foreclosure.com

Foreclosure Homes in Portsmouth, VA 23708

Search within map
Price
Listing Type Up arrow
Property Type Up arrow

Try a different search or click on nearby areas below.

Nearby Areas

Nearby Zip Codes

 

Portsmouth, VA Foreclosures

Current Market Conditions in in Portsmouth, VA As of March 2026?
Over the past month, Portsmouth's real estate market has shown signs of stabilization, with new listings hitting the market and some price adjustments helping to attract buyers. Interest rates remain a factor, but many potential buyers seem undeterred, taking advantage of favorable financing options. Homes that are priced competitively are still seeing multiple offers, while those priced higher may linger longer on the market.
How much do homes sell for in Portsmouth, VA?
The average home price is currently $305,276.
What’s the average rental cost in Portsmouth, VA?
The average rental price in Portsmouth is $1,376.
What is the most expensive home in Portsmouth?
The most expensive home sold in Portsmouth had a price of $161,404,616.
What is currently the cheapest priced home in Portsmouth, VA?
The cheapest home for sale in Portsmouth is priced at $10,929.

Living in Portsmouth, VA

Portsmouth, VA is a vibrant city with a rich history, offering a unique blend of urban and suburban living. The waterfront location provides excellent amenities and recreational opportunities, making it an attractive place for families and young professionals alike. Residents benefit from a community-oriented atmosphere, good schools, and convenient transportation options.

Buyer vs Seller Market in Portsmouth, VA

The real estate market in Portsmouth is experiencing steady growth, with rising home prices and a competitive buyer landscape. Inventory levels have improved slightly in recent months, but demand continues to outpace supply, causing prices to remain elevated. Single-family homes and townhouses are particularly popular, and buyers should be prepared to act quickly when they find a property they like.

The city has seen a significant influx of new residents drawn by the appeal of affordable housing compared to nearby Norfolk and Virginia Beach. This trend is expected to continue, fueling home value appreciation as more people seek to make Portsmouth their home.

Home Value Estimator For Portsmouth, VA

There are currently 34,170 real estate properties in Portsmouth, VA, with a median automated valuation model (AVM) price of $253,801.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Portsmouth, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Portsmouth, VA, is $305,276.00, with the most expensive house in Portsmouth, VA, topping out at $161,404,616.00 and the cheapest home in Portsmouth, VA, clocking in at $10,929.00. In other words, there’s something for every potential homebuyer or savvy investor in Portsmouth, VA!

Rent Prices In Portsmouth, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Portsmouth, VA, is on a rollercoaster ride. The average rent price in Portsmouth, VA, is $1,376.00. Indeed, when looking to rent in Portsmouth, VA, you can expect to pay as little as $690.00 or as much as $4,620.00, with the average rent median estimated to be $1,340.00. The good news is that finding an affordable and desirable property to rent in Portsmouth, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Portsmouth, VA 23708 Foreclosures

Market Trend for Portsmouth, VA

Total Listings Available: 0

Market Values:

Home Prices from $10,929 to $161,404,616

Average Sales Price: $305,276

Rental Values:

Rental from $690 to $4,620

Average Rent Value: $1,376 / month

Nearby Areas

Nearby Zip Codes

Get NEW Foreclosure Listings sent to your inbox

Millions of people receive foreclosure alerts daily, don't miss out.

No Thanks | Remind Me Later
Equal Housing Opportunity
Privacy Policy   |   Terms and Conditions of Service   |   © Foreclosure.com / ForeclosureFreeSearch.com 1999-2026. All Rights Reserved.