Data as of July 2026. Source: Realtor.com.
The PORTSMOUTH, VA real estate market (23707) currently shows 46 active listings, with 1 pending sales. Homes are averaging 36 days on the market before going under contract.
Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 36 days on market compared to 32 days last year.
The median listing price has risen 6.3% year-over-year, from $277,050 to $294,500.
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: 14,254 · Density: 1,411.5/mi² · Median household income: $49,363
Typical home value: $198,883 · Homeownership: 55.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 23707 | Portsmouth, VA 23707 | 0.0 mi | 37 | $10,476,328 | $280,950 | $283,144 |
| 23507 | Norfolk, VA 23507 | 2.5 mi | 19 | $8,106,445 | $252,750 | $426,655 |
| 23510 | Norfolk, VA 23510 | 2.8 mi | 39 | $15,795,351 | $298,750 | $405,009 |
| 23703 | Portsmouth, VA 23703 | 3.1 mi | 61 | $20,728,044 | $340,950 | $339,804 |
| 23508 | Norfolk, VA 23508 | 3.4 mi | 33 | $12,000,318 | $349,950 | $363,646 |
| 23504 | Norfolk, VA 23504 | 4.2 mi | 50 | $15,302,500 | $280,000 | $306,050 |
| 23509 | Norfolk, VA 23509 | 5.1 mi | 29 | $9,998,098 | $284,975 | $344,762 |
| 23505 | Norfolk, VA 23505 | 5.6 mi | 46 | $19,165,762 | $318,825 | $416,647 |
| 23513 | Norfolk, VA 23513 | 6.5 mi | 57 | $17,493,471 | $304,450 | $306,903 |
| 23435 | Suffolk, VA 23435 | 7.8 mi | 150 | $80,041,500 | $514,900 | $533,610 |
| 23518 | Norfolk, VA 23518 | 8.5 mi | 83 | $43,524,453 | $417,000 | $524,391 |
| 23464 | Virginia Beach, VA 23464 | 9.4 mi | 64 | $26,882,176 | $405,000 | $420,034 |
| 23323 | Chesapeake, VA 23323 | 9.6 mi | 63 | $30,775,311 | $497,450 | $488,497 |
As of July 2026, there are 46 active listings in PORTSMOUTH, VA (zip code 23707), compared to 53 the prior year.
The median listing price in PORTSMOUTH, VA 23707 is $294,500 as of July 2026, a 6.3% increase from $277,050 the prior year.
Homes in PORTSMOUTH, VA 23707 spend an average of 36 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 23707 is currently a Balanced Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 36 days on market compared to 32 days last year.
With SELL123.com's maximum 3% commission, sellers in PORTSMOUTH, VA 23707 save an estimated $5,890 compared to a typical 5% commission on the median listing price of $294,500. 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.