Market Intelligence · VA / Portsmouth

Portsmouth, VA 23703 Housing Market

Homes in Portsmouth 23703 have a typical value of $323,619, up 3.7% over the past year. The median list price stands at $331,975, with homes spending 33 days on market as of September 2026.

Updated September 2026Median value$324K

The median home value in Portsmouth, VA 23703 is $324K as of September 2026, up 3.7% 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.

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Typical 23703 range

$298K to $350K

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

+3.7% over 12 months

Sep 2025$312K

Low $312KHigh $324K

Sep 2026$324K

The numbers

What is the 23703 housing market like?

As of September 2026

Typical home value

$324K

3.7%YoY

Median list price

$332K

0.9%MoM

Days on market

8.3%MoM

Homes for sale

7.5%MoM

Price cuts

13.2%

19.2%MoM

New listings

31.8%MoM

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

The outlook

23703 housing market forecast 2027

+2.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23703 to rise 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in 23703 rose 3.7%, per the Zillow Home Value Index.

Will home prices drop in 23703?

Zillow's forecast does not call for a drop: it expects typical home values in 23703 to rise 2.0% by September 2027, after a 3.7% 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.

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The comparison

How do 23703 home prices compare?

23703$323,619
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's housing market is seeing steady activity. There are 62 homes for sale, with 30 new listings added in September 2026. The median list price of $331,975 sits slightly above the typical home value of $323,619. Homes are staying on the market for a median of 33 days, and 13.2% of listings have seen a price cut. For sellers, the modest price-cut share and moderate days-on-market suggest a balanced market where pricing strategy matters.

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Down payment20% · $64,724

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Common questions

What people ask us.

What is a typical home worth in Portsmouth 23703?

The typical home value in this ZIP is $323,619, which has increased 3.7% over the past year.

How many homes are currently for sale in 23703?

As of September 2026, there are 62 homes listed for sale, with 30 new listings added that month.

How long do homes typically stay on the market here?

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

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