen features brand new cabinets, appliances, quartz with slab backsplash and a functional pot filler. The custom tiled bathroom comes with a convenient double vanity, while major improvements include a new roof, new driveway, new plumbing throughout and a new wall-hung tankless boiler and on demand hot water combo unit. Step outside to a fenced-in backyard with a brand-new deck, perfect for relaxing or entertaining. A beautiful sunroom filled with natural light and windows adds the perfect bonus space to enjoy year-round. Convenient to shopping, dining, and commuting routes, this move-in-ready home is one you won't want to miss! Turnkey homes in this quality and this price won't last long! Private showings available immediately.

6 Sterling St, Leicester

$299,900

1 Beds ⋅ 1 Baths ⋅ 73584080 MLS

Privacy & Serene. Set High on a hill with approx 1/2 acre cleared and the additional 3+/- Acres of woods including a river which runs trhough the land. This 1 bedroom home has additional space on the 2nd level with possibilities of expansion. Recent Roof within 6 years. Great place for single person looking for a smaller home. Or, Great home to start off in. Build Equity. Access the additional 3+/- acres and imagine the possibilities. 2 car garage/storage has a dirt floor. Additional Pellet Stove Heat Source. Wood burning stove in basement has not been used by this owner. Showings Start at Open House Sat Oct 10th. See you there.

226 Pine St, Leicester

$423,000

3 Beds ⋅ 2 Baths ⋅ 73582992 MLS

NEW KITCHEN*** NEW WINDOWS*** NEW DECK*** NEW ROOF*** NEW GUTTERS*** LOVELY YARD***Presenting an exceptional opportunity. This is a 1925 single-family residence, encompassing 1156 square feet of meticulously maintained living space, standing as an inviting home ready for immediate occupancy and quiet area of Cherry Valley. Park and Tennis court 5 minutes away. Fireplace living room, kitchen with breakfast nook. All brand new windows a year ago. Great yard with a shed. Move right in and enjoy the summer in your private yard. Pellet stove in the basement heats the whole house.

50 Towtaid Street, Leicester

$439,900

3 Beds ⋅ 2 Baths ⋅ 73578480 MLS

If you are looking for a charming home loaded with updates, this 3-bedroom Victorian Farmhouse fits the bill! The entire home has been freshly painted inside, making it truly move-in ready. You will immediately notice the curb appeal of the front porch framed with filigreed arches as you pull into the paved driveway. Features include gleaming hardwood floors throughout the entire first floor, stainless steel appliances in the kitchen paired with soft-close white cabinets, an attractive backsplash, and sleek granite countertops updated in 2022. A rectangular dining room with a wall of windows flanks one side of the kitchen, while the living room on the other side features a bright 3-window reading nook. The main level offers a spacious full bathroom complete with a double-sink granite vanity, full tub/shower, and convenient in-unit washer and dryer set upon shiny marble tile flooring. Upstairs, you will find 3 well-proportioned bedrooms with cozy carpeting and semi walk-in closets. The second full bath features matching marble tile flooring and a tiled corner shower with rounded glass doors. Major systems were comprehensively updated in 2022, including plumbing, the electrical system, energy-efficient windows, the roof, propane heating, and a tankless hot water heater. Join us at our Open House this Saturday and Sunday, September 19th and September 20th, from 11:30 AM to 1:30 PM!

660 Pleasant St, Leicester

$299,000

2 Beds ⋅ 1 Baths ⋅ 73572874 MLS

Welcome to 12 South St, set on nearly half an acre on a quiet dead-end street in Cherry Valley. This 2-bedroom, 1-bath home offers approximately 1,080 square feet of living space with hardwood floors in the living room and bedrooms and ceramic tile in the kitchen and bath.A bonus room finished with knotty pine walls and ceiling provides flexible additional space for a home office, den, hobby room, or sitting area. Outside, the generous yard offers plenty of room to enjoy the property, while the shaded deck creates a convenient spot for morning coffee, outdoor dining, or relaxing at the end of the day.With off-street parking and convenient access to area amenities and major routes, this property offers an opportunity for a buyer to bring their own ideas and make the home their own over time.If you're looking for a home with character, usable outdoor space, and potential at an approachable price point, come see what 12 South St has to offer.

12 South Street, Leicester

$229,900

3 Beds ⋅ 1 Baths ⋅ 73570935 MLS

Attention investors, flippers, and sweat-equity buyers! This high-potential property offers a prime value-add opportunity with massive upside in a serene, sought-after location. Unlock immediate equity with this 3-bedroom, 1-bathroom fixer-upper, perfectly positioned on a spacious 0.33-acre lot. This property features a solid foundation for capitalization, boasting original hardwood floors throughout just waiting to be refinished. A versatile enclosed 4-season porch, and a high-ceiling basement ready to be finished to maximize your usable square footage. Nestled in a quiet, low-traffic neighborhood, the home offers picturesque views of Cedar Meadow Pond, providing an idyllic backdrop for future buyers or renters. Embrace the ultimate lakeside lifestyle with year-round recreational activities just steps away, including boating, kayaking, fishing, and nearby hiking. This property is priced to sell and serves as the perfect canvas for your next profitable flip or a custom dream home tailored to your exact taste. Bring your vision and toolbelt to maximize the ROI on this diamond in the rough!

