Housing Prices in Portsmouth, VA

How much do homes in Portsmouth, VA cost?

Median List Price

$274,693

$178/sqft

Based on all homes listed in November 2024.

Difference Since Last Month

+$2,914(+1.1%)

Key Takeaway

The list price of homes in Portsmouth has increased by 1.1% since October.

Summary: The median home list price in Portsmouth was $274,693 in November 2024, up 1.1% from the previous month, and the median price per square foot was $178.

Median List Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $150K$155K
+3.3%
2 $199.6K$201K
+0.7%
3 $260K$259.4K
-0.2%
4 $312.5K$319.9K
+2.4%
5+ $394.4K$399.9K
+1.4%

Summary: Portsmouth housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 0.7%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 1.4%.

Median List Price Compared To Nearby Cities

Portsmouth
+1.1%
Norfolk
0.1%
Chesapeake
-0.9%

Housing Supply in Portsmouth, VA

How many homes are available in Portsmouth, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
798811+1.6%

Summary: The Portsmouth real estate market had 811 homes for sale in November 2024, a 1.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 112105
-6.3%
3 431436
+1.2%
4 202207
+2.5%
5+ 5059
+18.0%

Summary: The Portsmouth housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 18%.

Days on Market for Portsmouth, VA

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

Average Listing Age

Oct 2024Nov 2024CHANGE
73 Days83 Days+13.5%

Summary: Homes in Portsmouth had an average listing age of 83 days in Nov 2024, up by 13.5% compared to the previous month.

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

Report Updated 17 Days Ago

Newest Listings in Portsmouth, VA

Nearby Markets to Portsmouth, VA

What housing markets are near Portsmouth, VA?