Are home prices going up or down in Portsmouth, VA?
In Portsmouth, VA, the typical home sold for $290,000 during May 2026. That is 7% higher than the same stretch a year ago, so prices are up.
Over the last 36 months the typical sale price in Portsmouth, VA went from $254,000 to $290,000 — up 14%.
The high point was $294,000, reached in April 2026. Today's typical sale is 1% below that.
Measured by size, homes in Portsmouth, VA are selling for about $181 per square foot. Price per square foot is the fairer comparison when the mix of what sells shifts from month to month — a run of big houses can push the typical price up without anything actually getting more expensive.
Source: Redfin's published market data for the Portsmouth, VA area, through May 2026.
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More about the Portsmouth, VA market
- When is the best month to sell a house in Portsmouth, VA?
- How long does it take to sell a house in Portsmouth, VA?
- Do homes sell above asking price in Portsmouth, VA?
- Is Portsmouth, VA a buyer's market or a seller's market?
- Are sellers cutting prices in Portsmouth, VA?
- Is the housing market slowing down in Portsmouth, VA?
- What is the average home price in Portsmouth, VA?
- How many homes are for sale in Portsmouth, VA?
- All Portsmouth, VA housing numbers
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Figures come from Redfin's published market data for the Portsmouth, VA area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.