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Market Intelligence · VA / Portsmouth city

Portsmouth, VA home prices and housing market

5 ZIP markets liveData updated September 2026Typical value$254K1-yr changeUp1.9%

The typical home value in Portsmouth, VA is $254K as of September 2026, up 1.9% from a year ago, based on the Zillow Home Value Index. In the typical Portsmouth ZIP code, the median list price is $290K and homes spend a median of 33 days on market as of September 2026 (Realtor.com).

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The coverage

Portsmouth, by the numbers.

Typical home valueZillow ZHVI, September 2026
$254K
1-yr changeMedian across Portsmouth ZIPs
+1.9%
ZIP markets live8 tracked in Portsmouth
5
County
Portsmouth city

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12-month value trend

+1.9% over 12 months

Typical home value in Portsmouth over the last 12 months: $249K in Sep 2025 to $254K in Sep 2026 (+1.9%).

Sep 2025$249K

Sep 2026$254K

Median Zillow home value index across Portsmouth's ZIP codes.

Context

Portsmouth's housing market shows steady growth. The typical home value stands at $253,815, up 1.9% over the past year as of September 2026. The market has 291 homes for sale, with 164 new listings added recently. Homes are spending a median of 33 days on market, and the median list price is $289,700. About 18.6% of listings have seen a price cut. For homeowners considering a sale, Portsmouth remains a relatively active market, though inventory is moderate and not every listing moves quickly.

The numbers

What is the housing market like in Portsmouth, VA?

Typical home value

$254K

Up1.9%YoY

Median list price

$290K

Days on market

33

Homes for sale

291

Price cuts

18.6%

New listings

164

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Portsmouth's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Portsmouth, VA home prices over time

Typical home values in Portsmouth, VA are up 1.9% over the past year, from $249K in September 2025 to $254K in September 2026.

Typical home value in Portsmouth, VA, September of each year
MonthTypical value1-yr change
September 2026$253,815+1.9%
September 2025$249,146No prior year

Typical value is the median Zillow Home Value Index across Portsmouth ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Portsmouth, VA a buyer's or seller's market?

Portsmouth, VA is roughly balanced between buyers and sellers.

These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction.

Based on a median of 33 days on market and 19% of listings with a price cut in the typical Portsmouth ZIP code, and 164 new listings against 291 active listings across Portsmouth, as of September 2026 (Realtor.com).

The outlook

Portsmouth housing market forecast 2027

+1.9%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 5 Portsmouth ZIP codes, points to typical home values rising 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in Portsmouth rose 1.9%, per the Zillow Home Value Index.

Will home prices drop in Portsmouth?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Portsmouth shows typical home values rising 1.9% by September 2027, after a 1.9% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 5 Portsmouth ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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The markets

Which Portsmouth ZIP codes have the highest home values?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 8 Portsmouth ZIP codes in total; the remaining 3 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Portsmouth, VA home prices.

What is the typical home value in Portsmouth?

The typical home value in Portsmouth is $253,815, up 1.9% over the past year as of September 2026.

How long do homes typically stay on the market in Portsmouth?

The median days on market in Portsmouth is 33 days as of September 2026.

How many homes are currently for sale in Portsmouth?

As of September 2026, there are 291 homes for sale in Portsmouth, with 164 new listings added recently.

Are home prices going up or down in Portsmouth, VA?

Typical home values in Portsmouth, VA are up 1.9% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Portsmouth, VA a buyer's or seller's market?

Portsmouth, VA is roughly balanced between buyers and sellers. These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction. Based on a median of 33 days on market and 19% of listings with a price cut in the typical Portsmouth ZIP code, and 164 new listings against 291 active listings across Portsmouth, as of September 2026 (Realtor.com).

Nearby markets

More Virginia housing markets.

The market is moving

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