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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

$299,237

AVERAGE PRICE OF 514 HOMES

$229,065

AVERAGE PRICE OF 25 DISTRESSED HOMES

$1,592,714

AVERAGE PRICE OF 7 MULTI-MILLION DOLLAR HOMES

$315,969

AVERAGE PRICE OF 66 NEWLY BUILT HOMES

$322,536

AVERAGE PRICE OF 11 HOMES WITH A POOL

$256,740

AVERAGE PRICE OF 22 REDUCED PRICE HOMES

Average Home

Average Price $299,237
Avg Bedrooms 2.96 beds
Avg Bathrooms 1.73 baths

Average Price by Bedrooms

1 bedroom $121,750
2 bedrooms $211,100
3 bedrooms $269,798
4 bedrooms $328,669
5 bedrooms $399,200
Portsmouth Home Price Trends
  4/2024 3/2024 2/2024 1/2024 12/2023
Total Listings 501 462 465 475 479
Average Price $287,801 $290,922 $286,765 $280,129 $286,476
Avg Price Change -1.08% +1.45% +2.37% -2.27% +1.24%
Median Price $270,053 $269,938 $268,184 $265,000 $264,634
Med Price Change +0.04% +0.65% +1.20% +0.14% +1.72%
Avg Bedrooms 2.97 beds 2.96 beds 2.92 beds 2.87 beds 2.9 beds
Avg Bathrooms 1.73 baths 1.73 baths 1.72 baths 1.68 baths 1.65 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Manor High 196 $266,951 69 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 514 $299,237 65 days
Distressed Homes 25 $229,065 114 days
Multi-Million Dollar Homes 7 $1,592,714 193 days
Newly Built Homes 66 $315,969 116 days
Homes with a Pool 11 $322,536 50 days
Reduced Price Homes 22 $256,740 59 days