Market Intelligence · VA / Portsmouth

Portsmouth, VA 23704 Housing Market

The typical home value in Portsmouth's 23704 ZIP is $241,529, down 1.6% over the past year. The median list price stands at $275,000, with homes taking a median of 42 days to sell.

Updated August 2026Median value$240K

The median home value in Portsmouth, VA 23704 is $240K as of August 2026, down 0.7% 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 23704 range

$221K to $259K

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

-0.7% over 12 months

Typical home value in 23704 over the last 12 months: $242K in Aug 2025 to $240K in Aug 2026 (-0.7%).

Aug 2025$242K

Aug 2026$240K

The numbers

What is the 23704 housing market like?

Typical home value

$240K

Down0.7%YoY

Median list price

$275K

Flat0.0%MoM

Days on market

42

Down4.5%MoM

Homes for sale

70

Down1.4%MoM

Price cuts

26.1%

Down12.3%MoM

New listings

36

Up5.9%MoM

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

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The comparison

How do 23704 home prices compare?

  • 23704$239,988
  • 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 70 homes for sale in this ZIP as of August 2026, with 36 new listings added recently. The median days on market of 42 suggests a moderate pace of sales activity. About 26.1% of listings have seen price reductions, indicating sellers are adjusting to current conditions. For homeowners considering a sale, the recent decline in typical home value combined with the prevalence of price cuts signals a buyer-leaning market where pricing strategy matters.

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