Is Portsmouth, VA a buyer's market or a seller's market?
Portsmouth, VA is a seller's market right now. There are 292 homes for sale, and at the current pace of sales it would take about 1.8 months to sell all of them.
The rule of thumb agents use: under three months of homes for sale favors sellers, over five months favors buyers, and in between is a fair fight. Portsmouth, VA sits at 1.8.
There are more buyers than homes for sale. Sellers have the edge. The typical home took 33 days to go under contract, and 41% of sales closed above the asking price.
The number of homes for sale is 23% lower than a year ago. Less to choose from tends to push prices up and shorten the time to sell.
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?
- Are home prices going up or down in Portsmouth, VA?
- 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.