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Portsmouth, VA 23704 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Portsmouth, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.39
ActiveActive listings: 3333PendingPending sales: 1313
Portsmouth, VA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $235k$235kSoldMedian sold price (last 6 months): $240k$240k
What homes actually sell for in Portsmouth, VA
Distribution of 162 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $169k to $300k
$70k to $111k: 13 sales$70k$111k to $152k: 11 sales$152k to $193k: 16 sales$152k$193k to $234k: 22 sales$234k to $275k: 31 sales31sales$234k$275k to $316k: 29 sales$316k to $357k: 15 sales$316k$357k to $398k: 8 salesMedian $240k

What the numbers say

As of September 14, 2026, Resideline is tracking 33 active listings and 13 pending sales in ZIP code 23704. That pending-to-active ratio of 0.39 points to a competitive market: a meaningful share of the inventory is already under contract.

The median asking price of current listings is $234,900, while the median of the 162 closed sales Resideline tracked over the last six months was $240,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 23704 for 64 days.

Frequently asked questions

What is the median home price in 23704?

The median closed sale price in Portsmouth, VA 23704 was $240,000 over the last six months, based on 162 closed sales tracked by Resideline. The middle half of those sales ranged from $169,000 to $300,000.

Is 23704 a buyer's or seller's market?

Resideline is currently tracking 13 pending sales against 33 active listings in 23704, a pending-to-active ratio of 0.39. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 23704 currently looks like a competitive market.

Nearby ZIP code market data

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