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PORTSMOUTH, VA 23704

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

Neighborhoods in ZIP 23704

Dale Homes · Swanson Homes

Market Analysis

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

The PORTSMOUTH, VA real estate market (23704) currently shows 68 active listings. Homes are averaging 39 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 39 days on market compared to 36 days last year.

The median listing price has risen 8% year-over-year, from $250,000 to $269,950.

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.

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Market Context

Market Context

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

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

Market Overview

Active Listings
68
⇧ 21.4% vs 56 last year
Pending
0
0% pending ratio
Median Price
$269,950
⇧ 8% vs $250,000 last year
Average Price
$272,848
⇧ 1.1% vs $269,908 last year
Days on Market
39
⇧ 8.3% vs 36 days last year

Price Per Square Foot

Median $/sqft
$172
⇧ 1.8% vs $169/sqft last year
Median Home Size
1,581 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 68 this year vs 56 last year
  • Days on market: 39 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $269,950 (+8% YoY)
  • Average: $272,848 (+1.1% 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 9.3 miles — 753 listings ($299,594,797 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23704Portsmouth, VA 237040.0 mi68$17,330,412$259,700$254,859
23707Portsmouth, VA 237071.9 mi37$10,476,328$280,950$283,144
23523Norfolk, VA 235232.3 mi14$4,144,252$277,500$296,018
23324Chesapeake, VA 233242.7 mi43$11,913,193$268,725$277,051
23701Portsmouth, VA 237013.3 mi60$15,952,740$260,000$265,879
23508Norfolk, VA 235084.0 mi33$12,000,318$349,950$363,646
23509Norfolk, VA 235094.8 mi29$9,998,098$284,975$344,762
23513Norfolk, VA 235136.0 mi57$17,493,471$304,450$306,903
23502Norfolk, VA 235026.2 mi29$11,410,398$342,500$393,462
23320Chesapeake, VA 233207.3 mi86$37,215,554$405,975$432,739
23518Norfolk, VA 235188.2 mi83$43,524,453$417,000$524,391
23462Virginia Beach, VA 234628.9 mi64$28,094,080$318,000$438,970
23435Suffolk, VA 234359.3 mi150$80,041,500$514,900$533,610

Frequently Asked Questions

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

As of March 2026, there are 68 active listings in PORTSMOUTH, VA (zip code 23704), compared to 56 the prior year.

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

The median listing price in PORTSMOUTH, VA 23704 is $269,950 as of March 2026, a 8% increase from $250,000 the prior year.

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

Homes in PORTSMOUTH, VA 23704 spend an average of 39 days on the market before going under contract, compared to 36 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 March 2026, PORTSMOUTH, VA 23704 is currently a Buyer's Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 39 days on market compared to 36 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 $5,399 compared to a typical 5% commission on the median listing price of $269,950. 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.