If you need assistance, please call 757-447-2877

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

$285,593

AVERAGE PRICE OF 471 HOMES

$204,082

AVERAGE PRICE OF 34 DISTRESSED HOMES

$1,746,800

AVERAGE PRICE OF 5 MULTI-MILLION DOLLAR HOMES

$339,144

AVERAGE PRICE OF 49 NEWLY BUILT HOMES

$318,830

AVERAGE PRICE OF 10 HOMES WITH A POOL

$264,695

AVERAGE PRICE OF 22 REDUCED PRICE HOMES

Average Home

Average Price $285,593
Avg Bedrooms 2.9 beds
Avg Bathrooms 1.59 baths

Average Price by Bedrooms

1 bedroom $104,375
2 bedrooms $170,865
3 bedrooms $249,570
4 bedrooms $305,625
5 bedrooms $372,855
Portsmouth Home Price Trends
  8/2023 7/2023 6/2023 5/2023 4/2023
Total Listings 465 441 451 431 417
Average Price $290,471 $291,739 $276,363 $267,563 $262,862
Avg Price Change -0.44% +5.56% +3.29% +1.79% +2.56%
Median Price $263,719 $260,390 $253,932 $250,799 $242,587
Med Price Change +1.28% +2.54% +1.25% +3.39% +3.28%
Avg Bedrooms 2.95 beds 2.89 beds 2.87 beds 2.95 beds 2.95 beds
Avg Bathrooms 1.63 baths 1.6 baths 1.57 baths 1.63 baths 1.61 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Churchland 114 $274,928 48 days
Ic Norcom 172 $288,378 63 days
Manor High 162 $256,595 58 days
Other High School 7 $236,271 36 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 471 $285,593 61 days
Distressed Homes 34 $204,082 70 days
Multi-Million Dollar Homes 5 $1,746,800 133 days
Newly Built Homes 49 $339,144 74 days
Homes with a Pool 10 $318,830 43 days
Reduced Price Homes 22 $264,695 48 days