Unshakable ZIP Data 23701 | Portsmouth, VA Housing Market
Portsmouth · Portsmouth City · Virginia Beach-Norfolk-Newport News, VA-NC metro · Virginia · Data updated June 19, 2026
The median sale price in ZIP 23701, Portsmouth, Virginia is $279,917 at $197 per square foot. 141 single-family homes sold in the latest period, up 3.0 percent from a year earlier. Homes sit a median of 22 days on market with 1.7 months of supply. Sellers are getting 98.8 percent of list price and 37.2 percent of homes sold above asking.
Seller's market. No room for sloppy offers.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $264,965 | |
| Average price per sq ft | $186 | |
| Median sale price | $279,917 | |
| Median sale price per sq ft | $197 | |
| Median home size | 1,423 sq ft | |
| Median new listing price | $280,056 | +11.0% |
| National size rank | 4,994 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 141 | +3.0% |
| Median days on market | 22 days | |
| Months of supply | 1.7 months | |
| New listings | 159 | +18.9% |
| Active listings | 240 | +8.6% |
| Pending sales | 162 | +21.9% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 98.8% | -1.5 pts |
| Share sold above list | 37.2% | -2.2 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
2-bedroom
$206,430
3-bedroom
$262,610
4-bedroom
$324,562
These figures describe the single-family market for Portsmouth, Virginia ZIP 23701. They are market context, not a substitute for sold comps or a formal appraisal.