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Data as of July 2026. Source: Realtor.com.
The PORTSMOUTH, VA real estate market (23701) currently shows 72 active listings, with 2 pending sales. Homes are averaging 46 days on the market before going under contract.
Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 46 days on market compared to 32 days last year.
The median listing price has fallen 0.5% year-over-year, from $267,250 to $265,950.
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.
Population: 24,850 · Density: 1,242.7/mi² · Median household income: $61,961
Typical home value: $200,471 · Homeownership: 64.8%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 23701 | Portsmouth, VA 23701 | 0.0 mi | 60 | $15,952,740 | $260,000 | $265,879 |
| 23707 | Portsmouth, VA 23707 | 2.7 mi | 37 | $10,476,328 | $280,950 | $283,144 |
| 23704 | Portsmouth, VA 23704 | 3.3 mi | 68 | $17,330,412 | $259,700 | $254,859 |
| 23510 | Norfolk, VA 23510 | 5.1 mi | 39 | $15,795,351 | $298,750 | $405,009 |
| 23324 | Chesapeake, VA 23324 | 5.3 mi | 43 | $11,913,193 | $268,725 | $277,051 |
| 23517 | Norfolk, VA 23517 | 5.9 mi | 7 | $2,218,146 | $277,975 | $316,878 |
| 23435 | Suffolk, VA 23435 | 6.4 mi | 150 | $80,041,500 | $514,900 | $533,610 |
| 23323 | Chesapeake, VA 23323 | 7.2 mi | 63 | $30,775,311 | $497,450 | $488,497 |
| 23509 | Norfolk, VA 23509 | 7.7 mi | 29 | $9,998,098 | $284,975 | $344,762 |
| 23513 | Norfolk, VA 23513 | 9.0 mi | 57 | $17,493,471 | $304,450 | $306,903 |
| 23433 | Suffolk, VA 23433 | 9.5 mi | 10 | $8,196,400 | $656,175 | $819,640 |
| 23436 | Suffolk, VA 23436 | 9.6 mi | 5 | $5,359,700 | $654,900 | $1,071,940 |
| 23432 | Suffolk, VA 23432 | 10.8 mi | 3 | $1,416,339 | $449,500 | $472,113 |
As of July 2026, there are 72 active listings in PORTSMOUTH, VA (zip code 23701), compared to 90 the prior year.
The median listing price in PORTSMOUTH, VA 23701 is $265,950 as of July 2026, a 0.5% decrease from $267,250 the prior year.
Homes in PORTSMOUTH, VA 23701 spend an average of 46 days on the market before going under contract, compared to 32 days the prior year.
Based on current inventory and days-on-market data as of July 2026, PORTSMOUTH, VA 23701 is currently a Balanced Market. Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 46 days on market compared to 32 days last year.
With SELL123.com's maximum 3% commission, sellers in PORTSMOUTH, VA 23701 save an estimated $5,319 compared to a typical 5% commission on the median listing price of $265,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.