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Fixer Upper Homes in Portsmouth, VA

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Portsmouth, VA Foreclosures

Current Market Conditions in in Portsmouth, VA As of February 2026?
Over the past month, Portsmouth's real estate market has demonstrated a continued surge in activity with increased home showings and buyer interest. The average days on the market have decreased, indicating a robust demand despite seasonal fluctuations. More homes are being listed, but inventory levels still call for a balanced approach to buying or selling, ensuring fair pricing for all involved. Additionally, new developments are beginning to surface, offering prospective buyers more options.
How much do homes sell for in Portsmouth, VA?
The average home price is currently $305,253.
In Portsmouth, VA, how many homes are available?
There are currently 3 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 $162,677,976.
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 city with a deep historical background set along the Elizabeth River, providing residents with beautiful waterfront views and a welcoming community atmosphere. The city combines urban living with suburban comforts, featuring parks, recreational spots, and a selection of dining options. Portsmouth is also recognized for its thriving arts scene and local events that bring the community together.

Buyer vs Seller Market in Portsmouth, VA

The real estate market in Portsmouth remains active, with a steady flow of sales and an observable increase in demand over the months. Factors such as the city's historic appeal and affordable prices have attracted both newcomers and investors, contributing to a competitive housing environment.

Current trends indicate an upward trajectory in home values, as increasing interest from buyers is resulting in quicker sales and homes often selling for above asking price. This is particularly evident in neighborhoods that offer proximity to the waterfront and local amenities.

Home Value Estimator For Portsmouth, VA

There are currently 34,167 real estate properties in Portsmouth, VA, with a median automated valuation model (AVM) price of $255,032.00. 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 $305,253.00, with the most expensive house in Portsmouth, VA, topping out at $162,677,976.00 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 Fixer Upper Homes

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