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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

$258,022

AVERAGE PRICE OF 391 HOMES

$197,671

AVERAGE PRICE OF 20 DISTRESSED HOMES

$1,487,500

AVERAGE PRICE OF 2 MULTI-MILLION DOLLAR HOMES

$348,818

AVERAGE PRICE OF 27 NEWLY BUILT HOMES

$288,562

AVERAGE PRICE OF 8 HOMES WITH A POOL

$258,225

AVERAGE PRICE OF 8 REDUCED PRICE HOMES

Average Home

Average Price $258,022
Avg Bedrooms 2.9 beds
Avg Bathrooms 1.56 baths

Average Price by Bedrooms

1 bedroom $94,450
2 bedrooms $155,683
3 bedrooms $235,250
4 bedrooms $295,223
5 bedrooms $359,019
Portsmouth Home Price Trends
  12/2022 11/2022 10/2022 9/2022 8/2022
Total Listings 437 484 500 534 559
Average Price $251,092 $258,755 $267,884 $269,712 $264,441
Avg Price Change -3.05% -3.53% -0.68% +1.99% +0.33%
Median Price $239,351 $244,755 $251,146 $258,248 $250,099
Med Price Change -2.26% -2.61% -2.83% +3.26% +0.06%
Avg Bedrooms 2.88 beds 2.88 beds 2.92 beds 3 beds 2.97 beds
Avg Bathrooms 1.56 baths 1.55 baths 1.61 baths 1.67 baths 1.66 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Churchland 94 $291,392 57 days
Ic Norcom 145 $242,336 71 days
Manor High 133 $234,790 85 days
Other High School 11 $208,652 49 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 391 $258,022 84 days
Distressed Homes 20 $197,671 193 days
Multi-Million Dollar Homes 2 $1,487,500 220 days
Newly Built Homes 27 $348,818 82 days
Homes with a Pool 8 $288,562 44 days
Reduced Price Homes 8 $258,225 46 days