Portsmouth, VA Housing Market 2026: What Homes Actually Sell For

If you invest in or around Portsmouth, the number that matters is what homes actually close for, not what sellers are asking. Here is what Portsmouth sale prices look like right now, built from the closings Resideline tracked over the last six months, as of August 2026.

The snapshot

• •Closings tracked, last 6 months: 808
• •Median sold price, last 6 months: $265,000
• •Median sold $/sqft, last 6 months: $182
• •Middle half of sales closed between: $199,000 and $330,000

What the numbers say

Resideline tracked 808 closed sales in Portsmouth over the last six months, with a median closing price of $265,000. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $199,000 and $330,000. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. 89% of the Portsmouth closings we track here are single-family houses, so these figures primarily reflect that segment, and the citywide $/sqft figure primarily reflects that segment as well. Across the 807 closings with usable living area, the middle half sold between $146 and $211 per square foot.

Figures last updated August 22, 2026 from closings Resideline tracked.

Median home price in Portsmouth, VA (August 2026)

The median home price in Portsmouth is $265,000, measured across the 808 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $199,000 and $330,000.

Where Portsmouth sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in Portsmouth over the last six months, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $199,000 and $330,000. Where your target property sits inside that spread matters more than the citywide median.

How long a sale takes here

• •Listed to under contract: a median of 16 days, across 246 Portsmouth closings Resideline tracked in the last six months
• •Contract to closing: a median of 22 days, across 320 Portsmouth closings Resideline tracked in the last six months

The Portsmouth angle

Portsmouth prices out from a median that is doing honest work: the quartile spread is close to typical for the markets Resideline tracks, wide enough to demand comps but narrow enough that the citywide midpoint is not meaningless. Across 808 closings Resideline tracked over the last six months, the median closed sale price was $265,000, and the middle half of sales closed between $199,000 and $330,000. In practice that means a subject you rate below typical deserves a careful comp search rather than a quick haircut taken off the citywide figure.

From market read to offer price

A market read is the backdrop. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. As of August 2026, the public scoreboard showed 3.26% median error across 12,516+ graded closings. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any Portsmouth address through Resideline and you will see the local market and the property's value together, in one report.

Cite this

Using these numbers? Please cite the source and the sample size:

Source: Resideline Market Watch
Market: Portsmouth, VA
Data updated: August 2026
Analysis period: last six months
Tracked closings: 808
Median sold price: $265,000
Median sold $/sqft: $182 (807 qualifying)
Property mix: 89% houses
https://resideline.com/blog/portsmouth-va-housing-market

The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.

Every local market figure on this page is computed from closed sales Resideline tracked in Portsmouth over the last six months, and is refreshed when the data is. The closings we track inside the city limits are not limited to listing-service sales: they also include foreclosure deeds, estate and family transfers, and other off-market sales that portal medians exclude, which is why 20% of the 808 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $280,250.