The Downtown Portsmouth housing market is not very competitive. The median sale price of a home in Downtown Portsmouth was $189K last month, up 170.0% since last year. The median sale price per square foot in Downtown Portsmouth is $168, down 18.0% since last year.
What is the housing market like in Downtown Portsmouth today?
In March 2024, Downtown Portsmouth home prices were up 170.0% compared to last year, selling for a median price of $189K. On average, homes in Downtown Portsmouth sell after 63 days on the market compared to 69 days last year. There were 3 homes sold in March this year, down from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$189,000
+170.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Portsmouth, VA
$189,000
+170.0%
United States
To compare other locations to the Downtown Portsmouth and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Portsmouth add value to a home.
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How hot is the Downtown Portsmouth housing market?
Downtown Portsmouth is not very competitive. Homes sell in 53.5 days.
0
100
24
Not Very 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 12 months
Multiple offers are rare.
The average homes sell for about 2% below list price and go pending in around 54 days.
Hot homes
can sell for around list price and go pending in around 27 days.
Learn about schools in the Downtown Portsmouth area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
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 Downtown Portsmouth housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Portsmouth.
Risk Factor
Flood Factor - Extreme
99% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Portsmouth has an extreme risk of flooding. 513 properties in Downtown Portsmouth are likely to be
severely affected
by flooding over the next 30 years. This represents 99% of all properties in Downtown Portsmouth. Flood risk is increasing slower than the national average.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Portsmouth has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Portsmouth is most at risk from hurricanes. 654 properties in Downtown 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 133 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 151 mph.
100% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Downtown Portsmouth has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Downtown Portsmouth have an Extreme Heat Factor®.
Downtown Portsmouth is expected to see a 142% increase in the number of days over 106ºF over the next 30 years. Downtown Portsmouth is expected to experience 8