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Market Intelligence · VA / Portsmouth

Portsmouth, VA 23704 Housing Market

The typical home value in Portsmouth, VA 23704 stands at $237,987, up 0.3% over the past year. Homes are listing at a median of $282,500, and properties stay on the market around 42 days.

Updated September 2026Median value$238K

The median home value in Portsmouth, VA 23704 is $238K as of September 2026, up 0.3% 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 23704 range

$219K to $257K

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

+0.3% over 12 months

Typical home value in 23704 over the last 12 months: $237K in Sep 2025 to $238K in Sep 2026 (+0.3%).

Sep 2025$237K

Sep 2026$238K

The numbers

What is the 23704 housing market like?

Typical home value

$238K

Up0.3%YoY

Median list price

$283K

Up2.7%MoM

Days on market

42

Flat0.0%MoM

Homes for sale

73

Up4.3%MoM

Price cuts

17.8%

Down31.9%MoM

New listings

42

Up16.7%MoM

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

The outlook

23704 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23704 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 23704 rose 0.3%, per the Zillow Home Value Index.

Will home prices drop in 23704?

Zillow's forecast does not call for a drop: it expects typical home values in 23704 to rise 1.8% by September 2027, after a 0.3% 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 23704 home prices compare?

  • 23704$237,987
  • 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 inventory shows 73 homes for sale as of September 2026, with 42 new listings entering the market. The median list price of $282,500 sits well above the typical home value of $237,987, suggesting a mix of property types and conditions across the area. At 42 median days on market, homes are taking a moderate amount of time to sell. About 17.8% of listings have seen a price cut, which is fairly common in this competitive environment. Sellers should understand that while appreciation has been modest, the gap between listing and typical values indicates realistic pricing will matter.

Monthly payment

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20% · $47,597

Common questions

What people ask us.

What is the typical home value in 23704?

The typical home value in Portsmouth is $237,987, having increased 0.3% over the past year.

How long do homes stay on the market in 23704?

The median days on market is 42 as of September 2026.

How many homes are currently for sale in 23704?

There are 73 homes for sale, with 42 new listings added in September 2026.

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