The Portsmouth housing market is somewhat competitive. Homes in Portsmouth receive 2 offers on average and sell in around 42 days. The median sale price of a home in Portsmouth was $275K last month, up 7.8% since last year. The median sale price per square foot in Portsmouth is $172, up 3.3% since last year.
What is the housing market like in Portsmouth today?
In December 2024, Portsmouth home prices were up 7.8% compared to last year, selling for a median price of $275K. On average, homes in Portsmouth sell after 42 days on the market compared to 40 days last year. There were 117 homes sold in December this year, down from 128 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$275,000
+7.8% YoY | Dec 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Dec 2024
Growth
% YoY
Portsmouth, VA
$275,000
+7.8%
United States
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How hot is the Portsmouth housing market?
Portsmouth is somewhat competitive. Homes sell in 39 days.
0
100
67
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 39 days.
Hot homes
can sell for about 2% above list price and go pending in around 16 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Portsmouth housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Portsmouth.
Flood Factor - Moderate
75% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Portsmouth has a moderate risk of flooding. 9,552 properties in Portsmouth are likely to be
severely affected
by flooding over the next 30 years. This represents 75% of all properties in Portsmouth. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Portsmouth has a moderate risk of wildfire. There are 309 properties in Portsmouth that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Portsmouth.
99% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Portsmouth has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Portsmouth is most at risk from hurricanes. 36,450 properties in Portsmouth have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 142 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 163 mph.