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City / Town Overview

Portsmouth, VA

Aggregate real estate market report across all ZIPs in scope
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The Portsmouth, VA real estate market currently shows 264 active listings, with 4 pending sales. Homes are averaging 33.6 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 33.6 days on market compared to 35.1 days last year.

The median listing price has risen 6.3% year-over-year, from $272,504 to $289,760.

Whether you are buying or selling in Portsmouth, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 97,384  ·  Density: 1,268.4/mi²  ·  Median household income: $57,137

Typical home value: $207,243  ·  Homeownership: 56.4%

Included Areas

Olde Towne: 23704, 23708

Oregon Acres: 23701

West Cradock: 23702

Cedarfield of Churchland: 23703

Skyler Cove: 23705

Forrest Park: 23707

Olde Towne Commons: 23709

Area Map

Market Overview

Active Listings
264
⇧ 0.4% vs 263 last year
Pending
4
2% pending ratio
Median Price
$289,760
⇧ 6.3% vs $272,504 last year
Average Price
$295,506
⇧ 4.7% vs $282,372 last year
Days on Market
33.6
⇩ 4.3% vs 35 days last year

Price Per Square Foot

Median $/sqft
$188
⇧ 3.4% vs $181/sqft last year
Median Home Size
1,515 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %