Portsmouth, VA Home Values & Market Trends
Real estate market trends reflect that there have been 1,938 transactions over the past year in Portsmouth. The median value for residential home transactions that occurred over the previous year is $282,360. The number of current listings in Portsmouth is 2,203, and the percentage of properties for sale in the city is 2203.00%. Portsmouth, VA currently has 146 properties in foreclosure, 77 bank owned properties, 69 properties headed for auction, and 2,203 properties for sale.
Portsmouth, VA Real Estate Market Overview
Housing Market Summary for Portsmouth, VA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $250K | $260K | 4.00% |
| Median Sold Price | $251.9K | $255.2K | 1.29% |
| Homes For Sale | 1,743 | 2,166 | 24.27% |
| Homes Sold | 499 | 387 | -22.44% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Portsmouth, VA
Browse Homes in Portsmouth, VA
Portsmouth home values range from $50,000 to $899,000. The median estimated value of a home in Portsmouth is $282,360. The median list price of a home is 260,000, and the total count of properties in the city is 2,874.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Portsmouth, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Portsmouth, VA; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Portsmouth, VA ranges from the highest value of $369,900 in 23703 to the lowest value of $96,000 in 23704. Bank owned homes and properties account for 2.68% of properties in Portsmouth, VA. There are 5 zips within Portsmouth, VA; 23701 containing 22 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions23703 has 21 auction properties, the highest number of properties going to auction in a single zip in the state of Portsmouth, VA. Auction homes and other auction properties account for 2.40% of all properties in Portsmouth, VA. There are 5 zips within Portsmouth, VA; of those zips, the median estimated home value for homes going to auction ranges from $441,375 in 23703 to the lowest value of $114,134 in 23703.
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Guide for Portsmouth, VA
Virginia Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
