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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

$310,759

AVERAGE PRICE OF 529 HOMES

$186,258

AVERAGE PRICE OF 24 DISTRESSED HOMES

$2,915,833

AVERAGE PRICE OF 6 MULTI-MILLION DOLLAR HOMES

$352,798

AVERAGE PRICE OF 60 NEWLY BUILT HOMES

$338,066

AVERAGE PRICE OF 15 HOMES WITH A POOL

$293,267

AVERAGE PRICE OF 19 REDUCED PRICE HOMES

Average Home

Average Price $310,759
Avg Bedrooms 2.98 beds
Avg Bathrooms 1.7 baths

Average Price by Bedrooms

1 bedroom $200,000
2 bedrooms $208,142
3 bedrooms $259,991
4 bedrooms $342,286
5 bedrooms $398,667
Portsmouth Home Price Trends
  11/2024 10/2024 9/2024 8/2024 7/2024
Total Listings 541 569 567 555 555
Average Price $310,734 $303,661 $296,337 $287,438 $290,097
Avg Price Change +2.33% +2.47% +3.10% -0.93% -1.96%
Median Price $274,456 $268,525 $267,488 $269,274 $271,753
Med Price Change +2.21% +0.39% -0.67% -0.92% -1.11%
Avg Bedrooms 2.95 beds 2.88 beds 2.86 beds 2.86 beds 2.88 beds
Avg Bathrooms 1.68 baths 1.65 baths 1.65 baths 1.65 baths 1.68 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Manor High 204 $267,015 61 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 529 $310,759 66 days
Distressed Homes 24 $186,258 112 days
Multi-Million Dollar Homes 6 $2,915,833 175 days
Newly Built Homes 60 $352,798 70 days
Homes with a Pool 15 $338,066 45 days
Reduced Price Homes 19 $293,267 52 days