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Auctions in Portsmouth, VA

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Portsmouth, VA Foreclosures

How much do homes sell for in Portsmouth, VA?
The average home price is currently $307,652.
In Portsmouth, VA, how many homes are available?
There are currently 315 active home listings available in Portsmouth.
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 $162,730,256.
What is currently the cheapest priced home in Portsmouth, VA?
The cheapest home for sale in Portsmouth is priced at $11,008.

Living in Portsmouth, VA

Portsmouth, VA is a historic waterfront city with a rich cultural heritage and strong community spirit. It offers diverse amenities, an array of outdoor activities, and excellent transportation options. Families and individuals alike find Portsmouth inviting due to its vibrant lifestyle and accessibility to the surrounding regions.

Current Market Conditions in Portsmouth, VA

The real estate market in Portsmouth has shown resilience and steady growth over the past few years. Affordability continues to attract buyers from nearby cities, particularly Norfolk and Virginia Beach. Homes in Portsmouth are valued competitively compared to these adjacent markets, which drives a diverse range of buyers and investors seeking opportunities in this historic city.

Inventory levels have fluctuated, but there is a growing trend towards new developments, particularly in waterfront locations. The demand remains high for both single-family homes and multi-family units, indicating a positive market outlook.

Home Value Estimator For Portsmouth, VA

There are currently 33,905 real estate properties in Portsmouth, VA, with a median automated valuation model (AVM) price of $254,742.00. 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 $307,652.00, with the most expensive house in Portsmouth, VA, topping out at $162,730,256.00 and the cheapest home in Portsmouth, VA, clocking in at $11,008.00. 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 Auctions

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