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Portsmouth, VA 23704 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Portsmouth, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.25
ActiveActive listings: 3636PendingPending sales: 99
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): $277k$277kSoldMedian sold price (last 6 months): $245k$245k
What homes actually sell for in Portsmouth, VA
Distribution of 155 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $171k to $305k
$65k to $107k: 8 sales$65k$107k to $148k: 13 sales$148k to $190k: 17 sales$148k$190k to $232k: 23 sales$232k to $274k: 23 sales$232k$274k to $316k: 30 sales30sales$316k to $357k: 17 sales$316k$357k to $399k: 9 salesMedian $245k

What the numbers say

As of October 5, 2026, Resideline is tracking 36 active listings and 9 pending sales in ZIP code 23704. That pending-to-active ratio of 0.25 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $277,499, while the median of the 155 closed sales Resideline tracked over the last six months was $245,000. 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 71 days.

Frequently asked questions

What is the median home price in 23704?

The median closed sale price in Portsmouth, VA 23704 was $245,000 over the last six months, based on 155 closed sales tracked by Resideline. The middle half of those sales ranged from $171,000 to $305,000.

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

Resideline is currently tracking 9 pending sales against 36 active listings in 23704, a pending-to-active ratio of 0.25. 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 balanced market.

Nearby ZIP code market data

Full Portsmouth, VA housing market report →

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