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Prentis Place

PORTSMOUTH, VA 23704

Real Estate Market Report
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
67
⇧ 8.1% vs 62 last year
Pending
2
3% pending ratio
Median Price
$259,900
⇧ 9.6% vs $237,225 last year
Average Price
$252,100
⇩ 5% vs $265,335 last year
Days on Market
57
⇧ 5.6% vs 54 days last year

Market Context

Population: 18,125  ·  Density: 1,548.1/mi²  ·  Median household income: $43,680

Typical home value: $172,149  ·  Homeownership: 35.7%

Market Analysis

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

The PORTSMOUTH, VA real estate market (23704) currently shows 67 active listings, with 2 pending sales. Homes are averaging 57 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 57 days on market compared to 54 days last year.

The median listing price has risen 9.6% year-over-year, from $237,225 to $259,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 67 this year vs 62 last year
  • Days on market: 57 now vs 54 last year

Median & Average Pricing

Year over Year
  • Median: $259,900 (+9.6% YoY)
  • Average: $252,100 (-5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.3 miles — 776 listings ($312,302,325 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23704Portsmouth, VA 237040.0 mi67$16,890,700$259,900$252,100
23707Portsmouth, VA 237071.9 mi43$12,878,973$285,000$299,511
23523Norfolk, VA 235232.3 mi12$3,965,508$330,000$330,459
23324Chesapeake, VA 233242.7 mi55$16,439,995$290,000$298,909
23701Portsmouth, VA 237013.3 mi61$16,629,027$265,000$272,607
23508Norfolk, VA 235084.0 mi43$16,661,683$364,900$387,481
23509Norfolk, VA 235094.8 mi28$9,176,608$281,450$327,736
23513Norfolk, VA 235136.0 mi48$14,308,368$292,500$298,091
23502Norfolk, VA 235026.2 mi25$10,047,150$357,500$401,886
23320Chesapeake, VA 233207.3 mi95$41,889,300$425,000$440,940
23518Norfolk, VA 235188.2 mi88$44,206,008$395,000$502,341
23462Virginia Beach, VA 234628.9 mi76$36,130,400$330,000$475,400
23435Suffolk, VA 234359.3 mi135$73,078,605$517,000$541,323

Frequently Asked Questions

How many homes are for sale in PORTSMOUTH, VA 23704?

As of January 2026, there are 67 active listings in PORTSMOUTH, VA (zip code 23704), compared to 62 the prior year.

What is the median home price in PORTSMOUTH, VA 23704?

The median listing price in PORTSMOUTH, VA 23704 is $259,900 as of January 2026, a 9.6% increase from $237,225 the prior year.

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

Homes in PORTSMOUTH, VA 23704 spend an average of 57 days on the market before going under contract, compared to 54 days the prior year.

Is it a seller's or buyer's market in PORTSMOUTH, VA 23704?

Based on current inventory and days-on-market data as of January 2026, PORTSMOUTH, VA 23704 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 57 days on market compared to 54 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PORTSMOUTH, VA 23704 save an estimated $5,198 compared to a typical 5% commission on the median listing price of $259,900. 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.