How much do homes in Portsmouth, VA cost?

Median List Price

$234,925

$154/sqft

Based on all homes listed in April 2022.

Difference Since Last Month

+$4,795(+2.1%)

Key Takeaway

The list price of homes in Portsmouth has increased by 2.1% since March.

Median List Price By Bedroom Count

# BEDSMar 2022Apr 2022%
1 $76K$52K
-31.6%
2 $140K$139.9K
-0.1%
3 $221.2K$224.9K
+1.6%
4 $285K$289K
+1.4%
5+ $329.9K$350K
+6.1%

Median List Price Compared To Nearby Cities

Chesapeake
+5.1%
Norfolk
+3.4%
Portsmouth
+2.1%
Suffolk
0.0%

How many homes are available in Portsmouth, VA?

Number of Homes For Sale

Mar 2022Apr 2022%
647668+3.2%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 21
-50.0%
2 8190
+11.1%
3 348365
+4.9%
4 185181
-2.2%
5+ 3131
0.0%

Average Listing Age

Mar 2022Apr 2022%
65 Days58 Days-10.8%

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

About Portsmouth, VA

Number of homes for sale in Portsmouth, VA real estate market have reached 668. The number of listings in Portsmouth, VA increased by 3.2% between March 2022 and April 2022. Listings spent 58 days on the market in April 2022, and had a median list price of $234,925 during the same period. Listing prices have changed in this real estate market between April 2021 and April 2022: prices of 1 bedroom properties went down by 31.6%, prices of 2 bedrooms properties went down by 0.1%, prices of 3 bedrooms properties went up by 1.6%, prices of 4 bedrooms properties increased by 1.4%, 5 bedrooms properties became 6.1% more expensive. This housing market inventory have changed: 1 bedroom homes became 50% less available, 2 bedrooms homes inventory increased by 11.1%, the quantity of 3 bedrooms homes went up by 4.9%, volume of 4 bedrooms homes went down by 2.2%, the quantity of 5 bedrooms homes have not changed.

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