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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

    $295,703

    AVERAGE PRICE OF 569 HOMES

    $236,228

    AVERAGE PRICE OF 27 DISTRESSED HOMES

    $2,299,000

    AVERAGE PRICE OF 6 MULTI-MILLION DOLLAR HOMES

    $348,431

    AVERAGE PRICE OF 51 NEWLY BUILT HOMES

    $331,468

    AVERAGE PRICE OF 18 HOMES WITH A POOL

    $290,818

    AVERAGE PRICE OF 33 REDUCED PRICE HOMES

    Average Home

    Average Price $295,703
    Avg Bedrooms 2.88 beds
    Avg Bathrooms 1.64 baths

    Average Price by Bedrooms

    1 bedroom $178,616
    2 bedrooms $195,593
    3 bedrooms $262,986
    4 bedrooms $319,731
    5 bedrooms $403,819
    Portsmouth Home Price Trends
      9/2024 8/2024 7/2024 6/2024 5/2024
    Total Listings 567 555 555 547 514
    Average Price $296,337 $287,438 $290,097 $295,773 $296,743
    Avg Price Change +3.10% -0.93% -1.96% -0.33% +3.11%
    Median Price $267,488 $269,274 $271,753 $274,763 $274,451
    Med Price Change -0.67% -0.92% -1.11% +0.11% +1.63%
    Avg Bedrooms 2.86 beds 2.86 beds 2.88 beds 2.92 beds 2.96 beds
    Avg Bathrooms 1.65 baths 1.65 baths 1.68 baths 1.73 baths 1.74 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Manor High 203 $251,937 63 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 569 $295,703 62 days
    Distressed Homes 27 $236,228 112 days
    Multi-Million Dollar Homes 6 $2,299,000 203 days
    Newly Built Homes 51 $348,431 78 days
    Homes with a Pool 18 $331,468 58 days
    Reduced Price Homes 33 $290,818 53 days