Housing Prices in Portsmouth, VA
How much do homes in Portsmouth, VA cost?
Median List Price
$274,940
$175/sqft
Based on all homes listed in June 2024.
Difference Since Last Month
Summary: The median home list price in Portsmouth was $274,940 in June 2024, up 1.8% from the previous month, and the median price per square foot was $175.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $98.7K | $159K | +61.0% |
2 Bedrooms | $190K | $204.9K | +7.8% |
3 Bedrooms | $255.7K | $259.9K | +1.6% |
4 Bedrooms | $315K | $319.9K | +1.6% |
5+ Bedrooms | $385K | $419K | +8.8% |
Summary: Portsmouth housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes increased by 61%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 8.8%.
Median List Price Compared To Nearby Cities
Portsmouth | $270K | $274.9K | +1.8% |
Chesapeake | $443.6K | $447K | +0.8% |
Norfolk | $320K | $319.9K | 0% |
Suffolk | $429.9K | $429.8K | 0% |
Housing Supply in Portsmouth, VA
How many homes are available in Portsmouth, VA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
733 | 778 | +6.1% |
Summary: The Portsmouth real estate market had 778 homes for sale in June 2024, a 6.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 109 | 109 | 0.0% |
3 Bedrooms | 380 | 405 | +6.6% |
4 Bedrooms | 209 | 227 | +8.6% |
5+ Bedrooms | 29 | 32 | +10.3% |
Summary: The Portsmouth housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 10.3%.
Days on Market for Portsmouth, VA
How long does it take to sell a home in Portsmouth, VA?
Average Listing Age
May 2024 | Jun 2024 | CHANGE |
---|---|---|
64 Days | 70 Days | +9.0% |
Summary: Homes in Portsmouth had an average listing age of 70 days in Jun 2024, up by 9% compared to the previous month.