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Forrest Park

PORTSMOUTH, VA 23707

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

Market Overview

Active Listings
43
⇩ 2.3% vs 44 last year
Pending
0
0% pending ratio
Median Price
$285,000
⇧ 1.4% vs $281,175 last year
Average Price
$299,511
⇧ 0.1% vs $299,206 last year
Days on Market
52
⇩ 8.8% vs 57 days last year

Market Context

Population: 14,254  ·  Density: 1,411.5/mi²  ·  Median household income: $49,363

Typical home value: $198,883  ·  Homeownership: 55.5%

Market Analysis

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

The PORTSMOUTH, VA real estate market (23707) currently shows 43 active listings. Homes are averaging 52 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 52 days on market compared to 57 days last year.

The median listing price has risen 1.4% year-over-year, from $281,175 to $285,000.

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: 43 this year vs 44 last year
  • Days on market: 52 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $285,000 (+1.4% YoY)
  • Average: $299,511 (+0.1% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.6 miles — 759 listings ($321,152,320 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23707Portsmouth, VA 237070.0 mi43$12,878,973$285,000$299,511
23507Norfolk, VA 235072.5 mi21$9,285,234$250,000$442,154
23510Norfolk, VA 235102.8 mi40$16,822,480$327,250$420,562
23703Portsmouth, VA 237033.1 mi72$25,197,552$348,500$349,966
23508Norfolk, VA 235083.4 mi43$16,661,683$364,900$387,481
23504Norfolk, VA 235044.2 mi50$15,550,500$287,250$311,010
23509Norfolk, VA 235095.1 mi28$9,176,608$281,450$327,736
23505Norfolk, VA 235055.6 mi45$17,479,440$325,000$388,432
23513Norfolk, VA 235136.5 mi48$14,308,368$292,500$298,091
23435Suffolk, VA 234357.8 mi135$73,078,605$517,000$541,323
23518Norfolk, VA 235188.5 mi88$44,206,008$395,000$502,341
23464Virginia Beach, VA 234649.4 mi73$31,454,021$424,500$430,877
23323Chesapeake, VA 233239.6 mi73$35,052,848$450,000$480,176

Frequently Asked Questions

How many homes are for sale in PORTSMOUTH, VA 23707?

As of January 2026, there are 43 active listings in PORTSMOUTH, VA (zip code 23707), compared to 44 the prior year.

What is the median home price in PORTSMOUTH, VA 23707?

The median listing price in PORTSMOUTH, VA 23707 is $285,000 as of January 2026, a 1.4% increase from $281,175 the prior year.

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

Homes in PORTSMOUTH, VA 23707 spend an average of 52 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in PORTSMOUTH, VA 23707?

Based on current inventory and days-on-market data as of January 2026, PORTSMOUTH, VA 23707 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 52 days on market compared to 57 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 23707 save an estimated $5,700 compared to a typical 5% commission on the median listing price of $285,000. 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.