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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

$268,404

AVERAGE PRICE OF 531 HOMES

$156,723

AVERAGE PRICE OF 22 DISTRESSED HOMES

$1,335,000

AVERAGE PRICE OF 5 MULTI-MILLION DOLLAR HOMES

$328,067

AVERAGE PRICE OF 64 NEWLY BUILT HOMES

$386,570

AVERAGE PRICE OF 10 HOMES WITH A POOL

$253,914

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

Average Home

Average Price $268,404
Avg Bedrooms 3.01 beds
Avg Bathrooms 1.67 baths

Average Price by Bedrooms

1 bedroom $82,000
2 bedrooms $166,253
3 bedrooms $231,040
4 bedrooms $301,911
5 bedrooms $384,099
Portsmouth Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 559 553 n/a n/a n/a
Average Price $264,441 $263,582 n/a n/a n/a
Avg Price Change +0.33% n/a n/a n/a n/a
Median Price $250,099 $249,937 n/a n/a n/a
Med Price Change +0.06% n/a n/a n/a n/a
Avg Bedrooms 2.97 beds 2.96 beds n/a n/a n/a
Avg Bathrooms 1.66 baths 1.65 baths n/a n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Churchland 142 $292,994 44 days
Ic Norcom 196 $259,949 77 days
Manor High 163 $230,461 72 days
Other High School 12 $244,366 42 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 531 $268,404 74 days
Distressed Homes 22 $156,723 183 days
Multi-Million Dollar Homes 5 $1,335,000 111 days
Newly Built Homes 64 $328,067 109 days
Homes with a Pool 10 $386,570 38 days
Reduced Price Homes 29 $253,914 67 days