Home ValuePros

Market Intelligence · VA / Portsmouth

Portsmouth, VA 23707 Housing Market

Homes in Portsmouth 23707 are valued at $257,514, up 1.1% over the past year. The median list price sits at $295,000, with homes typically spending 32 days on the market.

Updated August 2026Median value$257K

The median home value in Portsmouth, VA 23707 is $257K as of August 2026, up 1.5% 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 23707 range

$236K to $277K

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

+1.5% over 12 months

Typical home value in 23707 over the last 12 months: $253K in Aug 2025 to $257K in Aug 2026 (+1.5%).

Aug 2025$253K

Aug 2026$257K

The numbers

What is the 23707 housing market like?

Typical home value

$257K

Up1.5%YoY

Median list price

$295K

Up0.2%MoM

Days on market

32

Down11.1%MoM

Homes for sale

57

Up23.9%MoM

Price cuts

25.3%

Down31.2%MoM

New listings

32

Up14.3%MoM

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

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The comparison

How do 23707 home prices compare?

  • 23707$256,727
  • 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

The market here has 57 homes for sale as of August 1st, with 32 new listings recently added. Homes are moving at a moderate pace, spending about a month on the market. One notable signal is that 25.3% of current listings have had their asking prices reduced, suggesting sellers are adjusting to market conditions. Despite the uptick in typical home values, price cuts are relatively common, indicating that positioning and expectation-setting matter in this neighborhood.

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