11 Ferncroft Rd, Leicester

$479,900

3 Beds ⋅ 3 Baths ⋅ 73564413 MLS

Welcome to 611 Henshaw St! Set on approximately 1.8 wooded acres with lots of privacy! This spacious 3-bedroom, 2.5-bath Split Entry offers nearly 2,000 sq. ft. of living space and a peaceful, private setting. The bright main level features cathedral ceilings, an open floor plan, a sun-filled living room with fireplace, and a dining area with sliders leading to the rear deck overlooking the surrounding woods. The kitchen offers plenty of cabinet and counter space, while all three bedrooms are conveniently located on the main level, including a primary bedroom with private bath. The finished lower level provides additional living space perfect for a family room, home office, gym, or playroom, along with a half bath and laundry. Additional features include a 2-car garage, ample parking and a paved driveway Convenient commuter location with easy access to the MA Pike, Rts 20, 9 and 395!

611 Henshaw St, Leicester

$399,900

3 Beds ⋅ 2 Baths ⋅ 73562977 MLS

BRING US AN OFFER! Welcome home to this absolutely show stopper of a townhouse with brand new finished throughout... move right in with nothing to do except enjoy your beautiful wooded backyard and brand new home. You can’t find this type of privacy anywhere else with being close to the city!! PICK YOUR custom paint color!! This home features shiny hardwood floors, big bay windows bringing in lots of natural light, double door closets, white shaker style cabinets featuring slow closing hardware and quartz countertops!Spec sheet is attached …. Get in here today and make some of your own custom finishes before it’s too late !!

93 Brown St Unit B, Leicester

$399,900

3 Beds ⋅ 2 Baths ⋅ 73562975 MLS

SELLER SAYS MAKE AN OFFER!! Welcome home to this absolute show stopper of a home with brand NEW finishes throughout... move right in with nothing to do except enjoy your beautiful home situated minutes from the city with a small town feel. The backyard is level and abuts tons of woods, along with the benefits of low traffic on a dead end street. As you enter this brand new, sun-drenched home you are welcomed by freshly finished hardwoods on the main level and a spacious open floor plan. There is still time to PICK YOUR OWN COLORS ! The living room features a window seat for added seating or a great spot for coffee in the morning. The brand new eat-in kitchen features stainless steel appliances, quartz countertops and stylish shaker cabinets. The kitchen walks right out to the back deck which overlooks your backyard and all the woods beyond it. The first floor features a half bath, as well. As you make your way upstairs you will find 3 modest bedrooms with wall to wall carpeting and a full bathroom with tile flooring. This home also offers the opportunity to have a future walk out basement space which could be done, adding another 600 +/- square feet. This home will not last long, so do not wait! Fall and Christmas in your new home sounds great, doesn't it? NO HOA fees on this home!

93 Brown St Unit A, Leicester

75 Huntoon Memorial Hwy Unit 6-10, Leicester

$267,000

2 Beds ⋅ 1 Baths ⋅ 73560070 MLS ⋅ ['Laurel Heights Condominiums'] BLDG.

Welcome to Laurel Heights! This inviting 2-bedroom, 1-bath condo has a bright, open layout that's easy to love. The living room features a cozy corner fireplace, vaulted ceilings with a skylight that brings in plenty of natural light, and a private deck that's perfect for enjoying your morning coffee or relaxing after a long day. The kitchen features beautiful granite countertops, a generous amount of cabinet space, and ample prep space. It flows seamlessly into the living area, making the open layout ideal for everyday living and entertaining. Easy-care vinyl flooring runs throughout the unit, giving it a fresh, modern look with minimal upkeep.You'll also appreciate the convenience of in-unit stackable washer and dryer hookups, low condo fees, and a location that's just minutes from major highways, shopping, restaurants, and other everyday essentials— If you’re a maxxinista, Tj Maxx is just minutes away. Coffee enthusiast? There are many options nearby for that perfect morning or midday treat. Whether you're buying your first home, looking to downsize, or adding to your investment portfolio, with a few of your personal touches and updates, this move-in-ready condo is ready for its next owner!

75 Huntoon Memorial Hwy Unit 6-10, Leicester

Start Your Search

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2026 State-Wide Multiple Listing Service. All rights reserved. Data Last Updated:

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 SmartMLS, Inc.