New Construction
New construction is most active in Buckeye, Goodyear, Queen Creek, and Surprise, with homes from $350,000 to $550,000 offering resort-style amenities in master-planned communities.
Phoenix, Arizona · New Homes
New homes in Phoenix.
Phoenix is ground zero for U.S. semiconductor manufacturing expansion, with TSMC and Intel creating tens of thousands of high-income engineering jobs, reshaping the west Valley housing market.
New construction is most active in Buckeye, Goodyear, Queen Creek, and Surprise, with homes from $350,000 to $550,000 offering resort-style amenities in master-planned communities.
At a glance
Phoenix market snapshot
Median Home Price
$415,000
Median Rent
$1,600
Market Trend
Hot
Cost of Living Index
103
Why Phoenix
What makes Phoenix different
Why People Move Here
Sun Belt migration from California and semiconductor industry boom and retirement market and warm climate year-round
Schools
Gilbert Public Schools and Chandler Unified School District consistently rank among top districts in Arizona making East Valley particularly attractive for relocating families.
Top Neighborhoods
Scottsdale, Gilbert, Chandler, Tempe, Peoria, Surprise, Goodyear, and Buckeye
Major Employers
Intel semiconductor campus in Chandler employing over 12,000 and TSMC fab complex in north Phoenix and Banner Health network and American Express technology campus
Who's building
Top builders active in Phoenix
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Common questions
Phoenix FAQ
Is Phoenix a good place to buy a home?
Phoenix offers strong job growth from semiconductor manufacturing and warm year-round climate and active new construction across Valley suburbs.
What is the median home price in Phoenix?
The median home price in Phoenix is approximately $415,000 with new construction in outer suburbs like Buckeye and Surprise from mid $300,000s.
Which Phoenix suburbs have the most new construction?
Buckeye, Goodyear, Queen Creek, Surprise, and Peoria are most active new construction markets with multiple national builder communities.
Is Phoenix good for real estate investors?
Phoenix offers strong rental demand from semiconductor and healthcare workers and consistent population growth and investment-friendly environment with no rent control.
What is driving Phoenix population growth?
Semiconductor manufacturing by Intel and TSMC and domestic migration from California and growing retirement population and Arizona business-friendly tax environment are primary drivers.
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