BOLD REALTY MARKET REPORT

Portsmouth, VA

Single-Family Homes

TOM MILAN 757-777-7577



Portsmouth, VA

Sat Nov 27 2021
This week the median list price for Portsmouth, VA is $214,500 with the market action index hovering around 57. This is an increase over last month's market action index of 47. Inventory has decreased to 205. Click here to stay informed with the Portsmouth market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Portsmouth, VA

Sat Nov 27 2021
This week the median list price for Portsmouth, VA is $214,500 with the market action index hovering around 57. This is an increase over last month's market action index of 47. Inventory has decreased to 205. Click here to stay informed with the Portsmouth market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Portsmouth market.
Median List Price $214,500
Median Price of New Listings $225,000
Per Square Foot $144
Average Days on Market 56
Median Days on Market 35
Price Decreased 39%
Price Increased 6%
Relisted 12%
Inventory 205
Median Rent $1,325
Market Action 57
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$333,000 2,200 0.25 - 0.5 acre 4 2.5 57 11 11 21
$239,900 1,716 6,500 - 8,000 sqft 3 2 75 11 20 28
$195,000 1,300 6,500 - 8,000 sqft 3 1.5 79 10 13 42
$145,250 1,107 4,500 - 6,500 sqft 3 1 79 7 12 59