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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

    $290,819

    AVERAGE PRICE OF 559 HOMES

    $206,412

    AVERAGE PRICE OF 38 DISTRESSED HOMES

    $1,670,000

    AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

    $375,583

    AVERAGE PRICE OF 53 NEWLY BUILT HOMES

    $403,207

    AVERAGE PRICE OF 13 HOMES WITH A POOL

    $266,064

    AVERAGE PRICE OF 28 REDUCED PRICE HOMES

    Average Home

    Average Price $290,819
    Avg Bedrooms 2.93 beds
    Avg Bathrooms 1.61 baths

    Average Price by Bedrooms

    2 bedrooms $180,933
    3 bedrooms $266,637
    4 bedrooms $347,160
    5 bedrooms $407,385
    Portsmouth Home Price Trends
      4/2025 3/2025 2/2025 1/2025 12/2024
    Total Listings 505 505 516 490 505
    Average Price $290,104 $315,741 $310,570 $306,708 $307,176
    Avg Price Change -8.84% +1.67% +1.26% -0.15% -1.16%
    Median Price $269,889 $277,111 $271,786 $268,496 $271,158
    Med Price Change -2.68% +1.96% +1.23% -0.99% -1.22%
    Avg Bedrooms 2.99 beds 3.02 beds 3.02 beds 2.99 beds 2.94 beds
    Avg Bathrooms 1.64 baths 1.69 baths 1.68 baths 1.68 baths 1.67 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Manor High 192 $262,742 54 days
    Total Homes Average Price Avg Days on Site
    All Homes 559 $290,819 61 days
    Distressed Homes 38 $206,412 85 days
    Multi-Million Dollar Homes 3 $1,670,000 258 days
    Newly Built Homes 53 $375,583 104 days
    Homes with a Pool 13 $403,207 41 days
    Reduced Price Homes 28 $266,064 50 days