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Portsmouth

Why you'd want to live in Portsmouth

Portsmouth has miles of waterfront land on the Elizabeth River as part of the harbor of Hampton Roads. There is a ferry boat that takes riders back and forth across the water between Downtown Norfolk and Olde Towne Portsmouth. Portsmouth is located on the western side of the Elizabeth River directly across from the City of Norfolk.

Portsmouth Market Report

$298,299

AVERAGE PRICE OF 542 HOMES

$214,915

AVERAGE PRICE OF 33 DISTRESSED HOMES

$2,225,000

AVERAGE PRICE OF 2 MULTI-MILLION DOLLAR HOMES

$372,999

AVERAGE PRICE OF 36 NEWLY BUILT HOMES

$401,846

AVERAGE PRICE OF 13 HOMES WITH A POOL

$249,361

AVERAGE PRICE OF 21 REDUCED PRICE HOMES

Average Home

Average Price $298,299
Avg Bedrooms 2.94 beds
Avg Bathrooms 1.67 baths

Average Price by Bedrooms

1 bedroom $124,162
2 bedrooms $213,491
3 bedrooms $272,043
4 bedrooms $339,260
5 bedrooms $452,856
Portsmouth Home Price Trends
  10/2025 9/2025 8/2025 7/2025 6/2025
Total Listings 540 568 566 578 564
Average Price $293,670 $293,965 $288,011 $290,422 $292,068
Avg Price Change -0.10% +2.07% -0.84% -0.57% -0.10%
Median Price $275,838 $275,431 $272,398 $271,450 $271,880
Med Price Change +0.15% +1.11% +0.35% -0.16% +0.77%
Avg Bedrooms 2.94 beds 2.93 beds 2.94 beds 2.95 beds 2.91 beds
Avg Bathrooms 1.67 baths 1.66 baths 1.67 baths 1.67 baths 1.64 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Manor High 192 $267,499 64 days
Total Homes Average Price Avg Days on Site
All Homes 542 $298,299 68 days
Distressed Homes 33 $214,915 74 days
Multi-Million Dollar Homes 2 $2,225,000 260 days
Newly Built Homes 36 $372,999 158 days
Homes with a Pool 13 $401,846 81 days
Reduced Price Homes 21 $249,361 42 days
2025 REIN, Inc. Information Deemed Reliable But Not Guaranteed. The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent. © 2025 REIN. REIN's listings data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW. REIN updates its listings on a daily basis. Data last updated: November 8, 2025. This application does not include information on all of the properties available for sale at this time.

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