Market Intelligence · VA / Portsmouth

Portsmouth, VA 23702 Housing Market

Typical home values in Portsmouth, VA 23702 stand at $229,750, down 0.2% over the past year. The median list price is $262,500, with homes spending 45 days on the market.

Updated August 2026Median value$228K

The median home value in Portsmouth, VA 23702 is $228K as of August 2026, up 0.2% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 23702 range

$210K to $246K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.2% over 12 months

Typical home value in 23702 over the last 12 months: $228K in Aug 2025 to $228K in Aug 2026 (+0.2%).

Aug 2025$228K

Aug 2026$228K

The numbers

What is the 23702 housing market like?

Typical home value

$228K

Up0.2%YoY

Median list price

$263K

Up1.0%MoM

Days on market

45

Up32.4%MoM

Homes for sale

35

Up6.1%MoM

Price cuts

20.0%

Up15.0%MoM

New listings

20

Up11.1%MoM

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

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The comparison

How do 23702 home prices compare?

  • 23702$228,153
  • Portsmouth$256,727
  • Virginia$330,987
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Portsmouth: 5 ZIPs; Virginia: 757 ZIPs; United States: 26,265 ZIPs).

Context

Portsmouth's inventory is modest, with 35 homes for sale and 20 new listings as of August 2026. The median asking price of $262,500 sits notably above the typical home value of $229,750. Homes are taking 45 days to sell on average, a sign of a slower market. One-fifth of listings have seen price cuts, suggesting sellers are adjusting to buyer resistance. If you're considering selling, expect a competitive environment where pricing strategy matters.

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20% · $45,631

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