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City / Town Overview

Portsmouth, VA

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

Market Analysis

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

The Portsmouth, VA real estate market currently shows 273 active listings, with 6 pending sales. Homes are averaging 33.4 days on the market before going under contract.

Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice.

Homes are selling faster, averaging 33.4 days on market compared to 38.9 days last year.

The median listing price has risen 4.6% year-over-year, from $271,391 to $284,008.

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

Portsmouth: 23701, 23702, 23707

Olde Towne: 23704, 23708

Cedarfield of Churchland: 23703

Skyler Cove: 23705

Olde Towne Commons: 23709

Area Map

Market Overview

Active Listings
273
⇧ 10.1% vs 248 last year
Pending
6
2% pending ratio
Median Price
$284,008
⇧ 4.6% vs $271,391 last year
Average Price
$289,828
⇧ 0.5% vs $288,428 last year
Days on Market
33.4
⇩ 14.1% vs 39 days last year

Price Per Square Foot

Median $/sqft
$186
⇧ 2.1% vs $182/sqft last year
Median Home Size
1,486 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 %