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Norport Homes

PORTSMOUTH, VA 23702

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 23702

Norport Homes

Market Analysis

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

The PORTSMOUTH, VA real estate market (23702) currently shows 35 active listings, with 2 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

The median listing price has fallen 2.5% year-over-year, from $249,900 to $243,725.

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: 12,107  ·  Density: 1,949.1/mi²  ·  Median household income: $45,772

Typical home value: $175,295  ·  Homeownership: 46.8%

Market Overview

Active Listings
35
⇧ 12.9% vs 31 last year
Pending
2
6% pending ratio
Median Price
$243,725
⇩ 2.5% vs $249,900 last year
Average Price
$244,353
⇩ 2% vs $249,396 last year
Days on Market
46
vs 46 days last year

Price Per Square Foot

Median $/sqft
$180
⇩ 4.8% vs $189/sqft last year
Median Home Size
1,328 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 35 this year vs 31 last year
  • Days on market: 46 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $243,725 (-2.5% YoY)
  • Average: $244,353 (-2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 10.6 miles — 650 listings ($250,253,284 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23702Portsmouth, VA 237020.0 mi35$8,184,155$223,724$233,833
23701Portsmouth, VA 237012.5 mi60$15,952,740$260,000$265,879
23324Chesapeake, VA 233242.9 mi43$11,913,193$268,725$277,051
23510Norfolk, VA 235103.9 mi39$15,795,351$298,750$405,009
23325Chesapeake, VA 233254.9 mi20$9,582,400$340,000$479,120
23504Norfolk, VA 235045.0 mi50$15,302,500$280,000$306,050
23508Norfolk, VA 235085.7 mi33$12,000,318$349,950$363,646
23509Norfolk, VA 235096.5 mi29$9,998,098$284,975$344,762
23323Chesapeake, VA 233237.2 mi63$30,775,311$497,450$488,497
23513Norfolk, VA 235137.7 mi57$17,493,471$304,450$306,903
23464Virginia Beach, VA 234648.2 mi64$26,882,176$405,000$420,034
23518Norfolk, VA 2351810.0 mi83$43,524,453$417,000$524,391
23503Norfolk, VA 2350310.6 mi74$32,849,118$349,675$443,907

Frequently Asked Questions

How many homes are for sale in PORTSMOUTH, VA 23702?

As of March 2026, there are 35 active listings in PORTSMOUTH, VA (zip code 23702), compared to 31 the prior year.

What is the median home price in PORTSMOUTH, VA 23702?

The median listing price in PORTSMOUTH, VA 23702 is $243,725 as of March 2026, a 2.5% decrease from $249,900 the prior year.

How long do homes stay on the market in PORTSMOUTH, VA?

Homes in PORTSMOUTH, VA 23702 spend an average of 46 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in PORTSMOUTH, VA 23702?

Based on current inventory and days-on-market data as of March 2026, PORTSMOUTH, VA 23702 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

How much can I save on real estate commission in PORTSMOUTH, VA?

With SELL123.com's maximum 3% commission, sellers in PORTSMOUTH, VA 23702 save an estimated $4,875 compared to a typical 5% commission on the median listing price of $243,725. 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.