Portsmouth Real Estate Trends & Statistics

Portsmouth Median List Price

$140,000

Share Download Embed

Portsmouth Market Snapshot

Share Download Embed

	Today	1 Month Ago		1 Year Ago
Total Inventory	826	808	2%	761	9%
Median List Price	$140,000	$140,000		$130,000	8%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	4%	5%		5%
Median DOM	81	78	4%	81
Median House Size	1,484	1,494	1%	1,440	3%
Median $/Sqft	$97/sqft	$97/sqft		$95/sqft	2%

	Today	1 Month Ago		1 Year Ago
Total Inventory	686	669	3%	624	10%
Median List Price	$140,000	$140,800	1%	$139,900
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	5%	6%		5%
Median DOM	81	75	8%	81
Median House Size	1,500	1,516	1%	1,500
Median $/Sqft	$97/sqft	$96/sqft	1%	$95/sqft	2%

	Today	1 Month Ago		1 Year Ago
Total Inventory	140	139	1%	137	2%
Median List Price	$126,500	$125,000	1%	$115,000	10%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	3%	3%		6%
Median DOM	81	94	14%	95	15%
Median House Size	1,382	1,344	3%	1,200	15%
Median $/Sqft	$101/sqft	$101/sqft		$94/sqft	7%

Portsmouth Market Data

Share Download Embed

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	71	15	29	24	132	294	175
New Listings	178	150	106	206	230	179	209
Sold/Expired	221	151	132	155	97	149	199

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	60	14	25	22	116	255	156
New Listings	145	131	96	177	202	149	179
Sold/Expired	185	132	115	130	81	127	163

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	11	1	4	2	16	39	19
New Listings	33	19	10	29	28	30	30
Sold/Expired	36	19	17	25	16	22	36

Portsmouth, Virginia real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Portsmouth homes for sale market. Movoto displays information on foreclosures, short-sales, and REO (real estate owned) properties in both charts and graphs so that you can see the percentage of distressed listings in Portsmouth. Movoto is your comprehensive source for Portsmouth property information. Where possible, Movoto uses the Active listing data from MRIS, Real Estate Information Network to calculate the Total Active Inventory, Median List Price, % Distressed, Median Days on Market, Median House size by livable square feet, Median Price per Sq.Ft (which is calculated by dividing Median House Size by Median Sq. Ft. of Active listings), and Price per Sq. Ft (which is calculated by dividing the specific Sq. Ft of the home by the current price of the home). We try to display data that is as accurate as possible, but we cannot guarantee the accuracy of our statistics. The data on this page is for informational purposes only.

Portsmouth, VA Market Overview

Inventory: 826 Recently Sold: 199 New Listings: 209 Distressed: 4

Portsmouth's home resale inventories increased slightly, with a 2 percent increase since April 2013. Distressed properties such as foreclosures and short sales decreased as a percentage of the total market in May. The median listing price in Portsmouth stayed the same from April to May. There were a total of 11 price increases and 175 price decreases.

Updated: 05/01/2013

Change City

Nearby Homes for Sale

8 Canoe Ct, Portsmouth, VA