Market Intelligence · VA / Portsmouth

Portsmouth, VA 23707 Housing Market

The typical home value in Portsmouth's 23707 ZIP is $253,815, up 1.9% over the past year. The median list price sits at $295,000, with homes spending a median of 35 days on the market as of September 2026.

Updated September 2026Median value$254K

The median home value in Portsmouth, VA 23707 is $254K as of September 2026, up 1.9% 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 23707 range

$234K to $274K

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

+1.9% over 12 months

Sep 2025$249K

Low $249KHigh $254K

Sep 2026$254K

The numbers

What is the 23707 housing market like?

As of September 2026

Typical home value

$254K

1.9%YoY

Median list price

$295K

0.0%MoM

Days on market

9.4%MoM

Homes for sale

1.8%MoM

Price cuts

25.0%

1.0%MoM

New listings

31.2%MoM

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

The outlook

23707 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23707 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 23707 rose 1.9%, per the Zillow Home Value Index.

Will home prices drop in 23707?

Zillow's forecast does not call for a drop: it expects typical home values in 23707 to rise 1.9% by September 2027, after a 1.9% 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 23707 home prices compare?

23707$253,815
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 23707 has 58 homes for sale, with 22 new listings arriving in September 2026. The median time homes spend listed is 35 days. A quarter of all listings have already seen a price cut, suggesting some sellers are adjusting expectations. Despite the year-over-year appreciation, the market shows signs of caution as inventory moves more slowly and price reductions become common.

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Common questions

What people ask us.

What is the typical home value in 23707?

The typical home value is $253,815, up 1.9% over the past year as of September 2026.

How long do homes take to sell in Portsmouth 23707?

The median days on market is 35 as of September 2026.

What share of homes have had price cuts?

25.0% of listings in 23707 have had a price cut as of September 2026.

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