Is Portsmouth, VA 23701 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Portsmouth is a seller’s market. With about 1.2 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.2Under 4 months = seller’s market

Sold above original list32.8%Share of sales, last 3 months

Median sale-to-list99.4%Sold price ÷ list price

Median days on market33Listing to accepted offer

Median price per sq ft$203▲ +5.1% vs. last year

Run the numbers for 23701

Prefilled for 23701Can I win this house?Multiple-offer likelihood for a listing Prefilled for 23701Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Portsmouth 23702Seller’s market $184 /sq ft Portsmouth 23703Seller’s market $200 /sq ft Portsmouth 23704Seller’s market $175 /sq ft Portsmouth 23707Seller’s market $178 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology