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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

    $299,785

    AVERAGE PRICE OF 494 HOMES

    $217,042

    AVERAGE PRICE OF 44 DISTRESSED HOMES

    $1,282,000

    AVERAGE PRICE OF 5 MULTI-MILLION DOLLAR HOMES

    $381,283

    AVERAGE PRICE OF 30 NEWLY BUILT HOMES

    $315,491

    AVERAGE PRICE OF 12 HOMES WITH A POOL

    $277,873

    AVERAGE PRICE OF 8 REDUCED PRICE HOMES

    Average Home

    Average Price $299,785
    Avg Bedrooms 2.91 beds
    Avg Bathrooms 1.65 baths

    Average Price by Bedrooms

    1 bedroom $120,800
    2 bedrooms $219,491
    3 bedrooms $273,712
    4 bedrooms $335,464
    5 bedrooms $390,971
    Portsmouth Home Price Trends
      2/2026 1/2026 12/2025 11/2025 10/2025
    Total Listings 494 485 533 555 540
    Average Price $290,427 $298,615 $306,997 $300,801 $293,670
    Avg Price Change -2.82% -2.81% +2.06% +2.43% -0.10%
    Median Price $276,507 $279,568 $280,857 $280,086 $275,838
    Med Price Change -1.11% -0.46% +0.28% +1.54% +0.15%
    Avg Bedrooms 2.89 beds 2.97 beds 2.99 beds 2.97 beds 2.94 beds
    Avg Bathrooms 1.63 baths 1.65 baths 1.68 baths 1.69 baths 1.67 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Manor High 175 $286,257 60 days
    Total Homes Average Price Avg Days on Site
    All Homes 494 $299,785 69 days
    Distressed Homes 44 $217,042 87 days
    Multi-Million Dollar Homes 5 $1,282,000 172 days
    Newly Built Homes 30 $381,283 93 days
    Homes with a Pool 12 $315,491 46 days
    Reduced Price Homes 8 $277,873 72 days
    2026 REIN, Inc. Information Deemed Reliable But Not Guaranteed. The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent. © 2026 REIN. REIN's listings data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW. REIN updates its listings on a daily basis. Data last updated: March 11, 2026. This application does not include information on all of the properties available for sale at this time.

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