Portsmouth, VA

Seller's market+6.7% YoY

Housing market overview · Updated weekly

$282,750median sale price

Homes sold

118

Last 12 weeks

Days on market

40

Average pace

Active listings

289

2.4 months supply

Sale-to-list

99.4%

Below asking

The Portsmouth housing market is currently classified as a seller's market with a median sale price of $282,750. Prices have risen 6.7% compared to last year, with homes spending an average of 40 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Portsmouth

There are currently 289 homes listed for sale in Portsmouth, Virginia. The median listing price is $289K. Featured listings range from $137,900 to $439,000.

2 bedroom townhouse for sale at 1649 Darren Cir Portsmouth 23701 - $137,900
New listing
31
$137,900

1649 Darren Cir

Portsmouth, VA 23701

2 bd2 ba930 sqft
Townhouse1.00 acres
Est. $96KSold 2020 for $40K

Tranika Starks · Swell Real Estate Co

More about this property
2 bedroom house for sale at 2810 Arcadia Ave Portsmouth 23704 - $215,000
New listing
28
$215,000

2810 Arcadia Ave

Portsmouth, VA 23704

2 bd1 ba700 sqft
House7,405 sqft lot
Est. $187KSold 2011 for $18K

Shonda Taylor · ONYX Realty Professionals

More about this property
3 bedroom house for sale at 4425 Winchester Dr Portsmouth 23707 - $244,900
New listing
14
$244,900

4425 Winchester Dr

Portsmouth, VA 23707

3 bd2 ba1,656 sqft
House
Est. $259K
More about this property
3 bedroom house for sale at 20 S Colin Dr Portsmouth 23701 - $245,000
New listing
29
$245,000

20 S Colin Dr

Portsmouth, VA 23701

3 bd1 ba924 sqft
House
More about this property
3 bedroom house for sale at 2214 Deep Creek Blvd Portsmouth 23704 - $270,000
New listing
22
$270,000

2214 Deep Creek Blvd

Portsmouth, VA 23704

3 bd3 ba1,205 sqft
House
Est. $185KSold 2025 for $170K
More about this property
2 bedroom house for sale at 1930 Nashville Ave Portsmouth 23704 - $275,000
New listing
24
$275,000

1930 Nashville Ave

Portsmouth, VA 23704

2 bd2 ba1,422 sqft
House
Est. $155KSold 2026 for $127K
More about this property
3 bedroom house for sale at 1314 Parker Ave Portsmouth 23704 - $285,000
New listing
20
$285,000

1314 Parker Ave

Portsmouth, VA 23704

3 bd2 ba1,370 sqft
House5,227 sqft lot
Est. $142KSold 2025 for $137K
More about this property
3 bedroom house for sale at 5608 Greenefield Dr N Portsmouth 23703 - $332,500
New listing
48
$332,500

5608 Greenefield Dr N

Portsmouth, VA 23703

3 bd2 ba1,750 sqft
House11,761 sqft lot
Est. $328K
More about this property
4 bedroom house for sale at 3716 Linnet Ln Portsmouth 23703 - $375,000
New listing
36
$375,000

3716 Linnet Ln

Portsmouth, VA 23703

4 bd2 ba1,500 sqft
House10,890 sqft lot
Est. $322KSold 2021 for $250K

Tonya Simpson-feamster · Southside Real Estate

More about this property
3 bedroom house for sale at 128 Bearing Way Portsmouth 23702 - $389,900
New listing
21
$389,900

128 Bearing Way

Portsmouth, VA 23702

3 bd2 ba1,296 sqft
House
Est. $370K
More about this property
5 bedroom house for sale at 3405 Woodstock St Portsmouth 23701 - $425,200
New listing
44
$425,200

3405 Woodstock St

Portsmouth, VA 23701

5 bd3 ba2,247 sqft
House
Est. $112KSold 2025 for $110K

Jobenia Parker · JP Realty and Associates

More about this property
4 bedroom townhouse for sale at 68 Sandie Point Ln Portsmouth 23701 - $439,000
New listing
43
$439,000

68 Sandie Point Ln

Portsmouth, VA 23701

4 bd3 ba1,900 sqft
Townhouse
Est. $443KSold 2019 for $275K
More about this property

Looking to buy in Portsmouth?

Get connected with a local real estate expert — free, no obligation.

Active listings

289

Homes on market

Median list price

$289K

Avg. days on market

40

Days until sale

New this week

144

Newly listed

Price drops:21.4%of listings
Sale-to-list:99.4%

Explore nearby cities in VA

Frequently asked questions

What is the average home price in Portsmouth?

The median home sale price in Portsmouth is $282,750, up 6.7% from last year.

How long do homes stay on market in Portsmouth?

Homes typically spend 40 days on market before going under contract.

Is Portsmouth a buyer's or seller's market?

With 2.4 months of supply, Portsmouth is currently a seller's market.

How many homes are for sale in Portsmouth?

There are currently 289 homes listed for sale in Portsmouth, VA.

Get Portsmouth market alerts

Weekly updates on prices, inventory, and trends. Free forever.