Market Intelligence · VA / Portsmouth

Portsmouth, VA 23702 Housing Market

The typical home in Portsmouth 23702 is worth $226,504, up 0.5% over the past year. Homes listed here are priced at a median of $251,875 and spend a median of 31 days on the market.

Updated September 2026Median value$227K

The median home value in Portsmouth, VA 23702 is $227K as of September 2026, up 0.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

Sell without the wait

Sell your Portsmouth home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 23702 range

$208K to $245K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 23702 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Portsmouth, VA.

12-month value trend

+0.5% over 12 months

Sep 2025$225K

Low $225KHigh $228K

Sep 2026$227K

The numbers

What is the 23702 housing market like?

As of September 2026

Typical home value

$227K

0.5%YoY

Median list price

$252K

4.0%MoM

Days on market

31.1%MoM

Homes for sale

20.0%MoM

Price cuts

26.7%

33.6%MoM

New listings

20.0%MoM

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

The outlook

23702 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23702 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 23702 rose 0.5%, per the Zillow Home Value Index.

Will home prices drop in 23702?

Zillow's forecast does not call for a drop: it expects typical home values in 23702 to rise 1.9% by September 2027, after a 0.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

Free home value report

See what your 23702 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 23702 home prices compare?

23702$226,504
Portsmouth$253,815
Virginia$328,255
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Portsmouth: 5 ZIPs; Virginia: 757 ZIPs; United States: 26,262 ZIPs).

Context

Portsmouth 23702 has 42 homes for sale as of September 2026, with 24 new listings added to the market. The median list price of $251,875 sits notably above the typical home value of $226,504, suggesting some sellers are testing higher prices. Homes are staying on the market for a median of 31 days, and notably, 26.7% of listings have already taken a price cut. For sellers, the modest appreciation of 0.5% over the past year combined with the prevalence of price reductions signals a market where pricing strategy matters.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $45,301

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in Portsmouth 23702?

The typical home value is $226,504, up 0.5% over the past year as of September 2026.

How many homes are for sale in this ZIP?

As of September 2026, there are 42 homes for sale, with 24 new listings on the market.

How long do homes stay on the market here?

The median days on market is 31 as of September 2026.

Discover

Nearby ZIP markets.

Keep reading