The Phoenix, AZ, housing market has long been a player in the national real estate scene. However, in recent years the West Valley, specifically, has emerged as a standout region of growth and opportunities. Touting affordability, economic development, and a strong sense of community, it’s no wonder so many are eyeing homes for sale in West Phoenix.
Buckeye is undoubtedly at the heart of this transformation and quickly becoming synonymous with innovation and progress. With countless new developments and investments in the region, it’s safe to say the future of Buckeye looks bright. As we explore the current trends and driving forces of the Phoenix West Valley housing market, we’ll see how communities like Teravalis are helping to shape the region’s evolution.
Current Market Trends
In the West Valley, affordability and increased employment opportunities are creating the perfect conditions for increased demand. Median home prices in the West Valley remain slightly below the broader Phoenix Metro median, offering buyers more value for their budget. Meanwhile, despite an increase in inventory, homes are continuing to sell fast. Realtor.com’s 2025 forecast highlighted the region’s competitive edge and ranked Phoenix in the top 10 US housing markets due to higher rates of new single-family construction, diverse military and international traffic households, and remote work positions.
While interest rates have influenced home purchasing power, the West Valley enjoys continued and rising demand. According to 12 News, buyers are finding significant benefits in purchasing homes in the West Valley despite the market cooling elsewhere in the metro area.
Factors Driving Demand in the West Valley Housing Market
As a result of strategic economic development and thoughtful urban planning, the West Valley has recently transformed into a hub of innovation and growth. A recent article by AZ Big Media outlines this shift in depth, detailing how the region has evolved into a hotbed for cutting-edge industries and infrastructure improvements, a draw for both businesses and residents.
Population Growth
Driven by its appeal to families and professionals seeking a blend of affordable living and modern amenities, Buckeye has emerged as a top choice, enjoying a significant boom in recent years. Understandably, the housing market in Buckeye has become one of the most competitive in the region, creating a need for communities like Teravalis that are designed to accommodate this surge of new Valley residents while delivering on the promise of sustainability and natural beauty.
Economic Development
Several major economic projects are reshaping the landscape of the West Valley. New industries like technology, healthcare, and advanced manufacturing have created a nexus of high-quality jobs attracting a skilled workforce. As AZ Big Media points out, this surge in job opportunities is fueling housing demand.
Affordability and Space
Unlike other parts of the Phoenix Metro housing market, the West Valley offers more space for less, making it particularly appealing to families and individuals looking for a less crowded urban experience. Teravalis, for example, focuses on community-oriented living that balances modern innovation with access to Arizona’s most treasured natural landscapes.
Infrastructure and Accessibility
The West Valley is also much easier to get to than it used to be. Transportation expansion, like Loop 303, has made the West Valley more accessible than ever. Additionally, with sports, entertainment, and ASU’s recent expansion into the region, it’s no longer as necessary to travel outside of the West Valley for what you need.
Market Outlook for 2025
As mentioned earlier, the region is ranked among the top 10 housing markets in Realtor.com’s 2025 market forecast, a testament to its ongoing growth and demand from both residents and investors.
While home prices are subject to constant fluctuation, especially with such attractive economic conditions and infrastructure investments, the region’s continuous development will likely preserve the unique balance of affordability and demand. Indeed, the West Valley housing market is ideally positioned to retain its reputation as an appealing destination for families, first-time buyers, and investors.
Innovative communities like Teravalis are perfectly positioned to meet the needs of the expanding population as we look ahead to the coming year. Whether you’re considering relocating or simply keeping an eye on the market, Buckeye and Teravalis represent the future of housing in the region.
About Teravalis™
Teravalis is primed to be a 37,000-acre premier master planned community located in the West Valley of the Phoenix metropolitan area, in Buckeye, Arizona. Translating to “land of the valley,” Teravalis is positioned between the White Tank and Belmont Mountain ranges and is committed to embracing the natural High Sonoran Desert beauty. Utilizing innovative technology and sustainable planning, the community will feature unparalleled amenities and wide-open spaces to explore and discover.
Teravalis is a community of Howard Hughes®, known for its mission to curate vibrant communities that elevate the everyday, creating meaningful moments in great places where people can live their best lives – and thrive for generations to come.