Market Intelligence · VA / Portsmouth

Portsmouth, VA 23703 Housing Market

Homes in Portsmouth 23703 have a typical value of $327,126, up 2.6% over the past year. The median list price stands at $335,000, with homes taking a median of 36 days to sell.

Updated August 2026Median value$325K

The median home value in Portsmouth, VA 23703 is $325K as of August 2026, up 3.2% 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 23703 range

$299K to $351K

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

+3.2% over 12 months

Typical home value in 23703 over the last 12 months: $315K in Aug 2025 to $325K in Aug 2026 (+3.2%).

Aug 2025$315K

Aug 2026$325K

The numbers

What is the 23703 housing market like?

Typical home value

$325K

Up3.2%YoY

Median list price

$335K

Up0.8%MoM

Days on market

36

Up9.1%MoM

Homes for sale

67

Down6.9%MoM

Price cuts

16.3%

Down42.9%MoM

New listings

44

Up15.8%MoM

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

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The comparison

How do 23703 home prices compare?

  • 23703$324,726
  • 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

There are 67 homes for sale in the ZIP as of August 2026, with 44 new listings added recently. The median days on market of 36 suggests a steady pace of sale activity. However, 16.3% of listings have taken a price cut, which signals some negotiating room for buyers even as values have edged upward. For sellers, the modest inventory and price-cut activity suggest this is a balanced market where pricing strategy matters.

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