Housing Prices in Portsmouth, VA

How much do homes in Portsmouth, VA cost?

Median List Price

$270,160

$175/sqft

Based on all homes listed in May 2024.

Difference Since Last Month

+$5,160(+1.9%)

Key Takeaway

The list price of homes in Portsmouth has increased by 1.9% since April.

Summary: The median home list price in Portsmouth was $270,160 in May 2024, up 1.9% from the previous month, and the median price per square foot was $175.

Median List Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 $110K$98.7K
-10.2%
2 $180K$190K
+5.6%
3 $252.1K$259K
+2.7%
4 $303.5K$312.7K
+3.0%
5+ $325K$382.4K
+17.7%

Summary: Portsmouth housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 17.7%.

Median List Price Compared To Nearby Cities

Chesapeake
+2.8%
Portsmouth
+1.9%
Norfolk
0.0%

Housing Supply in Portsmouth, VA

How many homes are available in Portsmouth, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
696773+11.1%

Summary: The Portsmouth real estate market had 773 homes for sale in May 2024, a 11.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 76
-14.3%
2 111112
+0.9%
3 344402
+16.9%
4 204223
+9.3%
5+ 3030
0.0%

Summary: The Portsmouth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes remained the same.

Days on Market for Portsmouth, VA

How long does it take to sell a home in Portsmouth, VA?

Average Listing Age

Apr 2024May 2024CHANGE
65 Days67 Days+3.8%

Summary: Homes in Portsmouth had an average listing age of 67 days in May 2024, up by 3.8% compared to the previous month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Portsmouth, VA

Nearby Markets to Portsmouth, VA

What housing markets are near Portsmouth, VA?