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Norport Homes

PORTSMOUTH, VA 23702

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 23702

Norport Homes

Market Analysis

Data as of February 2026. Source: Realtor.com.

The PORTSMOUTH, VA real estate market (23702) currently shows 35 active listings. Homes are averaging 55 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 55 days on market compared to 46 days last year.

The median listing price has fallen 8% year-over-year, from $243,200 to $223,724.

Whether you are buying or selling in PORTSMOUTH, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 12,107  ·  Density: 1,949.1/mi²  ·  Median household income: $45,772

Typical home value: $175,295  ·  Homeownership: 46.8%

Market Overview

Active Listings
35
vs 35 last year
Pending
0
0% pending ratio
Median Price
$223,724
⇩ 8% vs $243,200 last year
Average Price
$233,833
⇩ 1.8% vs $238,184 last year
Days on Market
55
⇧ 19.6% vs 46 days last year

Price Per Square Foot

Median $/sqft
$187
⇩ 1.6% vs $190/sqft last year
Median Home Size
1,264 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 55 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $223,724 (-8% YoY)
  • Average: $233,833 (-1.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 10.6 miles — 679 listings ($260,375,697 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23702Portsmouth, VA 237020.0 mi35$8,948,415$245,000$255,669
23701Portsmouth, VA 237012.5 mi61$16,629,027$265,000$272,607
23324Chesapeake, VA 233242.9 mi55$16,439,995$290,000$298,909
23510Norfolk, VA 235103.9 mi40$16,822,480$327,250$420,562
23325Chesapeake, VA 233254.9 mi18$5,699,880$299,999$316,660
23504Norfolk, VA 235045.0 mi50$15,550,500$287,250$311,010
23508Norfolk, VA 235085.7 mi43$16,661,683$364,900$387,481
23509Norfolk, VA 235096.5 mi28$9,176,608$281,450$327,736
23323Chesapeake, VA 233237.2 mi73$35,052,848$450,000$480,176
23513Norfolk, VA 235137.7 mi48$14,308,368$292,500$298,091
23464Virginia Beach, VA 234648.2 mi73$31,454,021$424,500$430,877
23518Norfolk, VA 2351810.0 mi88$44,206,008$395,000$502,341
23503Norfolk, VA 2350310.6 mi67$29,425,864$350,000$439,192

Frequently Asked Questions

How many homes are for sale in PORTSMOUTH, VA 23702?

As of February 2026, there are 35 active listings in PORTSMOUTH, VA (zip code 23702), compared to 35 the prior year.

What is the median home price in PORTSMOUTH, VA 23702?

The median listing price in PORTSMOUTH, VA 23702 is $223,724 as of February 2026, a 8% decrease from $243,200 the prior year.

How long do homes stay on the market in PORTSMOUTH, VA?

Homes in PORTSMOUTH, VA 23702 spend an average of 55 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in PORTSMOUTH, VA 23702?

Based on current inventory and days-on-market data as of February 2026, PORTSMOUTH, VA 23702 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 55 days on market compared to 46 days last year.

How much can I save on real estate commission in PORTSMOUTH, VA?

With SELL123.com's maximum 3% commission, sellers in PORTSMOUTH, VA 23702 save an estimated $4,474 compared to a typical 5% commission on the median listing price of $223,724. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.