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
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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $98.7K | -10.2% |
2 Bedrooms | $180K | $190K | +5.6% |
3 Bedrooms | $252.1K | $259K | +2.7% |
4 Bedrooms | $303.5K | $312.7K | +3.0% |
5+ Bedrooms | $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 | $432.8K | $444.9K | +2.8% |
Portsmouth | $265K | $270.1K | +1.9% |
Norfolk | $320K | $320K | 0.0% |
Housing Supply in Portsmouth, VA
How many homes are available in Portsmouth, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
696 | 773 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 111 | 112 | +0.9% |
3 Bedrooms | 344 | 402 | +16.9% |
4 Bedrooms | 204 | 223 | +9.3% |
5+ Bedrooms | 30 | 30 | 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 2024 | May 2024 | CHANGE |
---|---|---|
65 Days | 67 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.